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Suncor: How Analysts Are Rating the Stock after Earnings

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Majority of analysts rate Suncor a “buy”

An analyst survey shows that six out of eight companies surveyed rated Suncor Energy (SU) an “overweight” or “outperform.” The highest and lowest 12-month price targets stand at $38 and $24, indicating a 29% rise and a 19% fall from its current levels, respectively. Only GMP FirstEnergy gave SU a “reduce” rating. The average price target, at $33, implies an 11% gain.

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Analyst ratings for peers

Statoil (STO), PetroChina (PTR), and Cenovus Energy (CVE) have been rated “buys” by 33%, 50%, and 48% of analysts surveyed, respectively.

The iShares North American Natural Resources ETF (IGE) has ~22% exposure to integrated energy stocks.

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