Suncor Energy (TSE:SU) Given a C$67.00 Price Target by Royal Bank of Canada Analysts

Suncor Energy (TSE:SU) (NYSE:SU) received a C$67.00 target price from equities research analysts at Royal Bank of Canada in a report released on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock.

Several other research firms have also issued reports on SU. Raymond James lifted their price target on shares of Suncor Energy from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a report on Thursday, August 8th. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a C$59.00 price objective for the company in a research note on Wednesday, August 7th. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective for the company in a research note on Wednesday, August 7th. Jefferies Financial Group lifted their price objective on shares of Suncor Energy from C$54.00 to C$62.00 and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Finally, Wolfe Research upgraded shares of Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$61.96.

Suncor Energy Stock Performance

The business has a 50-day moving average price of C$53.19 and a two-hundred day moving average price of C$52.14. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. Suncor Energy has a 1-year low of C$40.07 and a 1-year high of C$57.32. The stock has a market capitalization of C$62.90 billion, a price-to-earnings ratio of 8.57, a P/E/G ratio of 0.15 and a beta of 1.49.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.06 by C$0.21. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. The business had revenue of C$13.04 billion for the quarter, compared to analyst estimates of C$11.59 billion. As a group, sell-side analysts predict that Suncor Energy will post 4.7260019 earnings per share for the current fiscal year.

Insider Activity at Suncor Energy

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total value of C$2,131,558.00. In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 100,000 shares of Suncor Energy stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$51.66, for a total value of C$5,165,900.00. Also, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. 0.01% of the stock is currently owned by 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.