National Bankshares Forecasts Strong Price Appreciation for Suncor Energy (TSE:SU) Stock

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by equities researchers at National Bankshares from C$65.00 to C$68.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 24.70% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group increased their target price on Suncor Energy from C$54.00 to C$58.00 in a research report on Thursday. Raymond James decreased their target price on shares of Suncor Energy from C$56.00 to C$55.00 in a research report on Friday, December 13th. TD Securities lifted their price objective on shares of Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday, November 13th. UBS Group upped their target price on Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. Finally, Wells Fargo & Company lowered their price objective on shares of Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$62.32.

Suncor Energy Trading Down 2.5 %

Shares of TSE:SU opened at C$54.53 on Thursday. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The stock has a market capitalization of C$69.25 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 0.15 and a beta of 1.47. The stock’s 50-day simple moving average is C$54.13 and its two-hundred day simple moving average is C$53.62. Suncor Energy has a 52-week low of C$42.43 and a 52-week high of C$58.58.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 earnings per share for the quarter, topping the consensus estimate of C$1.10 by C$0.38. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. During the same quarter in the previous year, the firm posted $1.52 EPS. Analysts expect that Suncor Energy will post 4.4208333 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$57.10, for a total value of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total value of C$2,843,700.00. 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.