Jefferies Financial Group Raises Suncor Energy (TSE:SU) Price Target to C$58.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target hoisted by analysts at Jefferies Financial Group from C$54.00 to C$58.00 in a note issued to investors on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price objective would suggest a potential upside of 3.65% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Desjardins raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 14th. TD Securities upped their price target on Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. UBS Group boosted their price objective on Suncor Energy from C$61.00 to C$65.00 in a research report on Monday, November 18th. JPMorgan Chase & Co. boosted their price target on shares of Suncor Energy from C$59.00 to C$61.00 in a report on Friday, December 13th. Finally, Gerdes Energy Research set a C$69.00 price objective on shares of Suncor Energy and gave the company a “buy” rating in a report on Monday, November 25th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$62.32.

Suncor Energy Price Performance

TSE SU traded up C$0.28 during trading hours on Thursday, hitting C$55.96. 548,116 shares of the company’s stock traded hands, compared to its average volume of 4,644,255. Suncor Energy has a 52-week low of C$42.43 and a 52-week high of C$58.58. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The company has a market capitalization of C$71.07 billion, a PE ratio of 9.62, a PEG ratio of 0.15 and a beta of 1.47. The firm’s 50-day moving average is C$54.16 and its 200-day moving average is C$53.60.

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

Insider Buying and Selling

In related news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the company’s stock in a transaction that occurred on 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. Also, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Insiders own 0.01% of the company’s stock.

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.