Suncor Energy (TSE:SU) Stock Price Target Raised at Scotia

Key Points

• Scotia raised its Suncor Energy price target from C$123 to C$126 and maintained a “sector outperform” rating, implying 27.81% upside from the cited share price.
• Analyst sentiment is broadly positive: MarketBeat reports a “Moderate Buy” consensus from 12 analysts, with an average target of C$109.27; individual targets range from C$97 to C$151.
• Suncor shares fell C$2.26 to C$98.58 on Thursday. The company reported quarterly EPS of C$3.97 and revenue of C$18.88 billion.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU had its price objective hoisted by equities research analysts at Scotia from C$123.00 to C$126.00 in a report released on Thursday, BayStreet reports. The firm currently has a "sector outperform" rating on the stock. Scotia's price objective suggests a potential upside of 27.81% from the stock's current price.

Several other research analysts have also recently issued reports on the company. Gerdes Energy Research cut Suncor Energy from a "buy" rating to a "neutral" rating and increased their price target for the stock from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. Raymond James Financial lifted their price objective on shares of Suncor Energy from C$109.00 to C$118.00 and gave the company an "outperform" rating in a research note on Wednesday, September 16th. National Bank Financial upped their price objective on shares of Suncor Energy from C$145.00 to C$151.00 and gave the stock an "outperform" rating in a report on Thursday. Royal Bank Of Canada increased their target price on shares of Suncor Energy from C$100.00 to C$110.00 and gave the company an "outperform" rating in a research report on Tuesday, October 13th. Finally, ATB Cormark Capital Markets raised their target price on shares of Suncor Energy from C$100.00 to C$125.00 and gave the company an "outperform" rating in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$109.27.

Suncor Energy Stock Performance

SU stock traded down C$2.26 on Thursday, reaching C$98.58. The company's stock had a trading volume of 2,502,602 shares, compared to its average volume of 6,039,348. Suncor Energy has a 52 week low of C$57.95 and a 52 week high of C$112.80. The company has a market capitalization of C$115.30 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18. The firm has a fifty day moving average of C$100.35 and a two-hundred day moving average of C$88.45. The company has a debt-to-equity ratio of 10.56, a current ratio of 1.71 and a quick ratio of 0.83.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last posted its earnings results on Tuesday, November 3rd. The company reported C$3.97 EPS for the quarter. The firm had revenue of C$18.88 billion for the quarter. Suncor Energy had a return on equity of 23.57% and a net margin of 17.22%. As a group, analysts predict that Suncor Energy will post 4.42 EPS for the current fiscal year.

Insider Activity

In other Suncor Energy news, insider David Jason Oldreive sold 5,000 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of C$98.00, for a total transaction of C$490,000.00. Also, insider Richard Michael Kruger sold 15,378 shares of Suncor Energy stock in a transaction on Thursday, August 20th. The shares were sold at an average price of C$94.84, for a total value of C$1,458,449.52. Insiders sold a total of 79,792 shares of company stock worth $7,294,928 in the last quarter. 0.01% of the stock is currently owned by corporate insiders.

About Suncor Energy

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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