Suncor Energy (TSE:SU) Stock Rating Upgraded by Desjardins

Suncor Energy (TSE:SU) (NYSE:SU) was upgraded by analysts at Desjardins to a “moderate buy” rating in a research note issued on Thursday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company lifted their price target on shares of Suncor Energy from C$74.00 to C$97.00 in a report on Wednesday, April 1st. Gerdes Energy Research raised Suncor Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from C$93.00 to C$96.00 in a research report on Monday, June 29th. TD upped their price target on Suncor Energy from C$91.00 to C$113.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. ATB Cormark Capital Markets upgraded Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Finally, Royal Bank Of Canada increased their target price on shares of Suncor Energy from C$89.00 to C$100.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$95.62.

Suncor Energy Stock Performance

Suncor Energy stock opened at C$87.53 on Thursday. The business has a 50 day moving average of C$85.30 and a 200-day moving average of C$81.03. Suncor Energy has a 1 year low of C$52.75 and a 1 year high of C$96.53. The company has a debt-to-equity ratio of 32.36, a current ratio of 1.42 and a quick ratio of 0.83. The company has a market capitalization of C$103.35 billion, a P/E ratio of 16.64, a P/E/G ratio of 0.15 and a beta of 0.17.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$1.93 earnings per share (EPS) for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. The business had revenue of C$14.48 billion during the quarter. On average, equities research analysts predict that Suncor Energy will post 4.4208333 earnings per share for the current year.

Suncor Energy Company Profile

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.