Suncor Energy Inc. (SU) Given New C$53.00 Price Target at CIBC

Suncor Energy Inc. (TSE:SU) (NYSE:SU) had its price target increased by CIBC from C$50.00 to C$53.00 in a report released on Tuesday.

A number of other brokerages also recently weighed in on SU. National Bank Financial reaffirmed an outperfrom under weight rating on shares of Suncor Energy in a research note on Monday, June 26th. AltaCorp Capital downgraded shares of Suncor Energy from an outperform rating to a sector perform rating in a research note on Friday, July 28th. Barclays PLC raised their target price on shares of Suncor Energy from C$47.00 to C$49.00 in a research note on Tuesday, October 10th. TD Securities decreased their target price on shares of Suncor Energy from C$46.00 to C$45.00 and set a buy rating for the company in a research note on Thursday, July 27th. Finally, J P Morgan Chase & Co raised their target price on shares of Suncor Energy from C$39.00 to C$42.00 in a research note on Thursday, September 14th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of C$48.92.

Shares of Suncor Energy (TSE:SU) opened at 42.26 on Tuesday. The company has a market capitalization of $70.12 billion and a price-to-earnings ratio of 26.15. The company has a 50-day moving average price of $41.65 and a 200-day moving average price of $40.81. Suncor Energy has a 12 month low of $36.09 and a 12 month high of $44.90.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Wednesday, July 26th. The company reported C$0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.23 by C($0.11). Suncor Energy had a return on equity of 3.86% and a net margin of 6.00%. The company had revenue of C$7.26 billion during the quarter, compared to analysts’ expectations of C$7.41 billion. On average, equities analysts anticipate that Suncor Energy will post $1.29 EPS for the current year.

WARNING: This story was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://ledgergazette.com/2017/10/18/suncor-energy-inc-su-given-new-c53-00-price-target-at-cibc.html.

The business also recently announced a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Friday, September 1st.

In other Suncor Energy news, insider Michael Roderick Macsween sold 20,000 shares of Suncor Energy stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of C$43.00, for a total value of C$860,000.00. Also, Director Jacynthe Cote bought 2,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The s

A number of other brokerages also recently weighed in on SU. National Bank Financial reaffirmed an outperfrom under weight rating on shares of Suncor Energy in a research note on Monday, June 26th. AltaCorp Capital downgraded shares of Suncor Energy from an outperform rating to a sector perform rating in a research note on Friday, July 28th. Barclays PLC raised their target price on shares of Suncor Energy from C$47.00 to C$49.00 in a research note on Tuesday, October 10th. TD Securities decreased their target price on shares of Suncor Energy from C$46.00 to C$45.00 and set a buy rating for the company in a research note on Thursday, July 27th. Finally, J P Morgan Chase & Co raised their target price on shares of Suncor Energy from C$39.00 to C$42.00 in a research note on Thursday, September 14th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of C$48.92.

Shares of Suncor Energy (TSE:SU) opened at 42.26 on Tuesday. The company has a market capitalization of $70.12 billion and a price-to-earnings ratio of 26.15. The company has a 50-day moving average price of $41.65 and a 200-day moving average price of $40.81. Suncor Energy has a 12 month low of $36.09 and a 12 month high of $44.90.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Wednesday, July 26th. The company reported C$0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.23 by C($0.11). Suncor Energy had a return on equity of 3.86% and a net margin of 6.00%. The company had revenue of C$7.26 billion during the quarter, compared to analysts’ expectations of C$7.41 billion. On average, equities analysts anticipate that Suncor Energy will post $1.29 EPS for the current year.

WARNING: This story was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://ledgergazette.com/2017/10/18/suncor-energy-inc-su-given-new-c53-00-price-target-at-cibc.html.

The business also recently announced a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Friday, September 1st.

In other Suncor Energy news, insider Michael Roderick Macsween sold 20,000 shares of Suncor Energy stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of C$43.00, for a total value of C$860,000.00. Also, Director Jacynthe Cote bought 2,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was bought at an average cost of C$41.78 per share, with a total value of C$83,560.00.

Suncor Energy Company Profile

Suncor Energy Inc (Suncor) is an 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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