Suncor Energy (SU) Rating Increased to Outperform at AltaCorp Capital

Suncor Energy (TSE:SU) (NYSE:SU) was upgraded by equities research analysts at AltaCorp Capital from a “sector perform” rating to an “outperform” rating in a note issued to investors on Thursday.

Several other analysts also recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a C$52.00 target price on shares of Suncor Energy in a report on Monday, December 11th. Eight Capital set a C$56.00 price objective on shares of Suncor Energy and gave the company a “neutral” rating in a report on Thursday, January 11th. Wells Fargo boosted their price objective on shares of Suncor Energy from C$56.00 to C$59.00 in a report on Thursday, January 11th. National Bank Financial boosted their price objective on shares of Suncor Energy from C$49.00 to C$56.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Finally, Raymond James Financial boosted their price objective on shares of Suncor Energy from C$47.00 to C$52.00 and gave the company an “outperform” rating in a report on Monday, December 4th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$51.50.

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Shares of Suncor Energy stock opened at C$42.90 on Thursday. Suncor Energy has a 52 week low of C$36.09 and a 52 week high of C$47.69. The stock has a market cap of $69,340.00, a price-to-earnings ratio of 16.01 and a beta of 0.45.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Thursday, February 8th. The company reported C$0.79 earnings per share for the quarter, topping the consensus estimate of C$0.68 by C$0.11. The company had revenue of C$9.04 billion for the quarter, compared to analyst estimates of C$8 billion. Suncor Energy had a net margin of 15.36% and a return on equity of 12.21%.

In other Suncor Energy news, Director Dennis Michael Houston purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was purchased at an average cost of C$32.47 per share, for a total transaction of C$162,350.00. Also, insider Steven Walter Williams sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of C$44.03, for a total transaction of C$35,224.00.

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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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