Raymond James Estimates Suncor Energy FY2029 Earnings

Suncor Energy Inc. (NYSE:SU) (TSE:SU) – Stock analysts at Raymond James issued their FY2029 earnings estimates for shares of Suncor Energy in a research note issued on Thursday, February 6th. Raymond James analyst M. Barth anticipates that the oil and gas producer will earn $3.52 per share for the year. The consensus estimate for Suncor Energy’s current full-year earnings is $3.25 per share.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.33% and a net margin of 11.80%.

Several other research analysts also recently commented on SU. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Royal Bank of Canada restated an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. Finally, Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and an average target price of $58.00.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at $39.53 on Monday. Suncor Energy has a 52 week low of $31.25 and a 52 week high of $41.94. The company has a market capitalization of $49.19 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 2.96 and a beta of 1.12. The stock’s fifty day moving average is $37.63 and its two-hundred day moving average is $38.55. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24.

Institutional Trading of Suncor Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in Suncor Energy by 66.0% in the 2nd quarter. AQR Capital Management LLC now owns 20,605 shares of the oil and gas producer’s stock worth $785,000 after buying an additional 8,194 shares during the period. CWM LLC boosted its holdings in shares of Suncor Energy by 20.2% in the 3rd quarter. CWM LLC now owns 5,312 shares of the oil and gas producer’s stock valued at $196,000 after acquiring an additional 894 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of Suncor Energy by 14.6% in the third quarter. Valeo Financial Advisors LLC now owns 7,924 shares of the oil and gas producer’s stock worth $293,000 after acquiring an additional 1,012 shares during the period. Cardinal Capital Management Inc. raised its holdings in shares of Suncor Energy by 0.5% during the third quarter. Cardinal Capital Management Inc. now owns 3,711,026 shares of the oil and gas producer’s stock worth $137,144,000 after purchasing an additional 17,179 shares during the last quarter. Finally, CHICAGO TRUST Co NA lifted its position in Suncor Energy by 8.8% during the third quarter. CHICAGO TRUST Co NA now owns 10,129 shares of the oil and gas producer’s stock valued at $374,000 after purchasing an additional 823 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be given a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s payout ratio is currently 45.22%.

Suncor Energy Company Profile

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.