National Bankshares Issues Pessimistic Forecast for Suncor Energy (TSE:SU) Stock Price

by · The Cerbat Gem

Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its price objective decreased by research analysts at National Bankshares from C$73.00 to C$72.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 10.82% from the stock’s current price.

Several other equities analysts have also weighed in on SU. UBS Group boosted their target price on shares of Suncor Energy from C$61.00 to C$65.00 in a report on Wednesday, November 5th. Wells Fargo & Company set a C$57.00 target price on Suncor Energy and gave the stock an “equal weight” rating in a research note on Friday, October 17th. Gerdes Energy Research upped their price target on Suncor Energy from C$75.00 to C$78.00 in a research note on Monday, November 10th. JPMorgan Chase & Co. raised their price objective on Suncor Energy from C$59.00 to C$64.00 in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada boosted their price objective on shares of Suncor Energy from C$62.00 to C$67.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus price target of C$67.62.

View Our Latest Analysis on Suncor Energy

Suncor Energy Price Performance

Shares of SU traded up C$1.64 during trading hours on Friday, hitting C$64.97. 1,676,575 shares of the stock were exchanged, compared to its average volume of 5,348,781. The company has a market cap of C$78.05 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 0.15 and a beta of 0.79. Suncor Energy has a 12-month low of C$43.59 and a 12-month high of C$64.99. The stock’s 50-day moving average price is C$60.78 and its two-hundred day moving average price is C$57.11. 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 (TSE:SU – Get Free Report) (NYSE:SU) last issued its earnings results on Tuesday, November 4th. The company reported C$1.48 earnings per share for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%.The business had revenue of C$12.55 billion for the quarter. Research analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current year.

Insider Activity

In related news, insider Peter Douglas Zebedee sold 43,364 shares of Suncor Energy stock in a transaction on Monday, November 17th. The stock was sold at an average price of C$62.53, for a total value of C$2,711,550.92. Also, insider Troy Ward Little sold 8,711 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of C$62.61, for a total value of C$545,395.71. Over the last three months, insiders have sold 164,675 shares of company stock worth $10,208,871. Corporate insiders own 0.01% of the company’s stock.

Suncor Energy Company Profile

(Get Free Report)

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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