$0.19 EPS Expected for Suncor Energy Inc. (NYSE:SU) This Quarter

Equities analysts expect Suncor Energy Inc. (NYSE:SU) (TSE:SU) to announce earnings per share (EPS) of $0.19 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Suncor Energy ‘s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.07. Suncor Energy posted earnings per share of $0.16 in the same quarter last year, which suggests a positive year over year growth rate of 18.8%. The firm is expected to issue its next earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that Suncor Energy will report full-year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $1.55. For the next year, analysts expect that the business will report earnings of $1.12 per share, with EPS estimates ranging from $0.40 to $1.62. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Suncor Energy .

Several equities analysts have recently weighed in on SU shares. AltaCorp Capital cut shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday. Zacks Investment Research upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Tuesday, April 11th. BidaskClub upgraded shares of Suncor Energy from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Goldman Sachs Group, Inc. (The) upgraded shares of Suncor Energy from a “buy” rating to a “conviction-buy” rating and lifted their price objective for the company from $25.00 to $34.00 in a research report on Wednesday, April 5th. They noted that the move was a valuation call. Finally, Scotiabank cut shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $42.10.

Several hedge funds have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co increased its stake in Suncor Energy by 90.8% in the first quarter. CENTRAL TRUST Co now owns 3,641 shares of the oil and gas producer’s stock valued at $112,000 after buying an additional 1,733 shares during the last quarter. Howe & Rusling Inc. increased its stake in Suncor Energy by 19.3% in the first quarter. Howe & Rusling Inc. now owns 4,143 shares of the oil and gas producer’s stock valued at $127,000 after buying an additional 670 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in Suncor Energy by 1.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 4,061 shares of the oil and gas producer’s stock valued at $128,000 after buying an additional 42 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Suncor Energy by 6.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,224 shares of the oil and gas producer’s stock valued at $130,000 after buying an additional 238 shares during the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in Suncor Energy during the fourth quarter valued at $152,000. Hedge funds and other institutional investors own 65.22% of the company’s stock.

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Shares of Suncor Energy (SU) traded up 2.53% during mid-day trading on Wednesday, reaching $32.46. 4,852,286 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $29.78 and its 200-day moving average price is $30.89. The stock has a market cap of $53.86 billion, a price-to-earnings ratio of 25.30 and a beta of 0.80. Suncor Energy has a 12-month low of $25.70 and a 12-month high of $33.79.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Tuesday, September 5th will be issued a $0.2552 dividend. This is an increase from Suncor Energy ‘s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Thursday, August 31st. Suncor Energy ‘s payout ratio is presently 77.87%.

Suncor Energy announced that its board has authorized a stock repurchase plan on Wednesday, April 26th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the oil and gas producer to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

About Suncor Energy

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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