Zacks: Analysts Anticipate Suncor Energy Inc. (NYSE:SU) to Post $0.49 Earnings Per Share

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Analysts forecast that Suncor Energy Inc. (NYSE:SU) (TSE:SU) will announce $0.49 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Suncor Energy’s earnings, with estimates ranging from $0.41 to $0.53. Suncor Energy reported earnings of $0.27 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 81.5%. The firm is scheduled to announce its next earnings results on Tuesday, February 4th.

On average, analysts expect that Suncor Energy will report full year earnings of $2.50 per share for the current year, with EPS estimates ranging from $2.23 to $3.09. For the next fiscal year, analysts anticipate that the company will report earnings of $2.08 per share, with EPS estimates ranging from $1.60 to $2.42. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Suncor Energy.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, October 30th. The oil and gas producer reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $8.02 billion. Suncor Energy had a net margin of 12.87% and a return on equity of 9.24%.

A number of research analysts have recently commented on the stock. CIBC set a $53.00 price objective on shares of Suncor Energy and gave the company a “buy” rating in a research report on Friday, October 11th. Raymond James set a $48.00 price objective on shares of Suncor Energy and gave the stock a “buy” rating in a research note on Saturday, November 2nd. National Bank Financial cut shares of Suncor Energy from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Tuesday, October 1st. Citigroup cut their target price on shares of Suncor Energy from $59.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Finally, ValuEngine upgraded Suncor Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $47.12.

NYSE SU traded down $0.49 on Tuesday, hitting $30.66. 3,155,481 shares of the stock were exchanged, compared to its average volume of 3,240,765. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.59. The business’s fifty day moving average is $31.11 and its 200 day moving average is $30.59. Suncor Energy has a 52 week low of $25.81 and a 52 week high of $34.87. The company has a market capitalization of $47.13 billion, a PE ratio of 15.33, a P/E/G ratio of 1.70 and a beta of 1.09.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a $0.319 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.28 annualized dividend and a dividend yield of 4.16%. Suncor Energy’s dividend payout ratio is currently 63.00%.

Several institutional investors and hedge funds have recently modified their holdings of SU. Regentatlantic Capital LLC lifted its holdings in Suncor Energy by 46.3% during the 2nd quarter. Regentatlantic Capital LLC now owns 12,432 shares of the oil and gas producer’s stock worth $387,000 after purchasing an additional 3,935 shares during the last quarter. Heathbridge Capital Management Ltd. increased its position in Suncor Energy by 12.1% during the 3rd quarter. Heathbridge Capital Management Ltd. now owns 928,850 shares of the oil and gas producer’s stock worth $29,311,000 after buying an additional 99,950 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of Suncor Energy by 27.4% during the third quarter. Raymond James Trust N.A. now owns 32,589 shares of the oil and gas producer’s stock worth $1,030,000 after buying an additional 7,002 shares in the last quarter. Waratah Capital Advisors Ltd. lifted its holdings in shares of Suncor Energy by 128.1% during the second quarter. Waratah Capital Advisors Ltd. now owns 136,221 shares of the oil and gas producer’s stock worth $4,252,000 after buying an additional 76,505 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Suncor Energy by 2.4% in the third quarter. Creative Planning now owns 20,582 shares of the oil and gas producer’s stock valued at $650,000 after acquiring an additional 490 shares during the period. 65.14% of the stock is currently owned by institutional investors.

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, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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