Suncor Energy (TSE:SU) Price Target Raised to C$116.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective lifted by TD from C$113.00 to C$116.00 in a research report released on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued reports about the company. National Bank Financial lifted their price target on Suncor Energy from C$85.00 to C$118.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Raymond James Financial upped their price objective on Suncor Energy from C$76.00 to C$93.00 in a research note on Monday, March 30th. ATB Cormark Capital Markets raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. BMO Capital Markets increased their price target on shares of Suncor Energy from C$85.00 to C$100.00 in a research report on Wednesday, April 1st. Finally, TD Securities raised their price objective on shares of Suncor Energy from C$81.00 to C$91.00 and gave the stock a “buy” rating in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$95.88.

Suncor Energy Trading Down 0.7%

TSE:SU opened at C$92.85 on Wednesday. Suncor Energy has a 52 week low of C$52.95 and a 52 week high of C$96.53. The firm has a 50-day moving average price of C$85.27 and a two-hundred day moving average price of C$82.07. The company has a debt-to-equity ratio of 32.36, a quick ratio of 0.83 and a current ratio of 1.42. The firm has a market cap of C$109.63 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 0.15 and a beta of 0.17.

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

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. 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.