Raymond James Weighs in on Suncor Energy FY2029 Earnings

Suncor Energy Inc. (TSE:SU) (NYSE:SU) – Equities researchers at Raymond James issued their FY2029 earnings per share (EPS) estimates for Suncor Energy in a research report issued on Thursday, February 6th. Raymond James analyst M. Barth anticipates that the company will post earnings per share of $5.03 for the year. Raymond James currently has a “Market Perform” rating and a $58.00 target price on the stock. The consensus estimate for Suncor Energy’s current full-year earnings is $4.42 per share.

SU has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price objective on shares of Suncor Energy from C$59.00 to C$61.00 in a research note on Friday, December 13th. Gerdes Energy Research set a C$69.00 price target on shares of Suncor Energy and gave the stock a “buy” rating in a research note on Monday, November 25th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 14th. National Bankshares upped their price objective on Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, TD Securities lifted their target price on Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$62.54.

Suncor Energy Stock Performance

TSE:SU opened at C$56.57 on Monday. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The firm has a market cap of C$71.84 billion, a PE ratio of 9.72, a P/E/G ratio of 0.15 and a beta of 1.47. The firm has a 50 day simple moving average of C$53.97 and a 200-day simple moving average of C$53.75. Suncor Energy has a 1-year low of C$42.43 and a 1-year high of C$58.58.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$1.48 EPS for the quarter, topping analysts’ consensus estimates of C$1.10 by C$0.38. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. During the same quarter in the previous year, the firm posted $1.52 earnings per share.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Shelley Powell sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total value of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. 0.01% of the stock is owned by insiders.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.55. Suncor Energy’s payout ratio is currently 37.46%.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.