Suncor Energy (TSE:SU) Price Target Raised to C$106.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective increased by research analysts at JPMorgan Chase & Co. from C$105.00 to C$106.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 16.15% from the company’s current price.

SU has been the topic of several other reports. Desjardins upped their target price on shares of Suncor Energy from C$79.00 to C$85.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Raymond James Financial upped their target price on shares of Suncor Energy from C$76.00 to C$93.00 in a research note on Monday, March 30th. Scotia upped their target price on shares of Suncor Energy from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 21st. Jefferies Financial Group upped their target price on shares of Suncor Energy from C$66.00 to C$82.00 in a research note on Monday, March 16th. Finally, Royal Bank Of Canada upped their target price on shares of Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$93.13.

Suncor Energy Trading Up 2.4%

Shares of Suncor Energy stock traded up C$2.18 on Tuesday, reaching C$91.26. The company had a trading volume of 1,348,607 shares, compared to its average volume of 6,560,124. The firm’s 50 day moving average price is C$86.48 and its two-hundred day moving average price is C$72.41. The firm has a market cap of C$108.32 billion, a PE ratio of 17.35, a PEG ratio of 0.15 and a beta of 0.37. Suncor Energy has a 52-week low of C$48.13 and a 52-week high of C$95.73. The company has a debt-to-equity ratio of 32.36, a quick ratio of 0.83 and a current ratio of 1.42.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$1.93 earnings per share (EPS) for the quarter. The business had revenue of C$14.48 billion for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. Sell-side analysts predict that Suncor Energy will post 4.4208333 earnings per share 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.