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Tudor Pickering Believes Suncor Energy (SU) Won’t Stop Here

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Tudor Pickering analyst Tudor Pickering maintained a Buy rating on Suncor Energy (SUResearch Report) yesterday and set a price target of C$42.00. The company’s shares closed last Wednesday at $28.38, close to its 52-week high of $29.25.

Suncor Energy has an analyst consensus of Strong Buy, with a price target consensus of $35.25, implying a 22.0% upside from current levels. In a report issued on January 10, Bank of America Securities also initiated coverage with a Buy rating on the stock with a C$44.00 price target.

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Suncor Energy’s market cap is currently $41.42B and has a P/E ratio of 22.11.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SU in relation to earlier this year.

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 a Canada-based integrated energy company which is specialized in producing synthetic crude from oil sands. The company also engages in exploration, acquisition, development, production, and marketing of crude oil in Canada and internationally. It also markets and trades in natural gas, crude oil, byproducts, refined products, and power.

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