RBC Capital analyst Gregory Pardy maintained a Buy rating on Suncor Energy (SU – Research Report) yesterday and set a price target of C$58.00. The company’s shares closed yesterday at $39.41.
According to TipRanks, Pardy is a top 100 analyst with an average return of 24.5% and a 67.02% success rate. Pardy covers the Energy sector, focusing on stocks such as MEG Energy, Cenovus Energy, and Vermilion Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Suncor Energy with a $41.50 average price target, which is a 5.30% upside from current levels. In a report released on April 22, CIBC also maintained a Buy rating on the stock with a C$65.00 price target.
Based on Suncor Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $14.17 billion and a net profit of $2.82 billion. In comparison, last year the company earned a revenue of $11.88 billion and had a GAAP net loss of $1.81 billion
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SU in relation to earlier this year.
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Suncor Energy (SU) Company Description:
Suncor Energy, Inc. is a Canada-based integrated energy company which is specialized in producing synthetic crude from oil sands. The company also engages in exploration, acquisition, development, production, and marketing of crude oil in Canada and internationally. It also markets and trades in natural gas, crude oil, byproducts, refined products, and power.
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