Raymond James Boosts Earnings Estimates for Suncor Energy

Suncor Energy Inc. (TSE:SU) (NYSE:SU) – Investment analysts at Raymond James boosted their FY2026 earnings estimates for shares of Suncor Energy in a research report issued to clients and investors on Wednesday, November 13th. Raymond James analyst M. Barth now forecasts that the company will post earnings of $4.34 per share for the year, up from their previous forecast of $4.20. 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 FY2027 earnings at $4.52 EPS.

Several other brokerages also recently commented on SU. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 14th. UBS Group boosted their target price on shares of Suncor Energy from C$61.00 to C$65.00 in a research note on Monday. Jefferies Financial Group reduced their target price on shares of 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. Royal Bank of Canada boosted their target price on shares of Suncor Energy from C$64.00 to C$66.00 in a research note on Thursday, November 14th. Finally, National Bankshares boosted their target price on shares of Suncor Energy from C$73.00 to C$76.00 in a research note on Thursday, November 14th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$61.81.

Suncor Energy Stock Up 0.0 %

Shares of TSE:SU opened at C$57.21 on Monday. Suncor Energy has a 52 week low of C$40.07 and a 52 week high of C$57.69. 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 company’s fifty day moving average is C$52.98 and its 200-day moving average is C$53.16. The company has a market capitalization of C$72.66 billion, a PE ratio of 9.83, a P/E/G ratio of 0.15 and a beta of 1.47.

Suncor Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were paid a $0.545 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.81%. Suncor Energy’s dividend payout ratio (DPR) is presently 37.46%.

Insider Activity

In other news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$57.10, for a total value of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total value of C$2,843,700.00. 0.01% of the stock is currently owned by company 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.