Suncor Energy Inc. (TSE:SU) (NYSE:SU) – Cormark decreased their Q2 2018 earnings per share estimates for shares of Suncor Energy in a research note issued to investors on Tuesday. Cormark analyst A. Arif now expects that the company will earn $0.43 per share for the quarter, down from their prior estimate of $0.47. Cormark also issued estimates for Suncor Energy’s FY2018 earnings at $2.28 EPS.
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 note on Thursday, January 11th. BMO Capital Markets raised their target price on shares of Suncor Energy from C$50.00 to C$52.00 in a research note on Thursday, November 16th. TD Securities lowered shares of Suncor Energy from a “buy” rating to a “hold” rating and set a C$50.00 target price on the stock. in a research note on Thursday, November 16th. Eight Capital set a C$56.00 target price on shares of Suncor Energy and gave the company a “neutral” rating in a research note on Thursday, January 11th. Finally, Royal Bank of Canada raised their target price on shares of Suncor Energy from C$47.00 to C$48.00 in a research note on Thursday, November 16th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$51.54.
The company 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 $0.36 dividend. The ex-dividend date is Friday, March 2nd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.32. This represents a $1.44 dividend on an annualized basis and a yield of 3.39%. Suncor Energy’s dividend payout ratio (DPR) is presently 46.64%.
ILLEGAL ACTIVITY NOTICE: “Cormark Comments on Suncor Energy Inc.’s Q2 2018 Earnings (SU)” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/15/cormark-comments-on-suncor-energy-inc-s-q2-2018-earnings-su.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.