In a report released yesterday, Roger Read from Wells Fargo maintained a Buy rating on Suncor Energy (SU). The company’s shares closed last Thursday at $17.18.
According to TipRanks.com, Read is a 3-star analyst with an average return of 1.7% and a 48.5% success rate. Read covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Marathon Petroleum, and Delek US Holdings.
Currently, the analyst consensus on Suncor Energy is a Strong Buy with an average price target of $22.98, a 29.6% upside from current levels. In a report issued on July 10, Credit Suisse also maintained a Buy rating on the stock with a C$31.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $34.56 and a one-year low of $9.61. Currently, Suncor Energy has an average volume of 5.81M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 operates through the following business segments: Oil Sands; Exploration & Production; and Refining & Marketing. The Oil Sands segment refers to the operations in the Athabasca oil sands in Alberta to develop and produce synthetic crude oil and related products through the recovery and upgrading of bitumen from mining and in situ operations. The Exploration and Production segment includes offshore activity in East Coast Canada the exploration and production of crude oil and natural gas in the United Kingdom, Norway, Libya, and Syria, and exploration and production of natural gas and natural gas liquids in Western Canada. The Refining & Marketing segment is the refining of crude oil products and the distribution & marketing of these and other purchased products through retail stations located in Canada and the United State, as well as a lubricants plant located in Eastern Canada. The company was founded in 1917 and is headquartered in Calgary, Canada.
