Suncor Energy (TSE:SU) Price Target Raised to C$97.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective lifted by equities researchers at Wells Fargo & Company from C$74.00 to C$97.00 in a research report issued on Wednesday,BayStreet.CA reports. Wells Fargo & Company‘s price target points to a potential upside of 8.61% from the stock’s current price.

A number of other equities research analysts also recently commented on SU. Royal Bank Of Canada raised their price objective on shares of Suncor Energy from C$69.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. ATB Cormark Capital Markets increased their target price on Suncor Energy from C$71.00 to C$95.00 and gave the stock a “sector perform” rating in a research note on Friday, March 27th. Canadian Imperial Bank of Commerce raised their price target on Suncor Energy from C$70.00 to C$88.00 in a report on Monday, March 2nd. National Bank Financial lifted their price target on Suncor Energy from C$85.00 to C$118.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Scotiabank upped their price objective on Suncor Energy from C$62.00 to C$70.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$87.86.

Suncor Energy Stock Performance

Suncor Energy stock traded down C$2.70 during trading hours on Wednesday, reaching C$89.31. 2,949,539 shares of the stock were exchanged, compared to its average volume of 7,509,439. The stock has a market cap of C$106.00 billion, a P/E ratio of 18.41, a P/E/G ratio of 0.15 and a beta of 0.75. 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 52-week low of C$43.59 and a 52-week high of C$94.34. The firm’s 50 day moving average is C$78.30 and its 200 day moving average is C$66.37.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, February 3rd. The company reported C$1.10 earnings per share for the quarter. The business had revenue of C$12.04 billion for the quarter. Suncor Energy had a net margin of 12.10% and a return on equity of 13.17%. Analysts predict that Suncor Energy will post 4.4208333 EPS for the current fiscal 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.