Brokerages Set Suncor Energy Inc. (TSE:SU) PT at C$75.86

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$75.86.

Several brokerages have recently issued reports on SU. ATB Cormark Capital Markets boosted their price target on shares of Suncor Energy from C$68.00 to C$71.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. National Bank Financial boosted their target price on Suncor Energy from C$72.00 to C$85.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Jefferies Financial Group increased their price target on Suncor Energy from C$66.00 to C$82.00 in a report on Monday, March 16th. TD Securities lifted their price objective on Suncor Energy from C$74.00 to C$81.00 in a report on Wednesday, February 4th. Finally, Canadian Imperial Bank of Commerce increased their target price on Suncor Energy from C$70.00 to C$88.00 in a research note on Monday, March 2nd.

Suncor Energy Stock Performance

Shares of SU stock opened at C$90.06 on Tuesday. The stock has a market cap of C$106.89 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75. The stock has a 50-day moving average of C$76.91 and a 200-day moving average of C$65.52. The company has a debt-to-equity ratio of 40.74, a current ratio of 1.39 and a quick ratio of 0.83. Suncor Energy has a one year low of C$43.59 and a one year high of C$90.94.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Tuesday, February 3rd. The company reported C$1.10 earnings per share 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, sell-side analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current year.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were issued 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 dividend yield of 2.7%. 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.