Analysts Set Suncor Energy Inc. (TSE:SU) PT at C$93.27

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$93.06.

SU has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on Suncor Energy from C$74.00 to C$97.00 in a research note on Wednesday, April 1st. JPMorgan Chase & Co. lifted their price objective on Suncor Energy from C$79.00 to C$105.00 in a research note on Tuesday, April 14th. Raymond James Financial lifted their price objective on Suncor Energy from C$76.00 to C$93.00 in a research note on Monday, March 30th. Canadian Imperial Bank of Commerce lifted their price objective on Suncor Energy from C$88.00 to C$92.00 in a research note on Thursday, April 2nd. Finally, Jefferies Financial Group lifted their price objective on Suncor Energy from C$66.00 to C$82.00 in a research note on Monday, March 16th.

Suncor Energy Stock Down 1.0%

SU stock opened at C$87.56 on Friday. Suncor Energy has a fifty-two week low of C$46.34 and a fifty-two week high of C$94.34. The business’s 50 day moving average price is C$84.07 and its two-hundred day moving average price is C$70.01. The company has a debt-to-equity ratio of 40.74, a quick ratio of 0.83 and a current ratio of 1.39. The company has a market capitalization of C$103.93 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 0.15 and a beta of 0.23.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Tuesday, February 3rd. The company reported C$1.10 earnings per share for the quarter. The firm had revenue of C$12.04 billion for the quarter. Suncor Energy had a return on equity of 13.17% and a net margin of 12.10%. As a group, analysts forecast that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 25th were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, March 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. Suncor Energy’s 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.