Brokers Set Expectations for Suncor Energy FY2025 Earnings

Suncor Energy Inc. (NYSE:SU) (TSE:SU) – Analysts at Raymond James decreased their FY2025 earnings estimates for shares of Suncor Energy in a report issued on Wednesday, May 7th. Raymond James analyst M. Barth now expects that the oil and gas producer will post earnings per share of $2.82 for the year, down from their previous estimate of $3.92. The consensus estimate for Suncor Energy’s current full-year earnings is $3.42 per share. Raymond James also issued estimates for Suncor Energy’s FY2026 earnings at $2.37 EPS and FY2027 earnings at $2.46 EPS.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. The company had revenue of $9.10 billion during the quarter, compared to analyst estimates of $13.39 billion. During the same quarter last year, the firm posted $1.41 EPS.

Several other brokerages have also recently commented on SU. Bank of America assumed coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a “neutral” rating for the company. Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Finally, Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and an average price target of $59.20.

Suncor Energy Stock Performance

Shares of SU opened at $34.97 on Monday. Suncor Energy has a one year low of $30.79 and a one year high of $41.95. The company has a 50-day moving average of $35.59 and a two-hundred day moving average of $37.40. The stock has a market cap of $43.12 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 2.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86.

Institutional Investors Weigh In On Suncor Energy

A number of large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its holdings in Suncor Energy by 86.0% in the 4th quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer’s stock valued at $2,421,000 after buying an additional 31,366 shares in the last quarter. Sage Investment Counsel LLC acquired a new position in Suncor Energy in the 4th quarter valued at $300,000. J.W. Cole Advisors Inc. acquired a new position in Suncor Energy in the 4th quarter valued at $236,000. Bank of New York Mellon Corp grew its holdings in Suncor Energy by 104.2% in the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer’s stock valued at $110,017,000 after buying an additional 1,573,726 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Suncor Energy by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer’s stock valued at $159,030,000 after buying an additional 99,669 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.4133 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.73%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio is currently 45.24%.

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.