Wells Fargo & Co Increases Suncor Energy (SU) Price Target to C$59.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target boosted by stock analysts at Wells Fargo & Co from C$56.00 to C$59.00 in a report issued on Thursday, January 11th. Wells Fargo & Co’s target price would indicate a potential upside of 27.65% from the stock’s previous close.

SU has been the topic of several other research reports. Barclays upped their price objective on Suncor Energy from C$47.00 to C$49.00 in a research note on Tuesday, October 10th. BMO Capital Markets increased their price target on Suncor Energy from C$50.00 to C$52.00 in a research report on Thursday, November 16th. TD Securities cut Suncor Energy from a “buy” rating to a “hold” rating and set a C$50.00 price target on the stock. in a research report on Thursday, November 16th. CIBC increased their price target on Suncor Energy from C$50.00 to C$53.00 in a research report on Tuesday, October 17th. Finally, Royal Bank of Canada increased their price target on Suncor Energy from C$47.00 to C$48.00 in a research report on Thursday, November 16th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$50.71.

Shares of Suncor Energy (TSE SU) opened at C$46.22 on Thursday. Suncor Energy has a one year low of C$36.09 and a one year high of C$47.69. The stock has a market capitalization of $76,130.00, a P/E ratio of 21.40 and a beta of 0.48.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Wednesday, October 25th. The company reported C$0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.33 by C$0.19. Suncor Energy had a return on equity of 11.46% and a net margin of 16.14%.

In other Suncor Energy news, insider Michael Roderick Macsween sold 55,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of C$46.00, for a total transaction of C$2,530,000.00. Also, insider Mark Stephen Little sold 1,000 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of C$45.51, for a total value of C$45,510.00. Over the last 90 days, insiders sold 56,100 shares of company stock worth $2,580,074.

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Suncor Energy Company Profile

Suncor Energy Inc is a Canada-based 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.

Analyst Recommendations for Suncor Energy (TSE:SU)

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