Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its price target increased by research analysts at Royal Bank of Canada from C$58.00 to C$60.00 in a note issued to investors on Thursday, BayStreet.CA reports. Royal Bank of Canada’s target price indicates a potential upside of 8.75% from the stock’s previous close.
Several other equities research analysts also recently weighed in on SU. Desjardins raised their price objective on Suncor Energy from C$48.50 to C$54.00 and gave the company a “hold” rating in a report on Tuesday, April 23rd. BMO Capital Markets upped their price objective on Suncor Energy from C$52.00 to C$55.00 in a research note on Thursday, March 28th. TD Securities upped their price target on Suncor Energy from C$50.00 to C$52.00 and gave the company a “hold” rating in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of Suncor Energy from C$55.00 to C$60.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, Jefferies Financial Group boosted their target price on shares of Suncor Energy from C$50.00 to C$53.00 and gave the company a “hold” rating in a report on Friday, April 12th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Suncor Energy has an average rating of “Hold” and a consensus target price of C$58.08.
Suncor Energy Price Performance
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last issued its earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, topping the consensus estimate of C$1.05 by C$0.21. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. The firm had revenue of C$14.14 billion during the quarter, compared to the consensus estimate of C$11.33 billion. As a group, research analysts anticipate that Suncor Energy will post 4.7379873 earnings per share for the current year.
Insider Buying and Selling at Suncor Energy
In related news, Senior Officer Shelley Powell sold 16,400 shares of the stock in a transaction that occurred 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 Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total value of C$549,960.00. Also, Senior Officer Shelley Powell sold 16,400 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. 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, 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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