Raymond James Weighs in on Suncor Energy FY2029 Earnings

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

SU has been the subject of several other research reports. Jefferies Financial Group raised their price objective on shares of Suncor Energy from C$54.00 to C$58.00 in a report on Thursday, January 30th. Desjardins raised shares of Suncor Energy from a "hold" rating to a "moderate buy" rating in a report on Thursday, November 14th. Scotiabank raised their price target on shares of Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th. National Bankshares boosted 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. Finally, Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Suncor Energy has an average rating of "Moderate Buy" and an average price target of C$62.54.

Suncor Energy Price Performance

Shares of TSE SU traded down C$0.63 during mid-day trading on Monday, hitting C$56.05. 7,830,029 shares of the stock were exchanged, compared to its average volume of 6,554,321. The company has a market cap of C$70.30 billion, a P/E ratio of 8.85, a PEG ratio of 0.15 and a beta of 1.47. The stock's fifty day simple moving average is C$54.15 and its two-hundred day simple moving average is C$53.85. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. Suncor Energy has a twelve month low of C$42.57 and a twelve month high of C$58.58.

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

Insider Buying and Selling at Suncor Energy

In other news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. Insiders own 0.01% of the company's stock.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were issued a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 4.07%. This is an increase from Suncor Energy's previous quarterly dividend of $0.55. Suncor Energy's payout ratio is currently 34.42%.

About Suncor Energy

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.