Suncor Energy (TSE:SU) Price Target Raised to C$35.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price increased by JPMorgan Chase & Co. from C$33.00 to C$35.00 in a research note released on Tuesday, Analyst Ratings Network reports. JPMorgan Chase & Co. currently has a na rating on the stock.

SU has been the subject of a number of other reports. Bank of America lifted their target price on Suncor Energy from C$30.00 to C$32.00 in a research report on Wednesday, February 24th. National Bankshares lifted their target price on Suncor Energy from C$29.00 to C$33.00 in a research report on Friday, May 14th. National Bank Financial lifted their target price on Suncor Energy to C$33.00 and gave the company a sector perform rating in a research report on Friday, May 14th. Evercore lifted their target price on Suncor Energy from C$29.00 to C$31.00 in a research report on Monday. Finally, Tudor Pickering reaffirmed a buy rating and set a C$28.00 target price on shares of Suncor Energy in a research report on Thursday, May 27th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Suncor Energy has a consensus rating of Buy and an average target price of C$31.24.

Shares of SU stock opened at C$30.16 on Tuesday. Suncor Energy has a 52-week low of C$14.28 and a 52-week high of C$31.07. The company has a debt-to-equity ratio of 56.69, a current ratio of 1.09 and a quick ratio of 0.64. The company has a market cap of C$45.44 billion and a price-to-earnings ratio of 1,675.56. The business’s 50 day simple moving average is C$27.53.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Monday, May 3rd. The company reported C$0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.55 by C($0.06). The company had revenue of C$8.64 billion during the quarter, compared to analysts’ expectations of C$7.90 billion. On average, equities research analysts anticipate that Suncor Energy will post 2.6008485 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Friday, June 4th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, June 3rd. This represents a $0.84 annualized dividend and a yield of 2.79%. Suncor Energy’s dividend payout ratio (DPR) is 4,666.67%.

In other Suncor Energy news, Senior Officer Mark Stephen Little bought 17,250 shares of the company’s stock in a transaction that occurred on Tuesday, June 1st. The shares were purchased at an average cost of C$28.98 per share, for a total transaction of C$499,922.25. Following the purchase, the insider now directly owns 76,505 shares in the company, valued at C$2,217,191.41.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.

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Analyst Recommendations for Suncor Energy (TSE:SU)

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