Suncor Energy (TSE:SU) PT Set at C$57.00 by Wells Fargo & Company

Key Points

• Wells Fargo & Company has set a price target of C$57.00 for Suncor Energy, indicating a potential upside of 5.48% from its previous close.
• Several analysts have raised their target prices for Suncor, with ATB Capital at C$62.00 and Desjardins at C$65.00, reflecting a generally positive outlook.
• Suncor Energy reported earnings of C$0.71 EPS for the last quarter, and analysts expect a total of 4.42 EPS for the current fiscal year.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU has been given a C$57.00 price objective by stock analysts at Wells Fargo & Company in a report released on Friday,BayStreet.CA reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price would suggest a potential upside of 5.48% from the company's previous close.

SU has been the topic of several other research reports. ATB Capital boosted their target price on Suncor Energy from C$60.00 to C$62.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Raymond James Financial raised their target price on shares of Suncor Energy from C$57.00 to C$58.00 and gave the stock a "market perform" rating in a report on Thursday, August 7th. Desjardins raised their target price on shares of Suncor Energy from C$64.00 to C$65.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Jefferies Financial Group increased their price objective on shares of Suncor Energy from C$53.00 to C$57.00 in a research report on Monday, August 18th. Finally, Scotiabank increased their price objective on shares of Suncor Energy from C$60.00 to C$62.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$63.58.

Suncor Energy Price Performance

Shares of TSE:SU traded down C$0.16 on Friday, reaching C$54.04. The company's stock had a trading volume of 4,539,325 shares, compared to its average volume of 7,896,282. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. Suncor Energy has a 52-week low of C$43.59 and a 52-week high of C$60.48. The company has a 50-day simple moving average of C$56.43 and a 200 day simple moving average of C$52.93. The company has a market cap of C$66.34 billion, a P/E ratio of 11.90, a PEG ratio of 0.15 and a beta of 0.76.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its quarterly earnings results on Tuesday, August 5th. The company reported C$0.71 EPS for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. As a group, equities research analysts anticipate that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Insiders Place Their Bets

In other Suncor Energy news, insider Shelley Powell sold 30,000 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of C$58.06, for a total value of C$1,741,650.00. Following the transaction, the insider directly owned 27,705 shares in the company, valued at C$1,608,413.78. This represents a 51.99% decrease in their position. Also, insider David Jason Oldreive sold 4,542 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of C$57.50, for a total value of C$261,165.00. Over the last three months, insiders sold 139,542 shares of company stock worth $8,052,015. 0.01% of the stock is owned by company 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.

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