Brokerages expect Suncor Energy Inc. (NYSE:SU) (TSE:SU) to report earnings of $0.49 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Suncor Energy’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.53. Suncor Energy reported earnings of $0.27 per share during the same quarter last year, which would indicate a positive year over year growth rate of 81.5%. The company is scheduled to report its next earnings results on Tuesday, February 4th.

On average, analysts expect that Suncor Energy will report full-year earnings of $2.50 per share for the current fiscal year, with EPS estimates ranging from $2.23 to $3.09. For the next year, analysts forecast that the company will post earnings of $2.08 per share, with EPS estimates ranging from $1.60 to $2.42. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Suncor Energy.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Wednesday, October 30th. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $7.50 billion during the quarter, compared to analyst estimates of $8.02 billion. Suncor Energy had a return on equity of 9.24% and a net margin of 12.87%.

Several analysts have issued reports on the stock. Raymond James set a $48.00 price objective on shares of Suncor Energy and gave the company a “buy” rating in a research report on Saturday, November 2nd. CIBC set a $53.00 target price on shares of Suncor Energy and gave the stock a “buy” rating in a research report on Friday, October 11th. Citigroup reduced their target price on shares of Suncor Energy from $59.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. ValuEngine upgraded shares of Suncor Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, National Bank Financial lowered shares of Suncor Energy from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Suncor Energy currently has an average rating of “Buy” and a consensus price target of $47.12.

Suncor Energy stock traded down $0.49 during midday trading on Tuesday, hitting $30.66. 3,155,481 shares of the company were exchanged, compared to its average volume of 3,240,765. The company has a market cap of $47.13 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 1.70 and a beta of 1.09. Suncor Energy has a fifty-two week low of $25.81 and a fifty-two week high of $34.87. The company’s fifty day moving average price is $31.11 and its 200-day moving average price is $30.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.59.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.319 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.28 annualized dividend and a yield of 4.16%. Suncor Energy’s dividend payout ratio is presently 63.00%.

Several large investors have recently modified their holdings of SU. Ellevest Inc. bought a new position in Suncor Energy during the 2nd quarter valued at $37,000. Doyle Wealth Management acquired a new position in Suncor Energy during the 2nd quarter worth $38,000. Cornerstone Advisors Inc. increased its position in shares of Suncor Energy by 34.5% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,473 shares of the oil and gas producer’s stock worth $46,000 after purchasing an additional 378 shares during the last quarter. Resources Investment Advisors LLC. increased its position in shares of Suncor Energy by 33.3% in the 2nd quarter. Resources Investment Advisors LLC. now owns 1,600 shares of the oil and gas producer’s stock worth $50,000 after purchasing an additional 400 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in shares of Suncor Energy by 83.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,763 shares of the oil and gas producer’s stock worth $55,000 after purchasing an additional 802 shares during the last quarter. Institutional investors and hedge funds own 65.14% of the company’s stock.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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

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