Suncor Energy (TSE:SU) PT Raised to C$53.00 at Jefferies Financial Group

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective hoisted by equities researchers at Jefferies Financial Group from C$50.00 to C$53.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 2.08% from the company’s current price.

Several other equities analysts also recently weighed in on SU. Wells Fargo & Company decreased their price target on shares of Suncor Energy from C$59.00 to C$55.00 in a research note on Thursday, December 14th. Royal Bank of Canada lifted their target price on shares of Suncor Energy from C$52.00 to C$58.00 in a research note on Tuesday, April 9th. BMO Capital Markets lifted their target price on shares of Suncor Energy from C$52.00 to C$55.00 in a research note on Thursday, March 28th. National Bankshares reduced their target price on shares of Suncor Energy from C$74.00 to C$57.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. Finally, TD Securities lifted their target price on shares of Suncor Energy from C$46.00 to C$48.00 and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Suncor Energy has an average rating of “Hold” and a consensus target price of C$55.04.

Suncor Energy Stock Performance

SU opened at C$51.92 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.44 and a debt-to-equity ratio of 36.52. The company has a market cap of C$66.98 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 0.15 and a beta of 1.52. Suncor Energy has a 52-week low of C$37.09 and a 52-week high of C$53.78. The firm’s fifty day simple moving average is C$47.63 and its two-hundred day simple moving average is C$45.45.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data 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 business had revenue of C$14.14 billion for the quarter, compared to the consensus estimate of C$11.33 billion. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. Equities analysts anticipate that Suncor Energy will post 4.793291 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total transaction of C$751,776.00. In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total transaction of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the business’s stock in a transaction that occurred 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 currently owned by company insiders.

About Suncor Energy

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.