Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its target price lowered by research analysts at National Bankshares from C$77.00 to C$73.00 in a research note issued on Friday, BayStreet.CA reports. National Bankshares’ price objective points to a potential upside of 46.65% from the company’s previous close.
A number of other analysts have also recently issued reports on the company. Scotiabank dropped their target price on shares of Suncor Energy from C$61.00 to C$60.00 in a research report on Friday, July 12th. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating and set a C$59.00 price objective for the company in a research report on Wednesday, August 7th. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 target price on the stock in a report on Wednesday, August 7th. Jefferies Financial Group decreased their price target on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a research report on Monday, September 16th. Finally, Wolfe Research raised Suncor Energy to a “strong-buy” rating in a research report on Thursday, July 18th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$60.96.
Read Our Latest Stock Report on SU
Suncor Energy Price Performance
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share 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 business had revenue of C$13.04 billion for the quarter, compared to analyst estimates of C$11.59 billion. Equities research analysts expect that Suncor Energy will post 4.2058333 EPS for the current year.
Insider Buying and Selling
In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the company’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. 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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