Suncor Energy (TSE:SU) Price Target Raised to C$106.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price increased by equities research analysts at JPMorgan Chase & Co. from C$105.00 to C$106.00 in a note issued to investors on Tuesday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price target suggests a potential upside of 16.15% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. Scotia boosted their price target on shares of Suncor Energy from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 21st. TD Securities boosted their price target on shares of 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. Desjardins boosted their price target on shares of Suncor Energy from C$79.00 to C$85.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. TD boosted their price target on shares of Suncor Energy from C$91.00 to C$113.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, National Bank Financial boosted their price target on shares of Suncor Energy from C$85.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$93.13.

Suncor Energy Price Performance

Shares of TSE SU traded up C$2.18 during trading on Tuesday, hitting C$91.26. The company had a trading volume of 1,348,607 shares, compared to its average volume of 6,560,124. The stock has a fifty day simple moving average of C$86.48 and a two-hundred day simple moving average of C$72.41. Suncor Energy has a fifty-two week low of C$48.13 and a fifty-two week high of C$95.73. The firm has a market capitalization of C$108.32 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 0.15 and a beta of 0.37. The company has a quick ratio of 0.83, a current ratio of 1.42 and a debt-to-equity ratio of 32.36.

Suncor Energy (TSE:SU) (NYSE:SU) last announced 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 business had revenue of C$14.48 billion for the quarter. On average, research analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current year.

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.