Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its price objective lifted by stock analysts at BMO Capital Markets from C$52.00 to C$55.00 in a research note issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 10.13% from the stock’s previous close.
Several other equities analysts also recently commented on SU. National Bankshares dropped their target price on shares of Suncor Energy from C$74.00 to C$57.00 and set an “outperform” rating for the company in a report on Wednesday, January 10th. Jefferies Financial Group increased their price objective on Suncor Energy from C$47.00 to C$50.00 and gave the stock a “hold” rating in a report on Monday, March 4th. Royal Bank of Canada boosted their target price on Suncor Energy from C$51.00 to C$52.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Wells Fargo & Company dropped their price target on Suncor Energy from C$59.00 to C$55.00 in a research note on Thursday, December 14th. Finally, CIBC boosted their price objective on shares of Suncor Energy from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$54.46.
Check Out Our Latest Report on SU
Suncor Energy Trading Up 0.9 %
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last issued its earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.05 by C$0.21. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. The firm had revenue of C$14.14 billion for the quarter, compared to analysts’ expectations of C$11.33 billion. Sell-side analysts expect that Suncor Energy will post 4.7390892 earnings per share for the current year.
Insider Buying and Selling at Suncor Energy
In other news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the stock in a transaction 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. In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of Suncor Energy 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 stock in a transaction 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. Company insiders own 0.01% of the company’s stock.
Suncor Energy Company Profile
Suncor Energy Inc operates as an integrated energy company in Canada 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. This segment also engages in syncrude oil sands mining and upgrading operations; and marketing, supply, transportation, and risk management of crude oil, natural gas, power, and byproducts.
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