Suncor Energy (TSE:SU) Given New C$90.00 Price Target at Scotia

Suncor Energy (TSE:SU) (NYSE:SU) had its price target boosted by Scotia from C$85.00 to C$90.00 in a research note released on Tuesday,BayStreet.CA reports. Scotia currently has a sector perform rating on the stock.

Several other analysts also recently issued reports on SU. Wells Fargo & Company lifted their price target on Suncor Energy from C$74.00 to C$97.00 in a research note on Wednesday, April 1st. BMO Capital Markets upped their price objective on Suncor Energy from C$85.00 to C$100.00 in a research report on Wednesday, April 1st. Raymond James Financial increased their price objective on Suncor Energy from C$76.00 to C$93.00 in a report on Monday, March 30th. Jefferies Financial Group lifted their target price on Suncor Energy from C$66.00 to C$82.00 in a research report on Monday, March 16th. Finally, Canadian Imperial Bank of Commerce boosted their target price on Suncor Energy from C$88.00 to C$92.00 in a research note on Thursday, April 2nd. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$93.06.

Suncor Energy Trading Up 1.9%

TSE:SU opened at C$85.73 on Tuesday. 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 business’s 50-day simple moving average is C$83.35 and its 200-day simple moving average is C$69.56. Suncor Energy has a fifty-two week low of C$46.34 and a fifty-two week high of C$94.34. The stock has a market capitalization of C$101.75 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 0.15 and a beta of 0.23.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results 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 firm had revenue of C$12.04 billion for the quarter. Sell-side analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.8%. Suncor Energy’s dividend payout ratio (DPR) is presently 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.