Suncor Energy (TSE:SU) Price Target Increased to C$75.00 by Analysts at National Bankshares

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU had its price objective upped by analysts at National Bankshares from C$57.00 to C$75.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' target price indicates a potential upside of 41.54% from the stock's current price.

A number of other brokerages have also recently weighed in on SU. BMO Capital Markets upped their price objective on shares of Suncor Energy from C$52.00 to C$55.00 in a report on Thursday, March 28th. Jefferies Financial Group upped their price objective on shares of Suncor Energy from C$50.00 to C$53.00 and gave the stock a "hold" rating in a report on Friday, April 12th. CIBC upped their price objective on shares of Suncor Energy from C$58.00 to C$60.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. Wells Fargo & Company upped their target price on shares of Suncor Energy from C$55.00 to C$60.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Royal Bank of Canada upped their target price on shares of Suncor Energy from C$52.00 to C$58.00 in a research note on Tuesday, April 9th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Suncor Energy presently has a consensus rating of "Hold" and an average target price of C$56.81.

Suncor Energy Trading Up 1.1 %

Shares of TSE SU traded up C$0.60 during midday trading on Friday, hitting C$52.99. 3,451,521 shares of the company traded hands, compared to its average volume of 8,052,637. Suncor Energy has a 12-month low of C$37.09 and a 12-month high of C$53.78. The company has a debt-to-equity ratio of 36.52, a quick ratio of 0.83 and a current ratio of 1.44. The stock has a 50-day moving average price of C$48.32 and a 200 day moving average price of C$45.59. The firm has a market cap of C$68.36 billion, a P/E ratio of 8.43, a P/E/G ratio of 0.15 and a beta of 1.52.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.05 by C$0.21. The company had revenue of C$14.14 billion for the quarter, compared to analysts' expectations of C$11.33 billion. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. As a group, analysts expect that Suncor Energy will post 4.7415525 earnings per share for the current year.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total transaction of C$549,960.00. In other news, Senior Officer Shelley Powell sold 16,400 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total transaction of C$549,960.00. 0.01% of the stock is owned by corporate insiders.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.