Suncor Energy Inc. (TSE:SU) Receives C$93.27 Consensus Target Price from Brokerages

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$93.27.

Several research firms have issued reports on SU. ATB Cormark Capital Markets upgraded Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Canadian Imperial Bank of Commerce boosted their target price on Suncor Energy from C$88.00 to C$92.00 in a research report on Thursday, April 2nd. BMO Capital Markets boosted their target price on Suncor Energy from C$85.00 to C$100.00 in a research report on Wednesday, April 1st. Raymond James Financial boosted their target price on Suncor Energy from C$76.00 to C$93.00 in a research report on Monday, March 30th. Finally, Jefferies Financial Group upped their price target on Suncor Energy from C$66.00 to C$82.00 in a report on Monday, March 16th.

Suncor Energy Stock Performance

TSE SU opened at C$84.11 on Friday. 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 business’s 50 day moving average is C$83.12 and its two-hundred day moving average is C$69.36. Suncor Energy has a 12-month low of C$46.34 and a 12-month high of C$94.34. The stock has a market capitalization of C$99.83 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 0.15 and a beta of 0.23.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Tuesday, February 3rd. The company reported C$1.10 earnings per share (EPS) for the quarter. Suncor Energy had a return on equity of 13.17% and a net margin of 12.10%.The company had revenue of C$12.04 billion for the quarter. Research analysts expect that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were issued a $0.60 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.9%. Suncor Energy’s dividend payout ratio is currently 47.63%.

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.