Suncor Energy (TSE:SU) Given a C$107.00 Price Target by Desjardins Analysts

Desjardins set a C$107.00 target price on Suncor Energy (TSE:SU) (NYSE:SU) in a research report released on Friday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research firms have also commented on SU. The Goldman Sachs Group lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. ATB Cormark Capital Markets raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. BMO Capital Markets lifted their price target on Suncor Energy from C$85.00 to C$100.00 in a research report on Wednesday, April 1st. Raymond James Financial boosted their price objective on Suncor Energy from C$76.00 to C$93.00 in a research note on Monday, March 30th. Finally, Gerdes Energy Research raised Suncor Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from C$93.00 to C$96.00 in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$95.62.

Suncor Energy Price Performance

Shares of SU opened at C$87.53 on Friday. Suncor Energy has a 52 week low of C$52.75 and a 52 week high of C$96.53. The company has a current ratio of 1.42, a quick ratio of 0.83 and a debt-to-equity ratio of 32.36. The firm has a market cap of C$103.35 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 0.15 and a beta of 0.17. The stock has a 50 day moving average of C$85.30 and a 200-day moving average of C$81.03.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$1.93 EPS for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. The firm had revenue of C$14.48 billion during the quarter. As a group, analysts forecast that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, June 4th. Suncor Energy’s dividend payout ratio is currently 44.49%.

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.