Suncor Energy (TSE:SU) Price Target Raised to C$90.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target raised by Scotia from C$85.00 to C$90.00 in a research note published on Tuesday morning,BayStreet.CA reports. Scotia currently has a sector perform rating on the stock.

Other equities analysts have also recently issued reports about the stock. Scotiabank lifted their target price on shares of Suncor Energy from C$80.00 to C$85.00 in a report on Wednesday, April 1st. BMO Capital Markets increased their price target on shares of Suncor Energy from C$85.00 to C$100.00 in a research note on Wednesday, April 1st. ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. 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. Finally, National Bank Financial lifted their price objective on shares of Suncor Energy from C$85.00 to C$118.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and an average target price of C$93.06.

Suncor Energy Stock Up 2.0%

Suncor Energy stock opened at C$88.48 on Tuesday. The company has a market capitalization of C$105.02 billion, a P/E ratio of 18.24, a PEG ratio of 0.15 and a beta of 0.23. The company has a debt-to-equity ratio of 40.74, a quick ratio of 0.83 and a current ratio of 1.39. Suncor Energy has a fifty-two week low of C$46.34 and a fifty-two week high of C$94.34. The stock has a 50-day simple moving average of C$83.84 and a 200-day simple moving average of C$69.81.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, February 3rd. The company reported C$1.10 earnings per share (EPS) for the quarter. Suncor Energy had a return on equity of 13.17% and a net margin of 12.10%.The firm had revenue of C$12.04 billion for the quarter. Equities research analysts expect 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. Investors of record on Wednesday, March 25th were paid a $0.60 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $2.40 dividend on an annualized basis and a dividend 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.