Suncor Energy Inc. (SU) Sets New 52-Week High at $45.28

Suncor Energy Inc. (TSE:SU) (NYSE:SU) shares reached a new 52-week high on Friday . The stock traded as high as C$45.28 and last traded at C$45.24, with a volume of shares.

Several research firms recently weighed in on SU. Barclays PLC lifted their price objective on shares of Suncor Energy from C$49.00 to C$50.00 in a research note on Friday, October 27th. TD Securities lifted their price objective on shares of Suncor Energy from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Royal Bank Of Canada lifted their price objective on shares of Suncor Energy from C$45.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. AltaCorp Capital lowered shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 28th. Finally, J P Morgan Chase & Co lifted their price objective on shares of Suncor Energy from C$39.00 to C$42.00 in a research note on Thursday, September 14th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$49.17.

In other news, insider Steven Walter Williams acquired 1,000 shares of Suncor Energy stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average price of C$39.39 per share, for a total transaction of C$39,390.00. Also, insider Michael Roderick Macsween sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of C$43.00, for a total transaction of C$860,000.00. Insiders purchased 3,539 shares of company stock worth $146,553 in the last three months.

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Suncor Energy Company Profile

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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