Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its price target boosted by research analysts at Jefferies Financial Group from C$54.00 to C$62.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 12.05% from the stock’s previous close.
A number of other equities research analysts have also weighed in on SU. CIBC lifted their target price on shares of Suncor Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Wells Fargo & Company lifted their price objective on Suncor Energy from C$55.00 to C$60.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. BMO Capital Markets increased their target price on Suncor Energy from C$52.00 to C$55.00 in a research report on Thursday, March 28th. National Bankshares lifted their price target on Suncor Energy from C$57.00 to C$75.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada increased their price objective on Suncor Energy from C$58.00 to C$60.00 in a report on Thursday, May 9th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Suncor Energy has an average rating of “Hold” and a consensus target price of C$62.42.
Read Our Latest Analysis on SU
Suncor Energy Trading Down 1.2 %
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, beating analysts’ consensus estimates of C$1.05 by C$0.21. Suncor Energy had a return on equity of 18.64% and a net margin of 15.85%. The business had revenue of C$14.14 billion during the quarter, compared to analyst estimates of C$11.33 billion. As a group, equities research analysts expect that Suncor Energy will post 4.9972527 earnings per share for the current fiscal year.
Insider Buying and Selling at Suncor Energy
In related news, Senior Officer Shelley Powell sold 16,400 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total value of C$751,776.00. In related news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the business’s 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. Also, Senior Officer Shelley Powell sold 16,400 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total value of C$751,776.00. Corporate insiders own 0.01% of the company’s stock.
Suncor Energy Company Profile
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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