Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its price target decreased by equities researchers at National Bankshares from C$77.00 to C$73.00 in a report issued on Friday, BayStreet.CA reports. National Bankshares’ target price would suggest a potential upside of 47.39% from the company’s previous close.
A number of other equities research analysts have also recently commented on the company. Scotiabank lowered their target price on Suncor Energy from C$61.00 to C$60.00 in a research note on Friday, July 12th. Jefferies Financial Group lowered their price objective on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Royal Bank of Canada reduced their target price on shares of Suncor Energy from C$67.00 to C$64.00 in a research report on Tuesday, September 17th. Raymond James lifted their price target on shares of Suncor Energy from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a report on Thursday, August 8th. Finally, TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating and set a C$59.00 price objective for the company in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$60.96.
Read Our Latest Stock Report on SU
Suncor Energy Stock Up 0.7 %
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.06 by C$0.21. The business had revenue of C$13.04 billion during the quarter, compared to the consensus estimate of C$11.59 billion. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. Equities research analysts predict that Suncor Energy will post 4.2058333 earnings per share for the current fiscal year.
Insiders Place Their Bets
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. Company 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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