FY2028 EPS Estimate for Suncor Energy Decreased by Analyst

Key Points

• Raymond James Financial has reduced their FY2028 EPS estimate for Suncor Energy from $5.05 to $4.95, maintaining a "Market Perform" rating with a $58.00 target price.
• Suncor Energy's most recent quarterly earnings yielded an EPS of C$0.71, with a net margin of 15.15% and return on equity of 18.10%.
• The company has announced a quarterly dividend of $0.57, reflecting an annualized payout of $2.28 and a dividend yield of 4.2%.

Suncor Energy Inc. (TSE:SU - Free Report) NYSE: SU - Stock analysts at Raymond James Financial reduced their FY2028 earnings per share estimates for shares of Suncor Energy in a research report issued on Wednesday, August 6th. Raymond James Financial analyst M. Barth now forecasts that the company will earn $4.95 per share for the year, down from their prior estimate of $5.05. Raymond James Financial currently has a "Market Perform" rating and a $58.00 target price on the stock. The consensus estimate for Suncor Energy's current full-year earnings is $4.42 per share. Raymond James Financial also issued estimates for Suncor Energy's FY2029 earnings at $5.25 EPS.

A number of other analysts have also issued reports on SU. Scotiabank increased their target price on Suncor Energy from C$60.00 to C$62.00 and gave the company a "sector perform" rating in a report on Wednesday, August 6th. TD Securities increased their price objective on Suncor Energy from C$62.00 to C$63.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. ATB Capital raised their price target on Suncor Energy from C$60.00 to C$62.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Jefferies Financial Group boosted their price target on Suncor Energy from C$48.00 to C$53.00 in a research note on Monday, July 14th. Finally, Wells Fargo & Company raised their price objective on shares of Suncor Energy from C$59.00 to C$60.00 and gave the company an "overweight" rating in a research report on Thursday, June 26th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$62.67.

Suncor Energy Stock Up 0.1%

Shares of SU traded up C$0.05 during mid-day trading on Friday, reaching C$53.50. The company's stock had a trading volume of 4,476,324 shares, compared to its average volume of 7,971,462. The business has a fifty day moving average of C$53.23 and a 200 day moving average of C$52.23. The company has a market cap of C$67.10 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. Suncor Energy has a 1 year low of C$43.59 and a 1 year high of C$58.58. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its quarterly earnings data on Tuesday, August 5th. The company reported C$0.71 EPS for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%.

Suncor Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 25th were paid a $0.57 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.3%. Suncor Energy's payout ratio is presently 34.42%.

Insider Transactions at Suncor Energy

In related news, Director Russell Girling acquired 10,000 shares of the business's stock in a transaction dated Friday, June 6th. The stock was acquired at an average price of C$50.41 per share, with a total value of C$504,100.00. Also, Senior Officer Jacqueline Sue Moore sold 25,585 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of C$55.99, for a total transaction of C$1,432,478.57. Insiders own 0.01% of the company's stock.

Suncor Energy Company Profile

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.