Suncor Energy (TSE:SU) Price Target Raised to C$100.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price upped by equities researchers at BMO Capital Markets from C$85.00 to C$100.00 in a note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 11.97% from the stock’s previous close.

SU has been the topic of several other research reports. Scotiabank upped their price target on Suncor Energy from C$80.00 to C$85.00 in a report on Wednesday. Royal Bank Of Canada lifted their price objective on Suncor Energy from C$75.00 to C$89.00 in a research note on Wednesday. National Bank Financial boosted their price objective on Suncor Energy from C$85.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Tuesday. TD Securities upped their target price on shares of Suncor Energy from C$74.00 to C$81.00 in a research note on Wednesday, February 4th. Finally, Raymond James Financial raised their target price on shares of Suncor Energy from C$76.00 to C$93.00 in a report on Monday. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$87.86.

Suncor Energy Stock Down 2.9%

SU stock traded down C$2.70 during midday trading on Wednesday, hitting C$89.31. The company’s stock had a trading volume of 2,949,539 shares, compared to its average volume of 7,509,439. The firm has a 50-day simple moving average of C$78.30 and a 200-day simple moving average of C$66.37. The firm has a market capitalization of C$106.00 billion, a P/E ratio of 18.41, a PEG ratio of 0.15 and a beta of 0.75. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 40.74. Suncor Energy has a 52-week low of C$43.59 and a 52-week high of C$94.34.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported C$1.10 earnings per share (EPS) for the quarter. The business had revenue of C$12.04 billion for the quarter. Suncor Energy had a return on equity of 13.17% and a net margin of 12.10%. As a group, equities analysts forecast 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.