The Materials sector company, Suncor Energy (SU), has received a rating update from a Wall Street analyst on May 3. Analyst Michael Dunn from GMP FirstEnergy rated Suncor Energy (SU) a Hold on May 3, setting a C$48 price target.
According to TipRanks.com, Dunn has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.1% and a 36.0% success rate. Dunn covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, PrairieSky Royalty Ltd, and Birchcliff Energy Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Suncor Energy with a C$56.67 average price target.
Based on Suncor Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$8.98 billion and net profit of C$1.47 billion. In comparison, last year the company earned revenue of C$8.81 billion and had a net profit of C$789 million.
Suncor Energy, Inc. is an integrated energy company, which develops petroleum resource basins. Its activities include oil sands development, and upgrading, onshore and offshore oil and gas production, petroleum refining, and product marketing.
The company’s shares closed on Tuesday at C$42.95.
