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.
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%.
COPYRIGHT VIOLATION WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/14/q3-2018-eps-estimates-for-suncor-energy-inc-increased-by-cormark-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.