Analysts Set Suncor Energy Inc. (TSE:SU) Target Price at C$93.13

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has earned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$93.13.

Several analysts have weighed in on SU shares. Canadian Imperial Bank of Commerce raised their price target on Suncor Energy from C$88.00 to C$92.00 in a report on Thursday, April 2nd. National Bank Financial raised their price target on Suncor Energy from C$85.00 to C$118.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Raymond James Financial raised their price target on Suncor Energy from C$76.00 to C$93.00 in a report on Monday, March 30th. Scotiabank boosted their price target on shares of Suncor Energy from C$80.00 to C$85.00 in a research note on Wednesday, April 1st. Finally, Jefferies Financial Group boosted their price target on shares of Suncor Energy from C$66.00 to C$82.00 in a research note on Monday, March 16th.

Suncor Energy Trading Up 2.5%

Shares of Suncor Energy stock opened at C$93.99 on Wednesday. The company’s 50-day moving average price is C$87.58 and its 200-day moving average price is C$73.32. 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 has a 12-month low of C$48.13 and a 12-month high of C$95.73. The company has a market cap of C$111.56 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 0.15 and a beta of 0.37.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$1.93 EPS for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. The company had revenue of C$14.48 billion during the quarter. On average, equities analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 25th were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, March 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. Suncor Energy’s dividend payout ratio (DPR) is presently 44.49%.

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.