Suncor Energy (TSE:SU) Stock Rating Upgraded by Desjardins

Suncor Energy (TSE:SU) (NYSE:SU) was upgraded by stock analysts at Desjardins to a “moderate buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Canadian Imperial Bank of Commerce increased their target price on Suncor Energy from C$88.00 to C$92.00 in a research report on Thursday, April 2nd. Scotia upped their price target on Suncor Energy from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Wells Fargo & Company upped their target price on shares of Suncor Energy from C$74.00 to C$97.00 in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$95.62.

Suncor Energy Trading Up 2.6%

Shares of Suncor Energy stock opened at C$87.53 on Thursday. The company has a market capitalization of C$103.35 billion, a P/E ratio of 16.64, a P/E/G ratio of 0.15 and a beta of 0.17. The company has a debt-to-equity ratio of 32.36, a quick ratio of 0.83 and a current ratio of 1.42. The company has a fifty day moving average of C$85.30 and a 200 day moving average of C$81.03. Suncor Energy has a fifty-two week low of C$52.75 and a fifty-two week high of C$96.53.

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

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.