Wall Street analysts predict that Suncor Energy Inc. (NYSE:SU) (TSE:SU) will announce $7.06 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Suncor Energy’s earnings. The lowest sales estimate is $6.16 billion and the highest is $7.99 billion. Suncor Energy posted sales of $6.92 billion in the same quarter last year, which suggests a positive year over year growth rate of 2%. The business is expected to report its next earnings report on Tuesday, May 7th.
On average, analysts expect that Suncor Energy will report full-year sales of $30.88 billion for the current fiscal year, with estimates ranging from $28.69 billion to $34.51 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $32.24 billion, with estimates ranging from $28.30 billion to $35.61 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Suncor Energy.
Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, February 5th. The oil and gas producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.11). The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $8.13 billion. Suncor Energy had a return on equity of 9.50% and a net margin of 8.48%.
Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Suncor Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, February 11th. UBS Group reiterated a “buy” rating and issued a $49.00 target price on shares of Suncor Energy in a research report on Monday, January 7th. Credit Suisse Group assumed coverage on shares of Suncor Energy in a research report on Monday, January 28th. They issued a “neutral” rating and a $32.02 target price for the company. TheStreet cut shares of Suncor Energy from a “b-” rating to a “c+” rating in a research report on Monday, February 11th. Finally, Macquarie upgraded shares of Suncor Energy from a “neutral” rating to an “outperform” rating and set a $33.30 target price for the company in a research report on Thursday, February 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $49.93.
Shares of NYSE SU traded up $0.45 during trading hours on Friday, hitting $33.34. 75,994 shares of the stock were exchanged, compared to its average volume of 3,124,313. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 0.32. The firm has a market cap of $52.13 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 2.19 and a beta of 1.16. Suncor Energy has a 12 month low of $25.81 and a 12 month high of $42.55.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.84%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.27. Suncor Energy’s dividend payout ratio is currently 63.50%.
Several institutional investors and hedge funds have recently made changes to their positions in SU. Vanguard Group Inc. boosted its stake in Suncor Energy by 2.4% during the third quarter. Vanguard Group Inc. now owns 45,511,913 shares of the oil and gas producer’s stock worth $1,760,855,000 after buying an additional 1,077,378 shares during the period. Vanguard Group Inc boosted its stake in Suncor Energy by 2.4% during the third quarter. Vanguard Group Inc now owns 45,511,913 shares of the oil and gas producer’s stock worth $1,760,855,000 after buying an additional 1,077,378 shares during the period. BlackRock Inc. boosted its stake in Suncor Energy by 3.5% during the fourth quarter. BlackRock Inc. now owns 31,170,360 shares of the oil and gas producer’s stock worth $871,835,000 after buying an additional 1,060,818 shares during the period. Sanders Capital LLC boosted its stake in Suncor Energy by 5.6% during the fourth quarter. Sanders Capital LLC now owns 19,601,916 shares of the oil and gas producer’s stock worth $620,488,000 after buying an additional 1,045,086 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Suncor Energy by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 19,009,491 shares of the oil and gas producer’s stock worth $531,696,000 after buying an additional 116,051 shares during the period. 65.93% of the stock is owned by hedge funds and other institutional investors.
Suncor Energy Company Profile
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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