Jefferies Financial Group Forecasts Strong Price Appreciation for Suncor Energy (TSE:SU) Stock

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective increased by equities researchers at Jefferies Financial Group from C$54.00 to C$58.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Jefferies Financial Group’s target price suggests a potential upside of 6.36% from the company’s previous close.

A number of other research analysts have also weighed in on SU. Desjardins raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 14th. Royal Bank of Canada cut their price objective on Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. TD Securities raised their target price on Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. UBS Group upped their price target on Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. Finally, National Bankshares lowered their price objective on shares of Suncor Energy from C$76.00 to C$65.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$62.32.

Suncor Energy Trading Down 2.5 %

Suncor Energy stock opened at C$54.53 on Thursday. The company’s fifty day moving average price is C$54.13 and its two-hundred day moving average price is C$53.62. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. Suncor Energy has a one year low of C$42.43 and a one year high of C$58.58. The company 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.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 EPS for the quarter, beating the consensus estimate of C$1.10 by C$0.38. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. During the same quarter in the prior year, the firm earned $1.52 EPS. On average, analysts forecast that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction dated 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. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. 0.01% of the stock is owned by corporate 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.