FY2024 EPS Estimates for Suncor Energy Boosted by Analyst

Suncor Energy Inc. (TSE:SU) (NYSE:SU) – Stock analysts at Raymond James raised their FY2024 earnings estimates for shares of Suncor Energy in a research note issued to investors on Wednesday, November 13th. Raymond James analyst M. Barth now expects that the company will earn $5.29 per share for the year, up from their prior forecast of $5.02. The consensus estimate for Suncor Energy’s current full-year earnings is $4.42 per share. Raymond James also issued estimates for Suncor Energy’s FY2025 earnings at $4.86 EPS and FY2028 earnings at $4.51 EPS.

Several other brokerages have also issued reports on SU. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price target for the company in a research note on Wednesday, August 7th. TD Securities upped their target price on Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday. National Bankshares lifted their price target on shares of Suncor Energy from C$73.00 to C$76.00 in a research note on Thursday. Jefferies Financial Group cut their price objective on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Finally, Scotiabank lifted their target price on shares of Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$61.54.

Suncor Energy Stock Up 0.3 %

Shares of TSE:SU opened at C$57.00 on Friday. The firm has a fifty day moving average of C$52.72 and a 200 day moving average of C$53.12. Suncor Energy has a 52-week low of C$40.07 and a 52-week high of C$57.50. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The firm has a market capitalization of C$72.39 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were paid a $0.545 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.18 annualized dividend and a dividend yield of 3.82%. Suncor Energy’s payout ratio is presently 37.46%.

Insider Activity at Suncor Energy

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value of C$2,131,558.00. 0.01% of the stock is owned by company insiders.

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.