Equities research analysts forecast that Suncor Energy Inc. (NYSE:SU) (TSE:SU) will report earnings of $0.87 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Suncor Energy’s earnings. The lowest EPS estimate is $0.62 and the highest is $1.03. Suncor Energy reported earnings of $0.62 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 40.3%. The company is expected to report its next quarterly earnings report on Thursday, February 14th.
On average, analysts expect that Suncor Energy will report full-year earnings of $2.56 per share for the current year, with EPS estimates ranging from $2.17 to $2.88. For the next year, analysts expect that the business will post earnings of $3.34 per share, with EPS estimates ranging from $2.71 to $4.17. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Suncor Energy.
Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.25. Suncor Energy had a net margin of 12.25% and a return on equity of 9.61%. The company had revenue of $8.31 billion during the quarter, compared to analysts’ expectations of $9.29 billion. During the same period last year, the business earned $0.52 EPS.
SU has been the topic of several recent research reports. Zacks Investment Research raised shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Saturday, July 7th. Mizuho initiated coverage on Suncor Energy in a report on Monday, July 23rd. They issued a “buy” rating for the company. ValuEngine downgraded Suncor Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. JPMorgan Chase & Co. cut Suncor Energy from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 11th. Finally, CIBC began coverage on Suncor Energy in a research report on Friday, October 5th. They issued a “sector outperform” rating for the company. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $49.17.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Suncor Energy by 1.1% in the 2nd quarter. BlackRock Inc. now owns 29,712,005 shares of the oil and gas producer’s stock worth $1,208,684,000 after buying an additional 336,786 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Suncor Energy by 17.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,966,446 shares of the oil and gas producer’s stock worth $812,045,000 after buying an additional 2,911,304 shares during the last quarter. Sanders Capital LLC boosted its stake in Suncor Energy by 57.3% in the 3rd quarter. Sanders Capital LLC now owns 18,556,830 shares of the oil and gas producer’s stock worth $798,710,000 after buying an additional 6,760,416 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in Suncor Energy by 4.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 15,531,280 shares of the oil and gas producer’s stock worth $631,812,000 after buying an additional 730,174 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Suncor Energy by 4.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 14,071,571 shares of the oil and gas producer’s stock worth $574,449,000 after buying an additional 601,708 shares during the last quarter. 65.59% of the stock is currently owned by hedge funds and other institutional investors.
NYSE SU traded up $0.05 on Friday, hitting $33.71. The company had a trading volume of 213,989 shares, compared to its average volume of 4,351,822. The firm has a market cap of $53.59 billion, a PE ratio of 22.34, a PEG ratio of 1.42 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.56 and a current ratio of 0.90. Suncor Energy has a 12-month low of $31.33 and a 12-month high of $42.55.
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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