In a report released today, Jason Bouvier from Scotiabank maintained a Hold rating on Suncor Energy (SU – Research Report), with a price target of C$47.00. The company’s shares closed yesterday at $33.96.
Bouvier covers the Energy sector, focusing on stocks such as Suncor Energy, Baytex Energy, and Vermilion Energy. According to TipRanks, Bouvier has an average return of 18.2% and a 58.05% success rate on recommended stocks.
Currently, the analyst consensus on Suncor Energy is a Moderate Buy with an average price target of $41.51, which is a 22.23% upside from current levels. In a report released on January 1, Jefferies also maintained a Hold rating on the stock with a C$50.00 price target.
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Based on Suncor Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $13.9 billion and a net profit of $1.54 billion. In comparison, last year the company earned a revenue of $15.98 billion and had a GAAP net loss of $1.25 billion
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is neutral on the stock.
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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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