Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its target price raised by research analysts at National Bankshares from C$57.00 to C$75.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 40.61% from the stock’s current price.
Several other equities research analysts have also recently commented on the company. TD Securities raised their target price on 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. BMO Capital Markets raised their price objective on shares of Suncor Energy from C$52.00 to C$55.00 in a research report on Thursday, March 28th. Royal Bank of Canada boosted their target price on shares of Suncor Energy from C$52.00 to C$58.00 in a research report on Tuesday, April 9th. Desjardins increased their target price on shares of Suncor Energy from C$46.00 to C$48.50 and gave the stock a “hold” rating in a research note on Friday, March 22nd. Finally, Jefferies Financial Group lifted their price target on shares of Suncor Energy from C$50.00 to C$53.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$56.81.
Check Out Our Latest Stock Analysis on Suncor Energy
Suncor Energy Trading Up 1.8 %
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last released its earnings results 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 analyst estimates of C$11.33 billion. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. On average, equities research analysts anticipate that Suncor Energy will post 4.7415525 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the 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. In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of Suncor Energy stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were 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 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.
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