Suncor Energy Inc. (TSE:SU) (NYSE:SU) – Investment analysts at National Bank Financial issued their FY2020 earnings per share estimates for shares of Suncor Energy in a research note issued to investors on Wednesday, February 6th. National Bank Financial analyst T. Wood expects that the company will earn $3.46 per share for the year. National Bank Financial currently has a “Outperform” rating and a $56.00 target price on the stock.
Several other research analysts also recently commented on SU. AltaCorp Capital raised Suncor Energy from a “sector perform” rating to an “outperform” rating in a report on Wednesday, October 17th. Mizuho dropped their price objective on Suncor Energy from C$61.00 to C$59.00 in a research note on Friday, November 2nd. Raymond James reissued an “outperform” rating and issued a C$70.00 price objective on shares of Suncor Energy in a research note on Friday, November 2nd. Morgan Stanley dropped their price objective on Suncor Energy from C$67.00 to C$58.00 in a research note on Tuesday, November 20th. Finally, Canaccord Genuity dropped their price objective on Suncor Energy from C$67.00 to C$65.00 in a research note on Tuesday, November 20th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$54.89.
Shares of SU opened at C$42.81 on Friday. The stock has a market cap of $70.22 billion and a price-to-earnings ratio of 14.19. Suncor Energy has a 12 month low of C$35.53 and a 12 month high of C$55.47. The company has a debt-to-equity ratio of 36.41, a quick ratio of 0.58 and a current ratio of 0.93.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Monday, March 4th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.92%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, March 1st. Suncor Energy’s payout ratio is currently 47.73%.
In other Suncor Energy news, insider Steven Walter Williams acquired 54,000 shares of the company’s stock in a transaction dated Friday, December 21st. The shares were bought at an average cost of C$36.86 per share, with a total value of C$1,990,440.00. Following the purchase, the insider now directly owns 465,102 shares of the company’s stock, valued at C$17,143,659.72.
About Suncor Energy
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.