FY2025 EPS Estimates for Suncor Energy Raised by Analyst

Key Points

• Raymond James Financial has raised its FY2025 earnings per share (EPS) estimate for Suncor Energy to $3.07, up from a previous forecast of $2.82.
• Suncor Energy has recently increased its quarterly dividend to $0.4135, representing a yield of 4.2% and an annualized payout of $1.65 per share.
• Institutional investors own approximately 67.37% of Suncor Energy's stock, indicating significant confidence in the company's market position.

Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU - Raymond James Financial raised their FY2025 earnings per share estimates for Suncor Energy in a research note issued on Wednesday, August 6th. Raymond James Financial analyst M. Barth now expects that the oil and gas producer will post earnings per share of $3.07 for the year, up from their prior estimate of $2.82. 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 FY2026 earnings at $2.45 EPS, FY2027 earnings at $2.56 EPS and FY2028 earnings at $3.61 EPS.

Separately, Wall Street Zen downgraded Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $66.00.

Suncor Energy Stock Up 0.2%

NYSE:SU traded up $0.07 during mid-day trading on Monday, reaching $38.91. The stock had a trading volume of 1,230,097 shares, compared to its average volume of 4,719,436. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77. The stock's 50 day simple moving average is $38.91 and its two-hundred day simple moving average is $37.36. Suncor Energy has a 1-year low of $30.79 and a 1-year high of $41.94. The company has a market capitalization of $47.38 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 3.34 and a beta of 0.84.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The business had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $11.56 billion. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%. During the same period last year, the firm earned $1.27 earnings per share.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.4135 per share. This represents a $1.65 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, September 4th. This is an increase from Suncor Energy's previous quarterly dividend of $0.41. Suncor Energy's dividend payout ratio (DPR) is presently 50.46%.

Institutional Trading of Suncor Energy

Several hedge funds have recently added to or reduced their stakes in SU. Covestor Ltd grew its position in Suncor Energy by 30.5% during the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after purchasing an additional 256 shares in the last quarter. Ascent Group LLC grew its position in Suncor Energy by 4.7% during the 2nd quarter. Ascent Group LLC now owns 5,769 shares of the oil and gas producer's stock worth $216,000 after purchasing an additional 260 shares in the last quarter. Stifel Financial Corp grew its position in Suncor Energy by 0.3% during the 4th quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer's stock worth $3,408,000 after purchasing an additional 265 shares in the last quarter. Freedom Investment Management Inc. grew its position in Suncor Energy by 2.0% during the 4th quarter. Freedom Investment Management Inc. now owns 15,344 shares of the oil and gas producer's stock worth $547,000 after purchasing an additional 302 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Suncor Energy by 27.6% during the 2nd quarter. IFP Advisors Inc now owns 1,428 shares of the oil and gas producer's stock valued at $53,000 after acquiring an additional 309 shares in the last quarter. Institutional investors own 67.37% of the company's stock.

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.