Suncor Energy (TSE:SU) Upgraded to Moderate Buy at Desjardins

Desjardins upgraded shares of Suncor Energy (TSE:SU) (NYSE:SU) to a moderate buy rating in a report published on Thursday morning,Zacks.com reports.

Other analysts also recently issued research reports about the company. Royal Bank Of Canada lifted their target price on Suncor Energy from C$89.00 to C$100.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. TD increased their price target on Suncor Energy from C$91.00 to C$113.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. TD Securities raised their price target on Suncor Energy from C$81.00 to C$91.00 and gave the company a “buy” rating in a report on Wednesday, April 1st. Raymond James Financial raised their target price on shares of Suncor Energy from C$76.00 to C$93.00 in a research note on Monday, March 30th. Finally, Scotia boosted their price target on shares of Suncor Energy from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$95.62.

Suncor Energy Trading Up 2.6%

Suncor Energy stock opened at C$87.53 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.42 and a debt-to-equity ratio of 32.36. The firm has a 50-day moving average price of C$85.30 and a two-hundred day moving average price of C$81.03. The firm has a market capitalization 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. Suncor Energy has a 52-week low of C$52.75 and a 52-week high of C$96.53.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results 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 company had revenue of C$14.48 billion for the quarter. Sell-side analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current year.

Suncor Energy Announces Dividend

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