According to The Fly, tD Securities analyst Menno Hulshof maintained a Buy rating on Suncor Energy Inc (SU) today. The company’s shares opened today at $29.53, close to its 52-week low of $29.25.
According to TipRanks.com, Hulshof has 0 stars on 0-5 star ranking scale with an average return of -17.0% and a 22.1% success rate. Hulshof covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Athabasca Oil Corporation, and Continental Resources.
Currently, the analyst consensus on Suncor Energy Inc is a Strong Buy with an average price target of $46, representing a 55.8% upside. In a report issued on December 12, Raymond James also reiterated a Buy rating on the stock.
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Based on Suncor Energy Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.39 billion. In comparison, last year the company had a net profit of $1.03 billion.
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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.
