Suncor Energy (TSE:SU) Price Target Raised to C$105.00 at JPMorgan Chase & Co.

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective upped by JPMorgan Chase & Co. from C$79.00 to C$105.00 in a research note published on Tuesday,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada boosted their price objective 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. BMO Capital Markets upped their target price on shares of Suncor Energy from C$85.00 to C$100.00 in a research note on Wednesday, April 1st. Scotiabank upped their target price on shares of Suncor Energy from C$80.00 to C$85.00 in a research note on Wednesday, April 1st. 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. Finally, TD Securities upped their target price on shares of Suncor Energy from C$81.00 to C$91.00 and gave the stock a “buy” rating in a research note on Wednesday, April 1st. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$91.86.

Suncor Energy Trading Down 2.1%

TSE:SU opened at C$87.56 on Tuesday. Suncor Energy has a one year low of C$46.20 and a one year 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 company’s 50-day simple moving average is C$82.14 and its 200 day simple moving average is C$68.59. The firm has a market capitalization of C$103.93 billion, a P/E ratio of 18.05, a PEG ratio of 0.15 and a beta of 0.23.

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

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, March 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. Suncor Energy’s dividend payout ratio is 47.63%.

Suncor Energy Company Profile

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.