Suncor Energy Inc. (SU) Expected to Earn FY2019 Earnings of $2.50 Per Share

Suncor Energy Inc. (NYSE:SU) (TSE:SU) – Stock analysts at National Bank Financial boosted their FY2019 earnings per share estimates for shares of Suncor Energy in a research note issued to investors on Monday. National Bank Financial analyst T. Wood now expects that the oil and gas producer will post earnings per share of $2.50 for the year, up from their prior forecast of $2.49.

SU has been the topic of a number of other reports. Piper Jaffray Companies set a $46.00 price target on shares of Suncor Energy and gave the company a “buy” rating in a report on Friday, February 9th. TD Securities cut shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a report on Thursday, November 16th. Zacks Investment Research cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Monday, November 20th. Edward Jones upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, November 20th. Finally, JPMorgan Chase & Co. upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $46.67.

Shares of Suncor Energy (NYSE SU) traded up $0.54 during trading on Wednesday, reaching $34.04. 3,102,894 shares of the company’s stock traded hands, compared to its average volume of 3,463,755. Suncor Energy has a one year low of $27.96 and a one year high of $38.39. The company has a market cap of $54,960.00, a PE ratio of 15.79, a price-to-earnings-growth ratio of 2.19 and a beta of 0.80. The company has a current ratio of 1.00, a quick ratio of 0.64 and a debt-to-equity ratio of 0.29.

Hedge funds have recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC purchased a new position in Suncor Energy during the 4th quarter worth approximately $100,000. Cerebellum GP LLC purchased a new position in Suncor Energy during the 4th quarter worth approximately $134,000. UBS Asset Management Americas Inc. raised its position in Suncor Energy by 13.7% during 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 buying an additional 562 shares during the last quarter. Forward Management LLC purchased a new position in Suncor Energy during the 3rd quarter worth approximately $154,000. Finally, Icon Wealth Partners LLC purchased a new position in Suncor Energy during the 4th quarter worth approximately $181,000. Institutional investors own 65.69% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 5th will be paid a $0.286 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.25. This represents a $1.14 dividend on an annualized basis and a yield of 3.36%. Suncor Energy’s dividend payout ratio (DPR) is 47.42%.

COPYRIGHT VIOLATION WARNING: “Suncor Energy Inc. (SU) Expected to Earn FY2019 Earnings of $2.50 Per Share” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/14/suncor-energy-inc-su-expected-to-earn-fy2019-earnings-of-2-50-per-share.html.

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.

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.

Leave a Reply