Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its price target raised by research analysts at National Bankshares from C$57.00 to C$75.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 40.61% from the company’s previous close.
Several other equities research analysts have also weighed in on the company. 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. Desjardins increased their price objective on shares of Suncor Energy from C$46.00 to C$48.50 and gave the stock a “hold” rating in a report on Friday, March 22nd. TD Securities boosted their target price on shares of Suncor Energy from C$46.00 to C$48.00 and gave the company a “hold” rating in a research note on Thursday, February 22nd. Wells Fargo & Company raised their price target 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. Finally, CIBC increased their price objective on Suncor Energy from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Suncor Energy has an average rating of “Hold” and an average price target of C$56.81.
View Our Latest Analysis on SU
Suncor Energy Stock 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.21. The firm had revenue of C$14.14 billion for the quarter, compared to analysts’ expectations 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 forecast that Suncor Energy will post 4.7415525 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Senior Officer Shelley Powell sold 16,400 shares of the company’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 value of C$751,776.00. In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were 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 Suncor Energy stock in a transaction 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. Corporate insiders own 0.01% of the company’s stock.
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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