Suncor Energy (TSE:SU) Given New C$145.00 Price Target at National Bank Financial

Key Points

• National Bank Financial lowered its Suncor Energy price target slightly from C$146 to C$145 while maintaining an “outperform” rating, implying roughly 32% upside from the current price.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of C$102.12. Suncor shares traded at C$109.86, near their 12-month high of C$112.04.
• Company insiders sold a combined 79,792 shares worth approximately C$7.3 million over the past 90 days, while insiders retain only 0.01% of the company’s stock.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU had its price objective reduced by analysts at National Bank Financial from C$146.00 to C$145.00 in a research report issued to clients and investors on Tuesday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's price target points to a potential upside of 31.99% from the stock's current price.

A number of other research analysts have also recently issued reports on SU. JPMorgan Chase & Co. raised their price target on shares of Suncor Energy from C$107.00 to C$114.00 in a report on Thursday, August 13th. Scotiabank upgraded shares of Suncor Energy to a "strong-buy" rating in a research note on Friday, June 26th. Royal Bank Of Canada boosted their price objective on shares of Suncor Energy from C$100.00 to C$110.00 and gave the company an "outperform" rating in a report on Tuesday, October 13th. Desjardins set a C$107.00 price objective on shares of Suncor Energy and gave the company a "buy" rating in a report on Friday, July 17th. Finally, TD upped their target price on Suncor Energy from C$113.00 to C$116.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$102.12.

Suncor Energy Stock Performance

Shares of Suncor Energy stock traded down C$0.77 during midday trading on Tuesday, hitting C$109.86. The company had a trading volume of 1,110,626 shares, compared to its average volume of 6,162,521. The stock has a market cap of C$128.50 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 0.15 and a beta of 0.18. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48. The company has a fifty day simple moving average of C$96.47 and a 200 day simple moving average of C$90.47. Suncor Energy has a 12-month low of C$53.02 and a 12-month high of C$112.04.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last released its earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. The company had revenue of C$17.50 billion during the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. As a group, analysts predict that Suncor Energy will post 4.42 earnings per share for the current fiscal year.

Insider Transactions at Suncor Energy

In related news, insider Shelley Powell sold 41,911 shares of Suncor Energy stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$87.60, for a total transaction of C$3,671,403.60. Following the completion of the sale, the insider owned 27,705 shares of the company's stock, valued at C$2,426,958. The trade was a 60.20% decrease in their ownership of the stock. Also, insider Curtis Wade Serra sold 2,400 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of C$94.03, for a total value of C$225,672.00. Over the last 90 days, insiders sold 79,792 shares of company stock valued at $7,294,928. 0.01% of the stock is owned by company insiders.

Suncor Energy Company Profile

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.

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