Analysts Set Suncor Energy Inc. (TSE:SU) PT at C$93.13

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$93.13.

Several research firms recently issued reports on SU. Jefferies Financial Group raised their target price on shares of Suncor Energy from C$66.00 to C$82.00 in a research report on Monday, March 16th. Scotiabank raised their target price on shares of Suncor Energy from C$80.00 to C$85.00 in a research report on Wednesday, April 1st. National Bank Financial raised their target price on shares of Suncor Energy from C$85.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Wells Fargo & Company lifted their price target on shares of Suncor Energy from C$74.00 to C$97.00 in a research report on Wednesday, April 1st. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Suncor Energy from C$88.00 to C$92.00 in a research report on Thursday, April 2nd.

Suncor Energy Price Performance

SU opened at C$86.01 on Friday. The company’s 50 day simple moving average is C$89.39 and its 200 day simple moving average is C$77.54. The company has a debt-to-equity ratio of 32.36, a quick ratio of 0.83 and a current ratio of 1.42. Suncor Energy has a 1 year low of C$50.97 and a 1 year high of C$96.53. The stock has a market capitalization of C$101.56 billion, a PE ratio of 16.35, a P/E/G ratio of 0.15 and a beta of 0.14.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results 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 for the quarter. As a group, sell-side analysts expect that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, June 4th. Suncor Energy’s payout ratio 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.