BMO Capital Markets Forecasts Strong Price Appreciation for Suncor Energy (TSE:SU) Stock

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective raised by BMO Capital Markets from C$85.00 to C$100.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 11.97% from the stock’s previous close.

SU has been the topic of a number of other research reports. TD Securities lifted their target price on Suncor Energy from C$74.00 to C$81.00 in a research report on Wednesday, February 4th. Wells Fargo & Company raised their price target on Suncor Energy from C$74.00 to C$97.00 in a research note on Wednesday. Jefferies Financial Group lifted their price target on Suncor Energy from C$66.00 to C$82.00 in a research report on Monday, March 16th. Royal Bank Of Canada boosted their price objective on Suncor Energy from C$75.00 to C$89.00 in a research note on Wednesday. Finally, Raymond James Financial increased their price objective on 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$87.86.

Suncor Energy Stock Down 2.9%

Shares of TSE SU traded down C$2.70 during mid-day trading on Wednesday, reaching C$89.31. The company had a trading volume of 2,949,539 shares, compared to its average volume of 7,509,439. 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 firm has a 50 day simple moving average of C$78.30 and a two-hundred day simple moving average of C$66.37. The stock has a market cap of C$106.00 billion, a P/E ratio of 18.41, a PEG ratio of 0.15 and a beta of 0.75. 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 results on Tuesday, February 3rd. The company reported C$1.10 EPS for the quarter. Suncor Energy had a net margin of 12.10% and a return on equity of 13.17%. The firm had revenue of C$12.04 billion for the quarter. Sell-side analysts predict that Suncor Energy will post 4.4208333 earnings per share for the current 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.