Suncor Energy (TSE:SU) Given New C$79.00 Price Target at Desjardins

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective upped by equities researchers at Desjardins from C$74.00 to C$79.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 13.12% from the stock’s current price.

Several other equities analysts have also issued reports on SU. Raymond James Financial boosted their target price on Suncor Energy from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. CIBC boosted their price objective on shares of Suncor Energy from C$65.00 to C$70.00 in a report on Thursday, November 27th. National Bankshares cut their target price on shares of Suncor Energy from C$73.00 to C$72.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. Gerdes Energy Research lifted their price target on shares of Suncor Energy from C$75.00 to C$78.00 in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Suncor Energy from C$59.00 to C$64.00 in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$68.62.

Suncor Energy Trading Up 0.3%

Shares of SU stock traded up C$0.23 on Monday, reaching C$69.84. 958,203 shares of the stock were exchanged, compared to its average volume of 4,590,755. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. Suncor Energy has a one year low of C$43.59 and a one year high of C$70.55. The stock has a market cap of C$83.90 billion, a PE ratio of 16.28, a P/E/G ratio of 0.15 and a beta of 0.79. The stock has a 50 day moving average price of C$62.71 and a 200 day moving average price of C$58.41.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Tuesday, November 4th. The company reported C$1.48 earnings per share for the quarter. The firm had revenue of C$12.55 billion during the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. Equities research analysts forecast that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Insiders Place Their Bets

In other Suncor Energy news, insider Peter Douglas Zebedee sold 43,364 shares of the firm’s stock in a transaction dated 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 dated Monday, November 17th. The stock was sold at an average price of C$62.61, for a total value of C$545,395.71. Insiders have sold 164,675 shares of company stock worth $10,208,871 in the last ninety days. 0.01% of the stock is currently owned by 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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.