Suncor Energy (TSE:SU) Price Target Raised to C$113.00 at TD

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective lifted by TD from C$91.00 to C$113.00 in a research report released on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

SU has been the subject of a number of other reports. BMO Capital Markets boosted their price objective on Suncor Energy from C$85.00 to C$100.00 in a research report on Wednesday, April 1st. Scotiabank boosted their price objective on Suncor Energy from C$80.00 to C$85.00 in a research report on Wednesday, April 1st. National Bank Financial boosted their price objective on Suncor Energy from C$85.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. TD Securities boosted their price objective on Suncor Energy from C$81.00 to C$91.00 and gave the stock a “buy” rating in a research report on Wednesday, April 1st. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Suncor Energy from C$88.00 to C$92.00 in a research report on Thursday, April 2nd. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$93.27.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at C$87.37 on Thursday. Suncor Energy has a one year low of C$46.34 and a one year high of C$94.34. The company has a market cap of C$103.70 billion, a PE ratio of 18.01, a P/E/G ratio of 0.15 and a beta of 0.23. The company has a debt-to-equity ratio of 40.74, a quick ratio of 0.83 and a current ratio of 1.39. The business has a 50-day simple moving average of C$82.72 and a 200-day simple moving average of C$68.84.

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

Suncor Energy Announces Dividend

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