Suncor Energy Inc. (TSE:SU) (NYSE:SU) hit a new 52-week high during trading on Tuesday . The company traded as high as C$46.68 and last traded at C$46.65, with a volume of 1523558 shares changing hands. The stock had previously closed at C$46.15.
SU has been the subject of a number of recent research reports. Barclays increased their price objective on Suncor Energy from C$47.00 to C$49.00 in a research report on Tuesday, October 10th. JPMorgan Chase & Co. increased their target price on Suncor Energy from C$39.00 to C$42.00 in a report on Thursday, September 14th. CIBC increased their target price on Suncor Energy from C$50.00 to C$53.00 in a report on Tuesday, October 17th. Royal Bank of Canada increased their target price on Suncor Energy from C$47.00 to C$48.00 in a report on Thursday, November 16th. Finally, BMO Capital Markets increased their target price on Suncor Energy from C$50.00 to C$52.00 in a report on Thursday, November 16th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Suncor Energy presently has a consensus rating of “Buy” and a consensus target price of C$49.00.
The company has a market cap of $77,490.00, a PE ratio of 21.37 and a beta of 0.48.
In related news, insider Mark Stephen Little sold 1,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of C$45.51, for a total value of C$45,510.00. Also, insider Michael Roderick Macsween sold 55,000 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of C$46.00, for a total transaction of C$2,530,000.00. Insiders have sold 56,100 shares of company stock worth $2,580,074 over the last three months.
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About Suncor Energy
Suncor Energy Inc is a Canada-based 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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