Suncor Energy Inc. (NYSE:SU) (TSE:SU) – Analysts at Cormark increased their Q4 2016 earnings per share (EPS) estimates for shares of Suncor Energy in a research report issued on Friday. Cormark analyst A. Arif now anticipates that the brokerage will post earnings per share of $0.21 for the quarter, up from their prior estimate of $0.14.

Earnings History and Estimates for Suncor Energy (NYSE:SU)

A number of other research firms also recently weighed in on SU. BMO Capital Markets reaffirmed an “outperform” rating and set a $50.00 price target on shares of Suncor Energy in a research note on Monday. RBC Capital Markets reaffirmed an “outperform” rating and set a $47.00 price target (up previously from $45.00) on shares of Suncor Energy in a research note on Monday. Scotiabank reissued an “outperform” rating and issued a $45.00 target price (up previously from $44.00) on shares of Suncor Energy in a research note on Monday. TD Securities reissued a “buy” rating and issued a $46.00 target price (up previously from $45.00) on shares of Suncor Energy in a research note on Monday. Finally, Zacks Investment Research raised shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Friday, October 28th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $41.15.

Suncor Energy (NYSE:SU) opened at 31.70 on Monday. Suncor Energy has a 52 week low of $18.71 and a 52 week high of $32.19. The firm’s market cap is $52.78 billion. The company’s 50 day moving average is $29.50 and its 200-day moving average is $27.80.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Friday, December 2nd will be issued a $0.216 dividend. This represents a $0.86 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Wednesday, November 30th. Suncor Energy’s dividend payout ratio (DPR) is presently -81.65%.

Several hedge funds and other institutional investors have recently bought and sold shares of SU. Cohen & Steers Inc. raised its position in Suncor Energy by 25,557.6% in the second quarter. Cohen & Steers Inc. now owns 13,218,799 shares of the company’s stock valued at $158,463,000 after buying an additional 13,167,279 shares during the period. Capital Research Global Investors raised its position in Suncor Energy by 18.1% in the third quarter. Capital Research Global Investors now owns 83,187,261 shares of the company’s stock valued at $2,309,295,000 after buying an additional 12,754,839 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Suncor Energy during the third quarter valued at approximately $318,438,000. FMR LLC raised its position in Suncor Energy by 8.8% in the second quarter. FMR LLC now owns 88,848,770 shares of the company’s stock valued at $2,464,755,000 after buying an additional 7,159,007 shares during the period. Finally, BlackRock Advisors LLC raised its position in Suncor Energy by 292.1% in the second quarter. BlackRock Advisors LLC now owns 8,889,630 shares of the company’s stock valued at $246,509,000 after buying an additional 6,622,549 shares during the period. 64.30% of the stock is owned by institutional investors and hedge funds.

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About Suncor Energy

Suncor Energy Inc (Suncor) is an 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.

5 Day Chart for NYSE:SU

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