Suncor Energy FY2026 EPS Boosted by Raymond James Financial

Suncor Energy Inc. (NYSE:SU) (TSE:SU) – Equities research analysts at Raymond James Financial boosted their FY2026 EPS estimates for Suncor Energy in a research note issued on Thursday, November 6th. Raymond James Financial analyst M. Barth now expects that the oil and gas producer will post earnings per share of $3.14 for the year, up from their prior estimate of $2.45. Raymond James Financial currently has a “Outperform” rating on the stock. The consensus estimate for Suncor Energy’s current full-year earnings is $3.42 per share. Raymond James Financial also issued estimates for Suncor Energy’s FY2027 earnings at $3.10 EPS and FY2028 earnings at $3.89 EPS.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, November 4th. The oil and gas producer reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.22. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. The company had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the prior year, the business posted $1.48 EPS.

SU has been the topic of several other research reports. Weiss Ratings raised Suncor Energy from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday. Zacks Research cut Suncor Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $65.00 target price on shares of Suncor Energy in a research note on Friday, October 3rd. Finally, Wells Fargo & Company assumed coverage on shares of Suncor Energy in a report on Friday, October 17th. They issued an “equal weight” rating for the company. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Suncor Energy Stock Performance

Shares of SU opened at $44.04 on Monday. The firm has a market capitalization of $53.13 billion, a P/E ratio of 13.55, a P/E/G ratio of 3.52 and a beta of 0.75. Suncor Energy has a 52 week low of $30.79 and a 52 week high of $44.20. The stock has a 50 day moving average price of $40.91 and a two-hundred day moving average price of $39.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.26.

Hedge Funds Weigh In On Suncor Energy

Several large investors have recently modified their holdings of SU. MAI Capital Management raised its holdings in Suncor Energy by 7.9% during the 3rd quarter. MAI Capital Management now owns 7,240 shares of the oil and gas producer’s stock valued at $303,000 after acquiring an additional 528 shares during the period. Compound Planning Inc. raised its position in Suncor Energy by 6.9% in the 3rd quarter. Compound Planning Inc. now owns 15,406 shares of the oil and gas producer’s stock worth $644,000 after purchasing an additional 990 shares during the period. EverSource Wealth Advisors LLC grew its position in Suncor Energy by 10.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,947 shares of the oil and gas producer’s stock worth $123,000 after acquiring an additional 280 shares during the last quarter. Intelligence Driven Advisers LLC bought a new position in shares of Suncor Energy in the third quarter worth approximately $228,000. Finally, X Square Capital LLC increased its position in shares of Suncor Energy by 1.3% in the third quarter. X Square Capital LLC now owns 85,551 shares of the oil and gas producer’s stock valued at $3,577,000 after acquiring an additional 1,109 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 5.4%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Wednesday, December 3rd. Suncor Energy’s dividend payout ratio is currently 55.74%.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.