ATB Cormark Capital Markets Increases Suncor Energy (TSE:SU) Price Target to C$95.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target hoisted by equities research analysts at ATB Cormark Capital Markets from C$71.00 to C$95.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential upside of 3.13% from the company’s previous close.

Several other equities analysts have also recently issued reports on SU. Canadian Imperial Bank of Commerce upped their price target on shares of Suncor Energy from C$70.00 to C$88.00 in a research report on Monday, March 2nd. Raymond James Financial boosted their price objective on shares of Suncor Energy from C$73.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Royal Bank Of Canada increased their price objective on Suncor Energy from C$69.00 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Scotiabank increased their price target on Suncor Energy from C$62.00 to C$70.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Finally, BMO Capital Markets lifted their price objective on Suncor Energy from C$69.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$77.57.

Suncor Energy Price Performance

SU traded up C$2.06 on Friday, reaching C$92.12. The stock had a trading volume of 1,582,661 shares, compared to its average volume of 7,532,577. The company has a current ratio of 1.39, a quick ratio of 0.83 and a debt-to-equity ratio of 40.74. The company has a market capitalization of C$109.34 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75. Suncor Energy has a fifty-two week low of C$43.59 and a fifty-two week high of C$92.44. The firm has a 50-day moving average of C$76.91 and a 200-day moving average of C$65.52.

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 for the quarter. Suncor Energy had a return on equity of 13.17% and a net margin of 12.10%.The company had revenue of C$12.04 billion for the quarter. As a group, sell-side analysts anticipate that Suncor Energy will post 4.4208333 EPS 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.