Suncor Energy (TSE:SU) Given New C$82.00 Price Target at Jefferies Financial Group

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective increased by Jefferies Financial Group from C$66.00 to C$82.00 in a research note published on Monday morning,BayStreet.CA reports.

SU has been the topic of a number of other reports. Raymond James Financial raised their price objective on shares of Suncor Energy from C$73.00 to C$76.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Desjardins boosted 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. BMO Capital Markets increased their target price on Suncor Energy from C$69.00 to C$85.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Scotiabank raised their price target on Suncor Energy from C$62.00 to C$70.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Finally, ATB Cormark Capital Markets lifted their price target on Suncor Energy from C$68.00 to C$71.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$75.86.

Suncor Energy Stock Up 1.3%

SU stock opened at C$82.93 on Monday. The company’s 50 day moving average price is C$73.38 and its 200 day moving average price is C$63.90. The company has a debt-to-equity ratio of 40.74, a quick ratio of 0.83 and a current ratio of 1.39. Suncor Energy has a fifty-two week low of C$43.59 and a fifty-two week high of C$82.95. The firm has a market capitalization of C$98.43 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 0.15 and a beta of 0.75.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results 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 during the quarter. On average, equities research analysts anticipate that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 25th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, March 4th. Suncor Energy’s 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.