Suncor Energy (SU) Scheduled to Post Quarterly Earnings on Tuesday

Suncor Energy (TSE:SUGet Free Report) (NYSE:SU) will post its quarterly earnings results 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:SUGet Free Report) (NYSE:SU) last issued its earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.21. The firm had revenue of C$14.14 billion during the quarter, compared to analyst estimates of C$11.33 billion. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%.

Suncor Energy Stock Up 0.4 %

Shares of SU stock opened at C$52.26 on Friday. The company’s fifty day simple moving average is C$50.28 and its two-hundred day simple moving average is C$46.18. Suncor Energy has a 52 week low of C$37.09 and a 52 week high of C$54.25. The stock has a market cap of C$67.42 billion, a P/E ratio of 8.26, a PEG ratio of 0.15 and a beta of 1.52. The company has a quick ratio of 0.83, a current ratio of 1.44 and a debt-to-equity ratio of 36.52.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were given a $0.545 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.17%. Suncor Energy’s dividend payout ratio is currently 34.44%.

Analysts Set New Price Targets

A number of analysts have issued reports on SU shares. Jefferies Financial Group lifted their price objective on Suncor Energy from C$50.00 to C$53.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Wells Fargo & Company boosted their price target on shares of Suncor Energy from C$55.00 to C$60.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. TD Securities upped their price target on shares of Suncor Energy from C$46.00 to C$48.00 and gave the company a “hold” rating in a research note on Thursday, February 22nd. CIBC increased their price objective on shares of Suncor Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Finally, BMO Capital Markets boosted their target price on shares of Suncor Energy from C$52.00 to C$55.00 in a report on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$57.62.

Get Our Latest Stock Analysis on SU

Insider Transactions at Suncor Energy

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

About Suncor Energy

(Get Free Report)

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.

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Earnings History for Suncor Energy (TSE:SU)

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