Wells Fargo (NYSE:WFC) analyst Roger Read maintained a Hold rating on Suncor Energy (NYSE:SU) on Monday, setting a price target of $28, which is approximately 17.80% above the present share price of $23.77.
Read expects Suncor Energy to post earnings per share (EPS) of $0.54 for the second quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Strong Buy rating of shares in Suncor Energy, with an average price target of $30.09.
The analysts price targets range from a high of $34.13 to a low of $26.81.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $8.68 billion and a net profit of $1.24 billion. The company's market cap is $35.81 billion.
According to TipRanks.com, Wells Fargo analyst Roger Read is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 14.4% and a 63.45% success rate.
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.