Suncor Energy Inc. (SU) PT Raised to C$47.00
Suncor Energy Inc. (TSE:SU) (NYSE:SU) had its price objective boosted by equities research analysts at Royal Bank Of Canada from C$45.00 to C$47.00 in a report released on Friday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 8.55% from the company’s current price.
Several other research analysts have also commented on SU. TD Securities lifted their price target on Suncor Energy from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research report on Thursday. AltaCorp Capital lowered Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 28th. CIBC lifted their price target on Suncor Energy from C$50.00 to C$53.00 in a research report on Tuesday, October 17th. JPMorgan Chase & Co. lifted their price target on Suncor Energy from C$39.00 to C$42.00 in a research report on Thursday, September 14th. Finally, Barclays PLC lifted their price target on Suncor Energy from C$47.00 to C$49.00 in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$49.17.
Shares of Suncor Energy (TSE:SU) traded up 0.46% during midday trading on Friday, reaching $43.30. The company had a trading volume of 3,227,408 shares. The company’s 50 day moving average price is $42.15 and its 200 day moving average price is $40.86. Suncor Energy has a 52-week low of $36.09 and a 52-week high of $44.90. The stock has a market capitalization of $71.85 billion and a PE ratio of 26.79.
Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Wednesday, July 26th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.23 by C($0.11). The firm had revenue of C$7.26 billion for the quarter, compared to analyst estimates of C$7.41 billion. Suncor Energy had a return on equity of 3.86% and a net margin of 6.00%. Equities research analysts expect that Suncor Energy will post $1.37 earnings per share for the current year.
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In other Suncor Energy news, Director Jacynthe Cote purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were purchased at an average cost of C$41.78 per share, for a total transaction of C$83,560.00. Also, insider Steven Walter Williams purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was acquired at an average price of C$39.39 per share, for a total transaction of C$39,390.00.
Suncor Energy Company Profile
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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