Analysts Offer Predictions for Suncor Energy FY2025 Earnings

Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU - Equities research analysts at Raymond James dropped their FY2025 earnings per share estimates for shares of Suncor Energy in a research note issued on Wednesday, May 7th. Raymond James analyst M. Barth now anticipates that the oil and gas producer will post earnings of $2.82 per share for the year, down from their prior forecast of $3.92. The consensus estimate for Suncor Energy's current full-year earnings is $3.42 per share. Raymond James also issued estimates for Suncor Energy's FY2026 earnings at $2.37 EPS and FY2027 earnings at $2.46 EPS.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The business had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. During the same period in the prior year, the firm posted $1.41 EPS.

SU has been the subject of several other reports. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Bank of America began coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Finally, Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Suncor Energy currently has an average rating of "Moderate Buy" and an average price target of $59.20.

Suncor Energy Stock Performance

NYSE SU traded up $0.89 on Monday, hitting $35.85. 4,159,861 shares of the stock traded hands, compared to its average volume of 4,571,655. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The business's fifty day moving average is $35.59 and its two-hundred day moving average is $37.40. Suncor Energy has a 12 month low of $30.79 and a 12 month high of $41.95. The firm has a market capitalization of $44.21 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 2.94 and a beta of 0.79.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.4133 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.61%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio is currently 45.53%.

Institutional Investors Weigh In On Suncor Energy

Several hedge funds have recently made changes to their positions in SU. HHM Wealth Advisors LLC grew its holdings in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after acquiring an additional 325 shares during the period. Hanson & Doremus Investment Management boosted its holdings in Suncor Energy by 143.5% during the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock valued at $31,000 after acquiring an additional 465 shares during the period. Salem Investment Counselors Inc. grew its position in shares of Suncor Energy by 97.6% during the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock worth $32,000 after buying an additional 405 shares in the last quarter. Crowley Wealth Management Inc. purchased a new stake in Suncor Energy during the 4th quarter worth about $35,000. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Suncor Energy in the 4th quarter valued at $36,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

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.