Raymond James Forecasts Suncor Energy FY2029 Earnings

Suncor Energy Inc. (TSE:SU - Free Report) NYSE: SU - Investment analysts at Raymond James issued their FY2029 earnings per share (EPS) estimates for Suncor Energy in a research note issued on Thursday, February 6th. Raymond James analyst M. Barth anticipates that the company will post earnings of $5.03 per share for the year. Raymond James currently has a "Market Perform" rating and a $58.00 target price on the stock. The consensus estimate for Suncor Energy's current full-year earnings is $4.42 per share.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$1.48 earnings per share for the quarter, beating analysts' consensus estimates of C$1.10 by C$0.38. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. During the same period in the prior year, the business earned $1.52 earnings per share.

Other equities analysts have also issued reports about the stock. National Bankshares increased their price objective on shares of Suncor Energy from C$65.00 to C$68.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Wells Fargo & Company cut their price objective on shares of Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. Royal Bank of Canada decreased their target price on Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. Gerdes Energy Research set a C$69.00 price target on Suncor Energy and gave the stock a "buy" rating in a report on Monday, November 25th. Finally, Jefferies Financial Group boosted their price target on Suncor Energy from C$54.00 to C$58.00 in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Suncor Energy has a consensus rating of "Moderate Buy" and a consensus target price of C$62.54.

Suncor Energy Stock Up 0.2 %

SU traded up C$0.10 during trading on Monday, reaching C$56.68. 8,400,218 shares of the stock were exchanged, compared to its average volume of 6,513,169. The stock has a market cap of C$71.09 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. 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 stock's 50 day moving average price is C$54.11 and its two-hundred day moving average price is C$53.83. Suncor Energy has a twelve month low of C$42.47 and a twelve month high of C$58.58.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were paid a $0.57 dividend. This is a positive change from Suncor Energy's previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy's dividend payout ratio is currently 34.42%.

Insider Buying and Selling at Suncor Energy

In other news, Senior Officer Kristopher Peter Smith sold 105,000 shares of Suncor Energy stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total value of C$5,995,185.00. 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.