Suncor Energy Inc. (TSE:SU) Receives C$75.86 Consensus Price Target from Analysts

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$78.79.

Several analysts have recently weighed in on SU shares. Canadian Imperial Bank of Commerce raised their target price on Suncor Energy from C$70.00 to C$88.00 in a research note on Monday, March 2nd. Royal Bank Of Canada raised their price objective on Suncor Energy from C$69.00 to C$75.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Scotiabank lifted their price objective on Suncor Energy from C$62.00 to C$70.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. BMO Capital Markets upped their target price on Suncor Energy from C$69.00 to C$85.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, TD Securities increased their target price on Suncor Energy from C$74.00 to C$81.00 in a research note on Wednesday, February 4th.

Suncor Energy Stock Down 0.6%

Shares of TSE:SU opened at C$91.94 on Tuesday. The company has a market capitalization of C$109.12 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75. The company has a 50 day moving average of C$77.83 and a two-hundred day moving average of C$66.13. Suncor Energy has a 52-week low of C$43.59 and a 52-week high of C$94.34. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 40.74.

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

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $2.40 annualized dividend and a yield of 2.6%. Suncor Energy’s dividend payout ratio is currently 47.63%.

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.