Suncor Energy Inc. (SU) Sets New 52-Week High at $45.28
Suncor Energy Inc. (TSE:SU) (NYSE:SU)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$45.28 and last traded at C$45.24, with a volume of shares changing hands.
Several equities analysts recently commented on the company. National Bank Financial dropped their price objective on Suncor Energy from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Friday, October 13th. J P Morgan Chase & Co boosted their target price on shares of Suncor Energy from C$39.00 to C$42.00 in a report on Thursday, September 14th. CIBC boosted their target price on shares of Suncor Energy from C$50.00 to C$53.00 in a report on Tuesday, October 17th. TD Securities lowered their target price on shares of Suncor Energy from C$46.00 to C$45.00 and set a “buy” rating on the stock in a report on Thursday, July 27th. Finally, Barclays PLC boosted their target price on shares of Suncor Energy from C$49.00 to C$50.00 in a report on Friday, October 27th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Suncor Energy has a consensus rating of “Buy” and an average price target of C$49.17.
In other news, insider Michael Roderick Macsween sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of C$43.00, for a total value of C$860,000.00. Also, insider Steven Walter Williams purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was purchased at an average cost of C$39.39 per share, for a total transaction of C$39,390.00. In the last ninety days, insiders bought 3,539 shares of company stock worth $146,553.
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About Suncor Energy
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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