Suncor Energy (TSE:SU) Price Target Raised to C$95.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price hoisted by ATB Cormark Capital Markets from C$71.00 to C$95.00 in a report published on Friday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial upped their price objective on Suncor Energy from C$73.00 to C$76.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Desjardins raised their target price on Suncor Energy from C$79.00 to C$85.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Royal Bank Of Canada boosted their target price on Suncor Energy from C$69.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. TD Securities upped their price target on Suncor Energy from C$74.00 to C$81.00 in a research note on Wednesday, February 4th. Finally, BMO Capital Markets increased their price target on shares of Suncor Energy from C$69.00 to C$85.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$77.57.

Suncor Energy Price Performance

Shares of TSE:SU opened at C$92.50 on Friday. Suncor Energy has a 1-year low of C$43.59 and a 1-year high of C$92.56. The firm has a market capitalization of C$109.79 billion, a PE ratio of 19.07, a PEG ratio of 0.15 and a beta of 0.75. The company has a current ratio of 1.39, a quick ratio of 0.83 and a debt-to-equity ratio of 40.74. The business’s 50 day moving average is C$77.38 and its 200-day moving average is C$65.89.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, February 3rd. The company reported C$1.10 EPS for the quarter. The company had revenue of C$12.04 billion during the quarter. Suncor Energy had a net margin of 12.10% and a return on equity of 13.17%. Sell-side analysts predict that Suncor Energy will post 4.4208333 earnings per share for the current year.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. Suncor Energy’s dividend payout ratio is presently 47.63%.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.