Analysts Set Suncor Energy Inc. (TSE:SU) Target Price at C$94.25

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$94.25.

SU has been the topic of several analyst reports. Gerdes Energy Research upgraded Suncor Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from C$93.00 to C$96.00 in a research report on Monday, June 29th. Jefferies Financial Group increased their price target on Suncor Energy from C$66.00 to C$82.00 in a research note on Monday, March 16th. TD lifted their price objective on shares of Suncor Energy from C$91.00 to C$113.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Canadian Imperial Bank of Commerce upped their price objective on shares of Suncor Energy from C$88.00 to C$92.00 in a report on Thursday, April 2nd. Finally, BMO Capital Markets increased their target price on shares of Suncor Energy from C$85.00 to C$100.00 in a research report on Wednesday, April 1st.

Suncor Energy Stock Performance

Shares of SU opened at C$79.83 on Thursday. The business’s fifty day moving average price is C$86.42 and its 200 day moving average price is C$79.42. Suncor Energy has a 12-month low of C$51.58 and a 12-month high of C$96.53. The stock has a market capitalization of C$94.26 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 0.15 and a beta of 0.17. 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 issued 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 firm had revenue of C$14.48 billion for the quarter. Equities research analysts forecast that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, June 4th. Suncor Energy’s dividend payout ratio is currently 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.