$6.55 Billion in Sales Expected for Suncor Energy Inc. (SU) This Quarter

Brokerages predict that Suncor Energy Inc. (NYSE:SU) (TSE:SU) will post sales of $6.55 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Suncor Energy ‘s earnings, with the highest sales estimate coming in at $7.05 billion and the lowest estimate coming in at $6.20 billion. Suncor Energy reported sales of $5.67 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.5%. The company is expected to issue its next earnings results on Wednesday, October 25th.

On average, analysts expect that Suncor Energy will report full-year sales of $6.55 billion for the current year, with estimates ranging from $24.42 billion to $26.24 billion. For the next financial year, analysts anticipate that the business will report sales of $26.61 billion per share, with estimates ranging from $25.57 billion to $29.08 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Suncor Energy .

Several equities research analysts recently issued reports on SU shares. BidaskClub raised Suncor Energy from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research raised Suncor Energy from a “sell” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, July 4th. Barclays PLC reissued an “overweight” rating and issued a $52.00 price objective (up from $47.00) on shares of Suncor Energy in a research note on Wednesday, July 12th. Citigroup Inc. reissued a “buy” rating on shares of Suncor Energy in a research note on Wednesday, August 2nd. Finally, AltaCorp Capital downgraded Suncor Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $42.86.

Shares of Suncor Energy (SU) opened at 34.67 on Monday. Suncor Energy has a 12-month low of $27.40 and a 12-month high of $35.18. The stock has a market cap of $57.53 billion, a PE ratio of 26.07 and a beta of 0.83. The firm has a 50-day moving average price of $33.18 and a 200 day moving average price of $31.42.

The company also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th were paid a dividend of $0.2552 per share. The ex-dividend date was Thursday, August 31st. This is an increase from Suncor Energy ‘s previous quarterly dividend of $0.24. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.94%. Suncor Energy ‘s dividend payout ratio (DPR) is 84.43%.

Institutional investors and hedge funds have recently bought and sold shares of the company. First Personal Financial Services raised its stake in shares of Suncor Energy by 144.1% during the 2nd quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock worth $112,000 after purchasing an additional 2,270 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Suncor Energy by 13.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock worth $136,000 after purchasing an additional 562 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Suncor Energy by 90.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,725 shares of the oil and gas producer’s stock worth $124,000 after purchasing an additional 2,248 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Suncor Energy by 680.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer’s stock worth $167,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its stake in shares of Suncor Energy by 546.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 6,360 shares of the oil and gas producer’s stock worth $344,000 after purchasing an additional 5,376 shares in the last quarter. 64.05% of the stock is owned by institutional investors.

WARNING: “$6.55 Billion in Sales Expected for Suncor Energy Inc. (SU) This Quarter” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/09/6-55-billion-in-sales-expected-for-suncor-energy-inc-su-this-quarter.html.

About Suncor Energy

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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On average, analysts expect that Suncor Energy will report full-year sales of $6.55 billion for the current year, with estimates ranging from $24.42 billion to $26.24 billion. For the next financial year, analysts anticipate that the business will report sales of $26.61 billion per share, with estimates ranging from $25.57 billion to $29.08 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Suncor Energy .

Several equities research analysts recently issued reports on SU shares. BidaskClub raised Suncor Energy from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research raised Suncor Energy from a “sell” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, July 4th. Barclays PLC reissued an “overweight” rating and issued a $52.00 price objective (up from $47.00) on shares of Suncor Energy in a research note on Wednesday, July 12th. Citigroup Inc. reissued a “buy” rating on shares of Suncor Energy in a research note on Wednesday, August 2nd. Finally, AltaCorp Capital downgraded Suncor Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $42.86.

Shares of Suncor Energy (SU) opened at 34.67 on Monday. Suncor Energy has a 12-month low of $27.40 and a 12-month high of $35.18. The stock has a market cap of $57.53 billion, a PE ratio of 26.07 and a beta of 0.83. The firm has a 50-day moving average price of $33.18 and a 200 day moving average price of $31.42.

The company also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th were paid a dividend of $0.2552 per share. The ex-dividend date was Thursday, August 31st. This is an increase from Suncor Energy ‘s previous quarterly dividend of $0.24. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.94%. Suncor Energy ‘s dividend payout ratio (DPR) is 84.43%.

Institutional investors and hedge funds have recently bought and sold shares of the company. First Personal Financial Services raised its stake in shares of Suncor Energy by 144.1% during the 2nd quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock worth $112,000 after purchasing an additional 2,270 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Suncor Energy by 13.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock worth $136,000 after purchasing an additional 562 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Suncor Energy by 90.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,725 shares of the oil and gas producer’s stock worth $124,000 after purchasing an additional 2,248 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Suncor Energy by 680.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer’s stock worth $167,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its stake in shares of Suncor Energy by 546.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 6,360 shares of the oil and gas producer’s stock worth $344,000 after purchasing an additional 5,376 shares in the last quarter. 64.05% of the stock is owned by institutional investors.

WARNING: “$6.55 Billion in Sales Expected for Suncor Energy Inc. (SU) This Quarter” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/09/6-55-billion-in-sales-expected-for-suncor-energy-inc-su-this-quarter.html.

About Suncor Energy

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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Earnings History and Estimates for Suncor Energy  (NYSE:SU)

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