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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$93.13.

Several brokerages recently commented on SU. Canadian Imperial Bank of Commerce increased their price objective on shares of Suncor Energy from C$88.00 to C$92.00 in a research report on Thursday, April 2nd. JPMorgan Chase & Co. increased their price objective on shares of Suncor Energy from C$105.00 to C$106.00 in a research report on Tuesday, May 12th. Raymond James Financial increased their price objective on shares of Suncor Energy from C$76.00 to C$93.00 in a research report on Monday, March 30th. Desjardins increased their price objective on shares of Suncor Energy from C$79.00 to C$85.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Jefferies Financial Group increased their price objective on shares of Suncor Energy from C$66.00 to C$82.00 in a research report on Monday, March 16th.

Suncor Energy Stock Up 1.9%

Shares of Suncor Energy stock opened at C$95.81 on Wednesday. Suncor Energy has a 1 year low of C$48.13 and a 1 year high of C$96.53. The company has a 50-day moving average of C$88.26 and a 200 day moving average of C$73.99. The firm has a market cap of C$113.13 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 0.15 and a beta of 0.37. 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 announced its quarterly earnings data on Tuesday, May 5th. The company reported C$1.93 EPS for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. The company had revenue of C$14.48 billion for the quarter. As a group, sell-side analysts anticipate that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, March 4th. Suncor Energy’s dividend payout ratio is 44.49%.

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.