Suncor Energy (TSE:SU) Price Target Raised to C$93.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by Raymond James Financial from C$76.00 to C$93.00 in a report released on Monday morning,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on SU. National Bank Financial lifted their target price on Suncor Energy from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. 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. ATB Cormark Capital Markets increased their price target on Suncor Energy from C$71.00 to C$95.00 and gave the company a “sector perform” rating in a research report on Friday, March 27th. Scotiabank lifted their price target on Suncor Energy from C$62.00 to C$70.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Finally, Desjardins boosted their price objective on Suncor Energy from C$79.00 to C$85.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$87.86.

Suncor Energy Stock Down 1.9%

SU stock opened at C$90.29 on Monday. The firm has a market cap of C$107.17 billion, a PE ratio of 18.62, a P/E/G ratio of 0.15 and a beta of 0.75. Suncor Energy has a 12 month low of C$43.59 and a 12 month high of C$94.34. 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 firm has a 50 day simple moving average of C$78.71 and a 200 day simple moving average of C$66.54.

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

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders 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 2.7%. Suncor Energy’s dividend payout ratio is presently 47.63%.

Key Headlines Impacting Suncor Energy

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: BMO Capital Markets raised its price target to C$100, signaling stronger earnings/valuation expectations from a major bank. BMO target raise
• Positive Sentiment: Wells Fargo lifted its target to C$97, another sizable upgrade supporting upside versus recent levels. Wells Fargo target raise TickerReport Item
• Positive Sentiment: TD Securities raised its target to C$91 and now has a “buy” rating — incremental buying support from a large dealer. TD Securities rating
• Positive Sentiment: National Bank Financial bumped its target sharply to C$118 and assigned an “outperform” — the most bullish analyst call and a material upside thesis for investors. National Bank target raise
• Positive Sentiment: Raymond James reiterated/updated a positive view and media coverage notes SU reached a new 52‑week high after analyst upgrades, reflecting strong recent momentum. Raymond James coverage 52-week high note
• Neutral Sentiment: BNN Bloomberg reports Suncor has increased its production plan — positive for long‑term volume but may require capital allocation choices; investors should watch production timing and capex guidance. BNNBloomberg article
• Neutral Sentiment: Industry coverage notes Suncor is “doubling down” on in‑situ thermal projects as output from a base plant/mine runs down — signals a strategic shift that may boost long‑term resource life but could raise near‑term execution and capex risk. WealthProfessional article
• Negative Sentiment: Scotiabank’s new target (C$85) implies downside versus recent trade, which could cap the stock for investors who follow that house. Scotiabank target
• Negative Sentiment: RBC’s target at C$89 sits marginally below recent prices, offering a more cautious signal from another large bank. RBC target

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.