Equities analysts predict that Suncor Energy Inc. (NYSE:SU) (TSE:SU) will post sales of $6.41 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Suncor Energy’s earnings. The highest sales estimate is $7.11 billion and the lowest is $5.54 billion. Suncor Energy posted sales of $6.10 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 5.1%. The firm is scheduled to announce its next earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Suncor Energy will report full year sales of $6.41 billion for the current year, with estimates ranging from $23.64 billion to $26.24 billion. For the next year, analysts anticipate that the company will post sales of $25.97 billion per share, with estimates ranging from $23.92 billion to $29.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Suncor Energy.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas producer reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.15. Suncor Energy had a net margin of 16.14% and a return on equity of 11.46%. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.80 billion.

Several analysts recently commented on the stock. Edward Jones raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, November 20th. Zacks Investment Research cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. TD Securities cut shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research note on Thursday, November 16th. Canaccord Genuity restated a “buy” rating and set a $51.00 target price on shares of Suncor Energy in a research note on Thursday, October 26th. Finally, Wolfe Research upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $43.14.

Large investors have recently modified their holdings of the company. First Personal Financial Services lifted its stake in shares of Suncor Energy by 144.1% in the 2nd quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock worth $112,000 after purchasing an additional 2,270 shares during the period. Forward Management LLC bought a new position in shares of Suncor Energy in the 3rd quarter worth approximately $154,000. UBS Asset Management Americas Inc. lifted its stake in shares of Suncor Energy by 13.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock worth $136,000 after purchasing an additional 562 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Suncor Energy by 90.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,725 shares of the oil and gas producer’s stock worth $124,000 after purchasing an additional 2,248 shares during the period. Finally, Howland Capital Management LLC bought a new position in shares of Suncor Energy in the 3rd quarter worth approximately $201,000. Hedge funds and other institutional investors own 65.61% of the company’s stock.

Shares of Suncor Energy (SU) opened at $34.60 on Wednesday. Suncor Energy has a 1 year low of $27.96 and a 1 year high of $36.71. The company has a market cap of $57,130.00, a PE ratio of 30.26, a P/E/G ratio of 3.27 and a beta of 0.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 0.91.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be paid a dividend of $0.251 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.00 annualized dividend and a yield of 2.90%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.19. Suncor Energy’s dividend payout ratio is currently 59.06%.

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Suncor Energy Company Profile

Suncor Energy Inc is a Canada-based 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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Earnings History and Estimates for Suncor Energy (NYSE:SU)

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