Suncor Energy (TSE:SU) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Suncor Energy (TSE:SU) (NYSE:SU) had its target price increased by stock analysts at Royal Bank Of Canada from C$89.00 to C$100.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 12.57% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on SU. ATB Cormark Capital Markets upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Wells Fargo & Company boosted their price objective on shares of Suncor Energy from C$74.00 to C$97.00 in a research report on Wednesday, April 1st. Canadian Imperial Bank of Commerce lifted their target price on shares of Suncor Energy from C$88.00 to C$92.00 in a research note on Thursday, April 2nd. Scotiabank lifted their target price on shares of Suncor Energy from C$80.00 to C$85.00 in a research note on Wednesday, April 1st. Finally, BMO Capital Markets lifted their target price on shares of Suncor Energy from C$85.00 to C$100.00 in a research note on Wednesday, April 1st. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$88.93.

Suncor Energy Trading Down 4.3%

Suncor Energy stock traded down C$3.96 during trading hours on Wednesday, reaching C$88.83. The stock had a trading volume of 2,089,057 shares, compared to its average volume of 7,384,844. The company has a fifty day simple moving average of C$80.49 and a 200-day simple moving average of C$67.54. Suncor Energy has a 52 week low of C$43.59 and a 52 week high of C$94.34. The stock has a market cap of C$105.43 billion, a PE ratio of 18.32, a PEG ratio of 0.15 and a beta of 0.23. The company has a debt-to-equity ratio of 40.74, a current ratio of 1.39 and a quick ratio of 0.83.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Tuesday, February 3rd. The company reported C$1.10 earnings per share (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. Analysts forecast that Suncor Energy will post 4.4208333 EPS for the current fiscal 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.