Suncor Energy (TSE:SU) Given New C$97.00 Price Target at Wells Fargo & Company

Suncor Energy (TSE:SU) (NYSE:SU) had its target price hoisted by equities research analysts at Wells Fargo & Company from C$74.00 to C$97.00 in a report issued on Wednesday,BayStreet.CA reports. Wells Fargo & Company‘s target price indicates a potential upside of 8.61% from the company’s previous close.

SU has been the topic of several other research reports. BMO Capital Markets raised their price objective on Suncor Energy from C$69.00 to C$85.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Jefferies Financial Group boosted their target price on Suncor Energy from C$66.00 to C$82.00 in a report on Monday, March 16th. Canadian Imperial Bank of Commerce upped their target price on Suncor Energy from C$70.00 to C$88.00 in a research report on Monday, March 2nd. National Bank Financial raised their price target on Suncor Energy from C$85.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Desjardins lifted their price target on Suncor Energy from C$79.00 to C$85.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$87.86.

Suncor Energy Stock Down 2.9%

Shares of TSE:SU traded down C$2.70 during trading on Wednesday, hitting C$89.31. 2,949,539 shares of the company were exchanged, compared to its average volume of 7,509,439. The stock has a market capitalization of C$106.00 billion, a P/E ratio of 18.41, a PEG ratio of 0.15 and a beta of 0.75. 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 12-month low of C$43.59 and a 12-month high of C$94.34. The firm’s 50 day moving average price is C$78.30 and its 200-day moving average price is C$66.37.

Suncor Energy (TSE:SU) (NYSE:SU) last posted 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. On average, research analysts predict 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.