Suncor Energy Inc. (TSE:SU) (NYSE:SU) – Analysts at National Bank Financial increased their FY2019 earnings estimates for shares of Suncor Energy in a note issued to investors on Monday. National Bank Financial analyst T. Wood now forecasts that the company will post earnings of $3.17 per share for the year, up from their previous forecast of $3.15. National Bank Financial has a “Outperform” rating and a $56.00 price target on the stock.
SU has been the topic of several other research reports. Wells Fargo & Co increased their price target on shares of Suncor Energy from C$56.00 to C$59.00 in a research report on Thursday, January 11th. BMO Capital Markets increased their price target on shares of Suncor Energy from C$50.00 to C$52.00 in a research report on Thursday, November 16th. Royal Bank of Canada increased their price target on shares of Suncor Energy from C$49.00 to C$52.00 in a research report on Friday, February 9th. CIBC increased their price target on shares of Suncor Energy from C$50.00 to C$53.00 in a research report on Tuesday, October 17th. Finally, TD Securities increased their price target on shares of Suncor Energy from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Suncor Energy has an average rating of “Buy” and an average price target of C$51.54.
The business 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 $0.36 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 3.38%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.32. Suncor Energy’s dividend payout ratio (DPR) is currently 57.87%.
TRADEMARK VIOLATION NOTICE: This piece was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/14/fy2019-eps-estimates-for-suncor-energy-inc-lifted-by-analyst-su.html.
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.
Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.