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

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU had its price objective boosted 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 target price would indicate a potential upside of 6.36% from the company's previous close.

Several other equities analysts have also commented on SU. TD Securities increased their price objective on shares of Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. Scotiabank increased their price target on shares of Suncor Energy from C$59.00 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 note on Monday, November 18th. JPMorgan Chase & Co. raised their price objective on Suncor Energy from C$59.00 to C$61.00 in a research note on Friday, December 13th. Finally, Wells Fargo & Company cut their target price on Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$62.32.

Suncor Energy Price Performance

Shares of SU traded down C$1.40 during midday trading on Thursday, hitting C$54.53. 4,217,288 shares of the company traded hands, compared to its average volume of 4,909,061. The stock has a market cap of C$69.25 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 0.15 and a beta of 1.47. The firm has a 50 day moving average of C$54.13 and a 200-day moving average of C$53.62. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. Suncor Energy has a 52 week low of C$42.43 and a 52 week high of C$58.58.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 EPS for the quarter, beating analysts' consensus estimates of C$1.10 by C$0.38. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. During the same quarter last year, the firm earned $1.52 earnings per share. On average, analysts forecast that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Insider Activity at Suncor Energy

In related news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$57.10, for a total value of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the firm's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. 0.01% of the stock is currently owned by company 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.