Suncor Energy (TSE:SU) Price Target Raised to C$95.00 at ATB Cormark Capital Markets

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective hoisted by ATB Cormark Capital Markets from C$71.00 to C$95.00 in a research report report published on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research firms also recently commented on SU. Desjardins boosted their price objective on shares of Suncor Energy from C$79.00 to C$85.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Canadian Imperial Bank of Commerce upped their target price on Suncor Energy from C$70.00 to C$88.00 in a report on Monday, March 2nd. TD Securities raised their price target on Suncor Energy from C$74.00 to C$81.00 in a research report on Wednesday, February 4th. Royal Bank Of Canada lifted their price target on Suncor Energy from C$69.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, BMO Capital Markets boosted their price objective on shares of Suncor Energy from C$69.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$77.57.

Suncor Energy Price Performance

Shares of TSE SU opened at C$92.50 on Friday. The stock has a fifty day moving average price of C$77.38 and a 200 day moving average price of C$65.78. Suncor Energy has a 1-year low of C$43.59 and a 1-year high of C$92.56. The company has a debt-to-equity ratio of 40.74, a current ratio of 1.39 and a quick ratio of 0.83. The company has a market cap of C$109.79 billion, a PE ratio of 19.07, a P/E/G 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 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 company had revenue of C$12.04 billion for the quarter. Sell-side analysts forecast that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Dividend Announcement

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