Suncor Energy (TSE:SU) Price Target Raised to C$105.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective boosted by BMO Capital Markets from C$100.00 to C$105.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Suncor Energy from C$105.00 to C$106.00 in a research report on Tuesday, May 12th. TD boosted their price target on shares of Suncor Energy from C$113.00 to C$116.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Desjardins set a C$107.00 price target on shares of Suncor Energy and gave the company a “buy” rating in a research report on Friday, July 17th. Scotiabank raised shares of Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Gerdes Energy Research lowered shares of Suncor Energy from a “buy” rating to a “neutral” rating and raised their price objective for the stock from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$97.19.

Suncor Energy Stock Performance

Shares of TSE:SU opened at C$83.83 on Wednesday. The business’s fifty day moving average price is C$85.11 and its two-hundred day moving average price is C$83.83. Suncor Energy has a fifty-two week low of C$52.96 and a fifty-two week high of C$96.53. The stock has a market capitalization of C$98.98 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18. The company has a debt-to-equity ratio of 32.36, a current ratio of 1.42 and a quick ratio of 0.83.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Tuesday, August 4th. The company reported C$3.23 earnings per share (EPS) for the quarter. Suncor Energy had a return on equity of 14.01% and a net margin of 12.17%.The company had revenue of C$17.50 billion during the quarter. As a group, analysts predict that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were paid a $0.60 dividend. The ex-dividend date was Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.9%. Suncor Energy’s dividend payout ratio (DPR) is 44.49%.

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.