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

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective increased by JPMorgan Chase & Co. from C$79.00 to C$105.00 in a report issued on Tuesday morning,BayStreet.CA reports.

Several other analysts have also recently weighed in on the stock. Scotiabank raised their target price on shares of Suncor Energy from C$80.00 to C$85.00 in a report on Wednesday, April 1st. TD Securities lifted their price target on Suncor Energy from C$81.00 to C$91.00 and gave the stock a “buy” rating in a research report on Wednesday, April 1st. Jefferies Financial Group boosted their price objective on shares of Suncor Energy from C$66.00 to C$82.00 in a research note on Monday, March 16th. Wells Fargo & Company upped their price objective on Suncor Energy from C$74.00 to C$97.00 in a report on Wednesday, April 1st. Finally, Raymond James Financial upped their target price on shares of Suncor Energy from C$76.00 to C$93.00 in a research report on Monday, March 30th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$93.27.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at C$87.37 on Tuesday. The business’s fifty day simple moving average is C$82.72 and its 200-day simple moving average is C$68.84. Suncor Energy has a 52 week low of C$46.34 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. The firm has a market cap of C$103.70 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 0.15 and a beta of 0.23.

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

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 25th were issued a $0.60 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $2.40 annualized dividend and a yield of 2.7%. Suncor Energy’s payout ratio is 47.63%.

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.