Suncor Energy Inc. to Post FY2019 Earnings of $3.15 Per Share, National Bank Financial Forecasts (SU)

Suncor Energy Inc. (TSE:SU) (NYSE:SU) – Equities researchers at National Bank Financial issued their FY2019 EPS estimates for Suncor Energy in a research report issued to clients and investors on Thursday. National Bank Financial analyst T. Wood expects that the company will earn $3.15 per share for the year. National Bank Financial has a “Outperform” rating and a $56.00 price target on the stock.

A number of other analysts have also recently commented on the company. Barclays lifted their target price on Suncor Energy from C$50.00 to C$52.00 in a research report on Friday. Royal Bank of Canada boosted their price target on Suncor Energy from C$49.00 to C$52.00 in a research report on Friday. TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a C$52.00 price target on the stock in a research report on Friday. Eight Capital set a C$56.00 price target on Suncor Energy and gave the company a “neutral” rating in a research report on Thursday, January 11th. Finally, Wells Fargo & Co boosted their price target on Suncor Energy from C$56.00 to C$59.00 in a research report on Thursday, January 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$51.54.

Shares of Suncor Energy (TSE:SU) opened at C$42.38 on Monday. Suncor Energy has a 52-week low of C$36.09 and a 52-week high of C$47.69. The company has a market capitalization of $69,800.00, a PE ratio of 19.62 and a beta of 0.40.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 5th will be given a dividend of $0.36 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 2nd. This represents a $1.44 annualized dividend and a yield of 3.40%. Suncor Energy’s payout ratio is presently 57.87%.

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About Suncor Energy

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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