Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) has been given a C$67.00 price objective by analysts at Royal Bank of Canada in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 34.35% from the company’s previous close.
A number of other equities research analysts also recently weighed in on SU. TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a C$59.00 price target for the company in a report on Wednesday, August 7th. Wells Fargo & Company boosted their price objective on Suncor Energy from C$61.00 to C$66.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Raymond James boosted their price objective on Suncor Energy from C$51.00 to C$52.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Jefferies Financial Group boosted their price objective on Suncor Energy from C$54.00 to C$62.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Finally, National Bankshares boosted their price target on Suncor Energy from C$75.00 to C$77.00 in a research report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$61.96.
View Our Latest Stock Report on SU
Suncor Energy Stock Up 1.1 %
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.06 by C$0.21. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. The company had revenue of C$13.04 billion for the quarter, compared to the consensus estimate of C$11.59 billion. On average, equities analysts anticipate that Suncor Energy will post 4.7260019 EPS for the current year.
Insider Activity
In other news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value of C$2,131,558.00. In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value of C$2,131,558.00. Also, Senior Officer Kristopher Peter Smith sold 100,000 shares of Suncor Energy stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$51.66, for a total value of C$5,165,900.00. 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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