Analysts Set Suncor Energy Inc. (TSE:SU) PT at C$95.88

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$95.88.

Several equities analysts have recently issued reports on SU shares. Gerdes Energy Research lowered Suncor Energy from a “buy” rating to a “neutral” rating and lifted their price target for the stock from C$96.00 to C$97.00 in a research report on Wednesday, July 22nd. Scotia increased their price objective on shares of Suncor Energy from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised their price objective on shares of Suncor Energy from C$105.00 to C$106.00 in a research note on Tuesday, May 12th. Scotiabank raised shares of Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Finally, The Goldman Sachs Group downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 5th.

Suncor Energy Stock Up 2.6%

SU stock opened at C$92.56 on Monday. The business has a 50 day moving average of C$85.08 and a 200 day moving average of C$82.81. The firm has a market cap of C$109.29 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 0.15 and a beta of 0.17. Suncor Energy has a twelve month low of C$52.95 and a twelve month high of C$96.53. The company has a quick ratio of 0.83, a current ratio of 1.42 and a debt-to-equity ratio of 32.36.

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

Suncor Energy Announces Dividend

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

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.