Equities analysts expect that Suncor Energy Inc. (NYSE:SU) (TSE:SU) will post sales of $7.84 billion for the current quarter, according to Zacks. Three analysts have issued estimates for Suncor Energy’s earnings. The highest sales estimate is $8.88 billion and the lowest is $7.16 billion. Suncor Energy posted sales of $8.08 billion in the same quarter last year, which would indicate a negative year over year growth rate of 3%. The firm is expected to report its next earnings report after the market closes on Wednesday, July 24th.
According to Zacks, analysts expect that Suncor Energy will report full year sales of $31.78 billion for the current year, with estimates ranging from $30.72 billion to $34.13 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $32.98 billion, with estimates ranging from $31.26 billion to $35.79 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Suncor Energy.
Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.38. Suncor Energy had a return on equity of 10.06% and a net margin of 10.03%. The firm had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $7.06 billion. During the same quarter in the previous year, the business posted $0.60 earnings per share.
Suncor Energy stock traded down $0.04 during midday trading on Monday, reaching $31.15. The company’s stock had a trading volume of 2,130,008 shares, compared to its average volume of 2,625,864. Suncor Energy has a 52 week low of $25.81 and a 52 week high of $42.55. The company has a current ratio of 0.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average is $31.25. The firm has a market cap of $48.80 billion, a PE ratio of 15.58, a PEG ratio of 1.68 and a beta of 1.08.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 4th were paid a dividend of $0.3121 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Monday, June 3rd. Suncor Energy’s payout ratio is 62.00%.
Several hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Suncor Energy in the fourth quarter worth approximately $467,575,000. Sanders Capital LLC lifted its stake in shares of Suncor Energy by 25.1% in the first quarter. Sanders Capital LLC now owns 24,516,616 shares of the oil and gas producer’s stock worth $834,328,000 after acquiring an additional 4,914,700 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Suncor Energy in the first quarter worth approximately $170,379,000. Lazard Asset Management LLC lifted its stake in shares of Suncor Energy by 328.2% in the first quarter. Lazard Asset Management LLC now owns 3,849,360 shares of the oil and gas producer’s stock worth $124,834,000 after acquiring an additional 2,950,451 shares during the period. Finally, FIL Ltd lifted its stake in shares of Suncor Energy by 4.4% in the first quarter. FIL Ltd now owns 44,367,061 shares of the oil and gas producer’s stock worth $1,437,901,000 after acquiring an additional 1,862,871 shares during the period. 65.18% of the stock is currently owned by hedge funds and other institutional investors.
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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