Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its price objective upped by investment analysts at Wells Fargo & Company from C$55.00 to C$60.00 in a research note issued on Thursday, BayStreet.CA reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 13.23% from the company’s current price.
Several other equities analysts have also weighed in on the stock. Jefferies Financial Group increased 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 report on Friday, April 12th. National Bankshares cut 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 research report on Wednesday, January 10th. Royal Bank of Canada increased 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 report on Friday, March 22nd. Finally, CIBC increased their target price on shares of Suncor Energy from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$56.81.
Check Out Our Latest Research Report on Suncor Energy
Suncor Energy Price Performance
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share for the quarter, beating the consensus estimate of C$1.05 by C$0.21. The company had revenue of C$14.14 billion during 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, research analysts expect that Suncor Energy will post 4.7415525 EPS for the current year.
Insider Buying and Selling at Suncor Energy
In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total transaction of C$751,776.00. In other news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the company’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. Also, Senior Officer Shelley Powell sold 16,400 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total transaction 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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