Analysts forecast that Suncor Energy Inc. (NYSE:SU) (TSE:SU) will post $0.23 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Suncor Energy ‘s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.25. Suncor Energy posted earnings per share of ($0.28) during the same quarter last year, which indicates a positive year over year growth rate of 182.1%. The firm is expected to report its next earnings results after the market closes on Wednesday, July 26th.

According to Zacks, analysts expect that Suncor Energy will report full-year earnings of $1.33 per share for the current year, with EPS estimates ranging from $1.12 to $1.55. For the next fiscal year, analysts forecast that the firm will post earnings of $1.35 per share, with EPS estimates ranging from $1.00 to $1.62. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Suncor Energy .

Several analysts have recently commented on SU shares. Zacks Investment Research cut Suncor Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 target price on shares of Suncor Energy in a research report on Saturday, March 11th. Goldman Sachs Group, Inc. (The) raised Suncor Energy from a “buy” rating to a “conviction-buy” rating and raised their target price for the stock from $25.00 to $34.00 in a research report on Wednesday, April 5th. They noted that the move was a valuation call. Simmons decreased their target price on Suncor Energy from $43.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, April 19th. Finally, Scotiabank cut Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, June 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $42.61.

Shares of Suncor Energy (NYSE:SU) traded down 0.47% during mid-day trading on Thursday, hitting $29.43. The stock had a trading volume of 2,723,610 shares. The company has a 50 day moving average price of $30.64 and a 200 day moving average price of $31.30. Suncor Energy has a 12-month low of $25.70 and a 12-month high of $33.79. The firm has a market cap of $49.13 billion, a P/E ratio of 41.74 and a beta of 0.82.

The business also recently announced a quarterly dividend, which was paid on Monday, June 26th. Shareholders of record on Monday, June 5th were issued a dividend of $0.2371 per share. The ex-dividend date was Thursday, June 1st. This represents a $0.95 annualized dividend and a yield of 3.22%. Suncor Energy ‘s dividend payout ratio (DPR) is currently 141.79%.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Suncor Energy by 11,547,276.0% in the first quarter. BlackRock Inc. now owns 23,556,647 shares of the oil and gas producer’s stock valued at $724,366,000 after buying an additional 23,556,443 shares during the period. Advisory Services Network LLC bought a new position in Suncor Energy during the first quarter valued at $191,000. JPMorgan Chase & Co. raised its position in Suncor Energy by 19.2% in the first quarter. JPMorgan Chase & Co. now owns 2,508,455 shares of the oil and gas producer’s stock valued at $77,135,000 after buying an additional 404,808 shares during the period. Addenda Capital Inc. raised its position in Suncor Energy by 4.7% in the first quarter. Addenda Capital Inc. now owns 1,593,270 shares of the oil and gas producer’s stock valued at $48,777,000 after buying an additional 72,040 shares during the period. Finally, AGF Investments Inc. raised its position in Suncor Energy by 15.4% in the first quarter. AGF Investments Inc. now owns 4,195,229 shares of the oil and gas producer’s stock valued at $128,655,000 after buying an additional 559,749 shares during the period. Institutional investors own 65.40% of the company’s stock.

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About Suncor Energy

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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