Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its price objective upped by Wells Fargo & Company from C$61.00 to C$66.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 19.67% from the stock’s current price.
Several other research firms also recently commented on SU. Jefferies Financial Group upped their price target on shares of Suncor Energy from C$54.00 to C$62.00 and gave the company a “hold” rating in a research note on Wednesday. Desjardins lifted their price target on shares of Suncor Energy from C$48.50 to C$54.00 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. BMO Capital Markets boosted their price target on Suncor Energy from C$52.00 to C$55.00 in a research note on Thursday, March 28th. Royal Bank of Canada lifted their price objective on Suncor Energy from C$58.00 to C$60.00 in a report on Thursday, May 9th. Finally, National Bankshares boosted their price target on Suncor Energy from C$75.00 to C$79.00 and gave the company an “outperform” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$62.42.
View Our Latest Research Report on SU
Suncor Energy Price Performance
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, beating 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 analyst estimates of C$11.33 billion. Suncor Energy had a return on equity of 18.64% and a net margin of 15.85%. Equities research analysts expect that Suncor Energy will post 4.9972527 EPS for the current year.
Insiders Place Their Bets
In other news, Senior Officer Shelley Powell sold 16,400 shares of Suncor Energy stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total transaction of C$751,776.00. 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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