Suncor Energy (TSE:SU) Price Target Raised to C$35.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by JPMorgan Chase & Co. from C$33.00 to C$35.00 in a report issued on Tuesday, Price Targets.com reports. The brokerage currently has a na rating on the stock.

SU has been the topic of a number of other reports. CSFB set a C$35.00 target price on Suncor Energy and gave the stock an outperform rating in a research note on Monday, February 22nd. Raymond James reissued an outperform rating and issued a C$35.00 target price on shares of Suncor Energy in a research note on Thursday, May 27th. Tudor Pickering reaffirmed a buy rating and set a C$28.00 price target on shares of Suncor Energy in a report on Thursday, May 27th. Evercore ISI upped their price target on Suncor Energy to C$31.00 and gave the company a na rating in a report on Monday. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price target on Suncor Energy from C$27.00 to C$30.00 and gave the company a neutral rating in a report on Friday, May 28th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of C$31.24.

Shares of SU stock opened at C$30.16 on Tuesday. Suncor Energy has a twelve month low of C$14.28 and a twelve month high of C$31.07. The stock has a market capitalization of C$45.44 billion and a PE ratio of 1,675.56. The business has a fifty day moving average price of C$27.53. The company has a debt-to-equity ratio of 56.69, a quick ratio of 0.64 and a current ratio of 1.09.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Monday, May 3rd. The company reported C$0.49 EPS for the quarter, missing analysts’ consensus estimates of C$0.55 by C($0.06). The firm had revenue of C$8.64 billion during the quarter, compared to analysts’ expectations of C$7.90 billion. As a group, equities research analysts predict that Suncor Energy will post 2.6008485 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Shareholders of record on Friday, June 4th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, June 3rd. Suncor Energy’s dividend payout ratio is 4,666.67%.

In related news, Senior Officer Mark Stephen Little acquired 17,250 shares of the firm’s stock in a transaction dated Tuesday, June 1st. The shares were purchased at an average price of C$28.98 per share, with a total value of C$499,922.25. Following the completion of the purchase, the insider now directly owns 76,505 shares of the company’s stock, valued at C$2,217,191.41.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.

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Analyst Recommendations for Suncor Energy (TSE:SU)

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