Suncor Energy Inc. Forecasted to Post FY2019 Earnings of $3.15 Per Share (SU)
Suncor Energy Inc. (TSE:SU) (NYSE:SU) – Equities research analysts at National Bank Financial issued their FY2019 earnings per share (EPS) estimates for Suncor Energy in a research note issued on Thursday. National Bank Financial analyst T. Wood expects that the company will earn $3.15 per share for the year. National Bank Financial has a “Outperform” rating and a $56.00 price target on the stock.
SU has been the subject of a number of other research reports. Wells Fargo & Co boosted their target price on Suncor Energy from C$56.00 to C$59.00 in a research report on Thursday, January 11th. BMO Capital Markets boosted their target price on Suncor Energy from C$50.00 to C$52.00 in a research report on Thursday, November 16th. Royal Bank of Canada boosted their target price on Suncor Energy from C$49.00 to C$52.00 in a research report on Friday, February 9th. CIBC boosted their target price on Suncor Energy from C$50.00 to C$53.00 in a research report on Tuesday, October 17th. Finally, TD Securities boosted their target price on Suncor Energy from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$51.54.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 5th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, March 2nd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.32. Suncor Energy’s dividend payout ratio is currently 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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