Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its price objective boosted by analysts at Desjardins from C$48.50 to C$54.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ target price would indicate a potential upside of 0.39% from the company’s previous close.
A number of other equities research analysts have also commented on SU. TD Securities upped their price target on shares of Suncor Energy from C$46.00 to C$48.00 and gave the company a “hold” rating in a report on Thursday, February 22nd. CIBC increased their target price on shares of Suncor Energy from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Monday. Royal Bank of Canada boosted their price target on Suncor Energy from C$52.00 to C$58.00 in a report on Tuesday, April 9th. Jefferies Financial Group increased their price objective on Suncor Energy from C$50.00 to C$53.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Finally, BMO Capital Markets lifted their price objective on Suncor Energy from C$52.00 to C$55.00 in a research report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$57.62.
Check Out Our Latest Stock Analysis on Suncor Energy
Suncor Energy Stock Performance
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last released its earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, beating the consensus estimate of C$1.05 by C$0.21. The company 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, sell-side analysts predict that Suncor Energy will post 4.7415525 earnings per share for the current fiscal year.
Insider Activity at Suncor Energy
In other news, Senior Officer Shelley Powell sold 16,400 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total transaction of C$751,776.00. In other news, Senior Officer Shelley Powell sold 16,400 shares of the business’s 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 firm’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. 0.01% of the stock is currently owned by insiders.
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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