Suncor Energy FY2024 EPS Forecast Lifted by Raymond James

Suncor Energy Inc. (TSE:SU) (NYSE:SU) – Investment analysts at Raymond James raised their FY2024 earnings per share (EPS) estimates for shares of Suncor Energy in a research report issued on Wednesday, November 13th. Raymond James analyst M. Barth now anticipates that the company will earn $5.29 per share for the year, up from their previous 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.

SU has been the topic of a number of other research reports. Wolfe Research upgraded Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 target price on the stock in a research note on Wednesday, August 7th. National Bankshares upped their target price on Suncor Energy from C$73.00 to C$76.00 in a research note on Thursday. Desjardins upped their target price on Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group lowered their target price on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$61.54.

Suncor Energy Stock Up 2.6 %

Suncor Energy stock opened at C$56.84 on Friday. 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 business’s 50-day simple moving average is C$52.52 and its two-hundred day simple moving average is C$53.07. The company has a market cap of C$72.19 billion, a PE ratio of 9.81, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a fifty-two week low of C$40.07 and a fifty-two week high of C$57.32.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were given a $0.545 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a yield of 3.84%. Suncor Energy’s payout ratio is currently 37.46%.

Insider Buying and Selling at Suncor Energy

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