In a report released on January 12, Gregory Pardy from RBC Capital maintained a Buy rating on Suncor Energy (SU – Research Report), with a price target of C$51.00. The company’s shares closed last Friday at $32.78.
Pardy covers the Energy sector, focusing on stocks such as Cenovus Energy, MEG Energy, and Baytex Energy. According to TipRanks, Pardy has an average return of 21.7% and a 59.51% success rate on recommended stocks.
In addition to RBC Capital, Suncor Energy also received a Buy from National Bank’s Travis Wood in a report issued on January 10. However, on January 4, Scotiabank maintained a Hold rating on Suncor Energy (NYSE: SU).
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SU market cap is currently $42.46B and has a P/E ratio of 7.13.
Based on the recent corporate insider activity of 22 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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