Suncor Energy (TSE:SU) Price Target Raised to C$118.00 at National Bank Financial

Suncor Energy (TSE:SU) (NYSE:SU) had its price target boosted by National Bank Financial from C$85.00 to C$118.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

SU has been the subject 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 report on Thursday, February 5th. BMO Capital Markets lifted their price target on Suncor Energy from C$69.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. TD Securities upped their price objective on Suncor Energy from C$74.00 to C$81.00 in a report on Wednesday, February 4th. Royal Bank Of Canada increased their price objective on Suncor Energy from C$69.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, Raymond James Financial raised their price objective on Suncor Energy from C$76.00 to C$93.00 in a report on Monday. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$81.14.

Suncor Energy Trading Up 0.1%

Shares of SU opened at C$92.01 on Tuesday. Suncor Energy has a 1-year low of C$43.59 and a 1-year high of C$94.34. The company has a market capitalization of C$109.21 billion, a P/E ratio of 18.97, a P/E/G ratio of 0.15 and a beta of 0.75. 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’s 50 day simple moving average is C$78.30 and its 200 day simple moving average is C$66.37.

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

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 25th were paid a $0.60 dividend. 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 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.