Equities research analysts forecast that Suncor Energy Inc. (NYSE:SU) (TSE:SU) will announce $8.37 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Suncor Energy’s earnings, with the highest sales estimate coming in at $9.19 billion and the lowest estimate coming in at $7.73 billion. Suncor Energy posted sales of $7.12 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 17.6%. The business is expected to announce its next quarterly earnings results on Thursday, February 14th.
According to Zacks, analysts expect that Suncor Energy will report full year sales of $30.82 billion for the current financial year, with estimates ranging from $29.95 billion to $32.35 billion. For the next financial year, analysts expect that the firm will report sales of $31.82 billion, with estimates ranging from $27.70 billion to $38.00 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Suncor Energy.
Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Wednesday, October 31st. The oil and gas producer reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.25. The business had revenue of $8.31 billion during the quarter, compared to the consensus estimate of $9.29 billion. Suncor Energy had a net margin of 12.66% and a return on equity of 11.11%. During the same quarter in the prior year, the firm earned $0.52 EPS.
SU has been the subject of several research analyst reports. CIBC initiated coverage on shares of Suncor Energy in a research report on Friday, October 5th. They issued a “sector outperform” rating for the company. GMP Securities downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, December 13th. Zacks Investment Research upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Monday, October 8th. Mizuho restated an “average” rating and issued a $52.00 price target on shares of Suncor Energy in a research report on Monday, December 3rd. Finally, GARP Research upgraded shares of Suncor Energy from a “neutral” rating to a “buy” rating in a research report on Monday, October 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. Suncor Energy presently has an average rating of “Buy” and a consensus price target of $51.73.
Hedge funds have recently added to or reduced their stakes in the business. Howe & Rusling Inc. increased its stake in shares of Suncor Energy by 80.2% during the 3rd quarter. Howe & Rusling Inc. now owns 3,314 shares of the oil and gas producer’s stock worth $128,000 after purchasing an additional 1,475 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Suncor Energy by 3.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,683 shares of the oil and gas producer’s stock worth $2,038,000 after purchasing an additional 1,584 shares during the last quarter. Paloma Partners Management Co increased its stake in shares of Suncor Energy by 28.1% during the 3rd quarter. Paloma Partners Management Co now owns 7,262 shares of the oil and gas producer’s stock worth $281,000 after purchasing an additional 1,592 shares during the last quarter. Freestone Capital Holdings LLC increased its stake in shares of Suncor Energy by 9.9% during the 3rd quarter. Freestone Capital Holdings LLC now owns 17,760 shares of the oil and gas producer’s stock worth $687,000 after purchasing an additional 1,605 shares during the last quarter. Finally, Timber Hill LLC increased its stake in shares of Suncor Energy by 17.9% during the 3rd quarter. Timber Hill LLC now owns 10,928 shares of the oil and gas producer’s stock worth $423,000 after purchasing an additional 1,656 shares during the last quarter. Institutional investors own 65.65% of the company’s stock.
Shares of NYSE:SU opened at $30.42 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.93 and a quick ratio of 0.59. The company has a market capitalization of $48.96 billion, a P/E ratio of 20.15, a PEG ratio of 1.49 and a beta of 1.07. Suncor Energy has a 52 week low of $25.81 and a 52 week high of $42.55.
The business also recently announced a quarterly dividend, which was paid on Monday, December 24th. Shareholders of record on Monday, December 3rd were given a $0.2725 dividend. The ex-dividend date was Friday, November 30th. This represents a $1.09 dividend on an annualized basis and a yield of 3.58%. Suncor Energy’s payout ratio is 71.52%.
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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