Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its price target cut by equities researchers at Royal Bank of Canada from C$67.00 to C$64.00 in a research note issued on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s price objective indicates a potential upside of 27.19% from the company’s current price.
SU has been the topic of several other research reports. National Bankshares lifted their price target on shares of Suncor Energy from C$75.00 to C$77.00 in a report on Thursday, August 8th. Scotiabank cut their price target on shares of Suncor Energy from C$61.00 to C$60.00 in a report on Friday, July 12th. Wells Fargo & Company lifted their price target on shares of Suncor Energy from C$61.00 to C$66.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. ATB Capital lifted their price target on shares of Suncor Energy from C$53.00 to C$57.50 and gave the company a “sector perform” rating in a report on Wednesday, May 22nd. Finally, Raymond James raised 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. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$61.25.
Get Our Latest Stock Analysis on SU
Suncor Energy Trading Up 0.8 %
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last issued its earnings results 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 net margin of 14.87% and a return on equity of 17.68%. The firm had revenue of C$13.04 billion for the quarter, compared to analysts’ expectations of C$11.59 billion. As a group, sell-side analysts predict that Suncor Energy will post 4.7260019 EPS for the current year.
Insider Activity at Suncor Energy
In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the business’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 transaction of C$2,131,558.00. In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the business’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 transaction of C$2,131,558.00. Also, Senior Officer Kristopher Peter Smith sold 100,000 shares of the business’s stock in a transaction that occurred 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. 0.01% of the stock is currently owned by corporate insiders.
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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