Suncor Energy (TSE:SU) Price Target Raised to C$105.00 at BMO Capital Markets

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective raised by stock analysts at BMO Capital Markets from C$100.00 to C$105.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 18.10% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Scotia upped their target price on Suncor Energy from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a report on Tuesday, April 21st. Gerdes Energy Research lowered Suncor Energy from a “buy” rating to a “neutral” rating and increased their price target for the company from C$96.00 to C$97.00 in a research report on Wednesday, July 22nd. Desjardins set a C$107.00 price target on Suncor Energy and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, The Goldman Sachs Group downgraded Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$96.19.

Suncor Energy Price Performance

Shares of TSE SU traded down C$1.88 during midday trading on Wednesday, reaching C$88.91. The company’s stock had a trading volume of 1,828,573 shares, compared to its average volume of 6,294,596. Suncor Energy has a one year low of C$52.95 and a one year high of C$96.53. The company has a market cap of C$104.98 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 0.15 and a beta of 0.17. The company has a 50 day moving average price of C$85.18 and a 200 day moving average price of C$83.57. The company has a current ratio of 1.42, a quick ratio of 0.83 and a debt-to-equity ratio of 32.36.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, August 4th. The company reported C$3.17 earnings per share for the quarter. The firm had revenue of C$17.50 billion during the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. On average, equities research analysts expect that Suncor Energy will post 4.4208333 EPS for the current year.

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.