Q3 2018 EPS Estimates for Suncor Energy Inc. Increased by Cormark (SU)

Suncor Energy Inc. (TSE:SU) (NYSE:SU) – Analysts at Cormark boosted their Q3 2018 EPS estimates for Suncor Energy in a report released on Tuesday. Cormark analyst A. Arif now expects that the company will post earnings of $0.60 per share for the quarter, up from their previous estimate of $0.59. Cormark also issued estimates for Suncor Energy’s Q4 2018 earnings at $0.62 EPS.

Several other research analysts also recently commented on SU. CIBC lifted their target price on shares of Suncor Energy from C$50.00 to C$53.00 in a report on Tuesday, October 17th. TD Securities lifted their target price on shares of Suncor Energy from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Royal Bank of Canada boosted their price objective on shares of Suncor Energy from C$45.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Barclays boosted their price objective on shares of Suncor Energy from C$49.00 to C$50.00 in a report on Friday, October 27th. Finally, GMP Securities boosted their price objective on shares of Suncor Energy from C$42.00 to C$43.00 in a report on Thursday, November 16th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$51.54.

Suncor Energy (TSE SU) opened at C$42.20 on Wednesday. The company has a market cap of $69,260.00, a price-to-earnings ratio of 19.54 and a beta of 0.40. Suncor Energy has a twelve month low of C$36.09 and a twelve month high of C$47.69.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 5th will be issued a dividend of $0.36 per share. This is an increase 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 dividend yield of 3.41%. 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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