Suncor Energy (TSE:SU) Given New C$116.00 Price Target at TD

Suncor Energy (TSE:SU) (NYSE:SU) had its target price upped by TD from C$113.00 to C$116.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

SU has been the topic of a number of other reports. Desjardins set a C$107.00 target price on Suncor Energy and gave the stock a “buy” rating in a research report on Friday, July 17th. Royal Bank Of Canada upped their price target on Suncor Energy from C$89.00 to C$100.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. National Bank Financial raised 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. Gerdes Energy Research upgraded Suncor Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from C$93.00 to C$96.00 in a research report on Monday, June 29th. Finally, JPMorgan Chase & Co. lifted their price objective on Suncor Energy from C$105.00 to C$106.00 in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$95.88.

Suncor Energy Price Performance

Shares of Suncor Energy stock opened at C$91.22 on Wednesday. The company has a debt-to-equity ratio of 32.36, a current ratio of 1.42 and a quick ratio of 0.83. Suncor Energy has a fifty-two week low of C$52.95 and a fifty-two week high of C$96.53. The firm has a fifty day moving average price of C$85.26 and a two-hundred day moving average price of C$81.78. The company has a market cap of C$107.71 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 0.15 and a beta of 0.17.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$1.93 earnings per share (EPS) for the quarter. The company had revenue of C$14.48 billion for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. Analysts expect that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Thursday, June 4th. Suncor Energy’s payout ratio is 44.49%.

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.