Suncor Energy (TSE:SU) Upgraded to Moderate Buy at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Suncor Energy (TSE:SU) (NYSE:SU) from a hold rating to a moderate buy rating in a research report released on Wednesday morning,Zacks.com reports.

Several other analysts have also recently weighed in on SU. Canadian Imperial Bank of Commerce boosted their price objective on Suncor Energy from C$70.00 to C$88.00 in a report on Monday, March 2nd. Royal Bank Of Canada lifted their price target on shares of Suncor Energy from C$75.00 to C$89.00 in a research report on Wednesday. TD Securities increased their price objective on shares of Suncor Energy from C$81.00 to C$91.00 and gave the company a “buy” rating in a report on Wednesday. Desjardins raised their price objective on shares of Suncor Energy from C$79.00 to C$85.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, National Bank Financial lifted their target price on shares of Suncor Energy from C$85.00 to C$118.00 and gave the stock an “outperform” rating in a report on Tuesday. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$87.86.

Suncor Energy Price Performance

Shares of SU stock opened at C$90.29 on Wednesday. Suncor Energy has a 1 year low of C$43.59 and a 1 year high of C$94.34. 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’s 50 day moving average is C$78.71 and its 200-day moving average is C$66.54. The firm has a market capitalization of C$107.17 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 0.15 and a beta of 0.75.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported C$1.10 EPS for the quarter. The firm 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%. Sell-side analysts forecast that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were issued 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 2.7%. Suncor Energy’s payout ratio is currently 47.63%.

Key Headlines Impacting Suncor Energy

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: National Bank Financial raised its target to C$118 and moved to “outperform” (≈30.7% upside), a major bullish catalyst that helped reprice expectations for SU. National Bank Financial target raise
• Positive Sentiment: BMO Capital Markets lifted its target to C$100, Wells Fargo raised its target to C$97, and TD bumped its target to C$91 while keeping a “buy” view — multiple broker upgrades that support further upside and sent the shares to a new 52‑week high. BMO/TD/Wells Fargo upgrades
• Positive Sentiment: Coverage notes from Raymond James and press summaries flagged the upgrades and positive outlooks, amplifying buying interest. Raymond James coverage
• Positive Sentiment: BNN/Bloomberg reports Suncor has increased its production plan — operational guidance that, if delivered, supports higher free cash flow and validates bullish analyst revisions. BNN: increased production plan
• Neutral Sentiment: RBC and Scotiabank raised price targets but their new targets remain slightly below the current trading level — these are constructive but less market-moving than the larger upgrades. RBC/Scotiabank targets
• Neutral Sentiment: Wealth Professional reports Suncor is “doubling down” on in‑situ operations as a base plant mine runs dry — a strategic pivot that signals necessary capex and execution risk even as it preserves production. WealthProfessional: in-situ pivot

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.