FY2029 EPS Estimate for Suncor Energy Raised by Analyst

Suncor Energy Inc. (TSE:SU) (NYSE:SU) – Analysts at Raymond James Financial boosted their FY2029 earnings estimates for Suncor Energy in a research report issued to clients and investors on Thursday, November 6th. Raymond James Financial analyst M. Barth now expects that the company will earn $5.68 per share for the year, up from their previous forecast of $5.25. Raymond James Financial has a “Moderate Buy” rating on the stock. The consensus estimate for Suncor Energy’s current full-year earnings is $4.42 per share.

SU has been the topic of a number of other research reports. Scotiabank upped their target price on shares of Suncor Energy from C$60.00 to C$62.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 6th. UBS Group lifted their price objective on Suncor Energy from C$61.00 to C$65.00 in a report on Wednesday. TD Securities boosted their target price on Suncor Energy from C$67.00 to C$70.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company set a C$57.00 price target on shares of Suncor Energy and gave the stock an “equal weight” rating in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. increased their price objective on Suncor Energy from C$59.00 to C$64.00 in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$64.33.

Suncor Energy Stock Performance

Shares of Suncor Energy stock traded up C$0.30 on Friday, reaching C$59.57. The stock had a trading volume of 1,374,135 shares, compared to its average volume of 7,718,770. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The business’s 50-day moving average price is C$56.78 and its two-hundred day moving average price is C$53.71. The stock has a market cap of C$72.27 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 0.15 and a beta of 0.61. Suncor Energy has a fifty-two week low of C$43.59 and a fifty-two week high of C$60.48.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Tuesday, August 5th. The company reported C$0.71 earnings per share (EPS) for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%.

Suncor Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.57 per share. The ex-dividend date was Thursday, September 4th. This represents a $2.28 dividend on an annualized basis and a yield of 3.8%. Suncor Energy’s payout ratio is 49.67%.

Insider Activity at Suncor Energy

In related news, insider Adam Husain Albeldawi sold 5,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of C$58.44, for a total value of C$292,200.00. Also, insider Shelley Powell sold 30,000 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of C$58.06, for a total transaction of C$1,741,650.00. Following the completion of the sale, the insider owned 27,705 shares of the company’s stock, valued at approximately C$1,608,413.78. This represents a 51.99% decrease in their position. Insiders have sold 139,542 shares of company stock valued at $8,052,015 over the last 90 days. Corporate insiders own 0.01% of the company’s stock.

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.