Suncor Energy (SU) Set to Announce Earnings on Tuesday

Suncor Energy (TSE:SU) (NYSE:SU) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Suncor Energy to post earnings of C$1.23 per share for the quarter.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, beating the consensus estimate of C$1.05 by C$0.21. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. The firm had revenue of C$14.14 billion during the quarter, compared to analysts’ expectations of C$11.33 billion.

Suncor Energy Stock Performance

Suncor Energy stock traded down C$0.55 during mid-day trading on Wednesday, hitting C$51.98. 517,044 shares of the company’s stock traded hands, compared to its average volume of 7,621,526. Suncor Energy has a fifty-two week low of C$37.09 and a fifty-two week high of C$54.25. The stock has a market cap of C$67.05 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 0.15 and a beta of 1.52. The firm has a 50 day simple moving average of C$49.88 and a two-hundred day simple moving average of C$46.07. The company has a debt-to-equity ratio of 36.52, a current ratio of 1.44 and a quick ratio of 0.83.

Suncor Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.19%. Suncor Energy’s payout ratio is 34.44%.

Insider Activity at Suncor Energy

In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total value of C$751,776.00. In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total value of C$549,960.00. Also, Senior Officer Shelley Powell sold 16,400 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total transaction of C$751,776.00. 0.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SU shares. TD Securities upped their target price on Suncor Energy from C$46.00 to C$48.00 and gave the stock a “hold” rating in a report on Thursday, February 22nd. National Bankshares raised their target price on Suncor Energy from C$57.00 to C$75.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Royal Bank of Canada increased their price target on Suncor Energy from C$52.00 to C$58.00 in a research report on Tuesday, April 9th. BMO Capital Markets raised their target price on Suncor Energy from C$52.00 to C$55.00 in a research report on Thursday, March 28th. Finally, Jefferies Financial Group lifted their price objective on Suncor Energy from C$50.00 to C$53.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$57.62.

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.