Suncor Energy (SU) to Release Earnings on Tuesday

Suncor Energy (TSE:SU) (NYSE:SU) is set to issue its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of C$1.10 per share for the quarter.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.06 by C$0.21. The firm had revenue of C$13.04 billion for the quarter, compared to analysts’ expectations of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%.

Suncor Energy Stock Performance

TSE:SU opened at C$53.09 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. Suncor Energy has a twelve month low of C$40.07 and a twelve month high of C$57.32. The company has a fifty day moving average of C$52.62 and a 200-day moving average of C$52.98. The firm has a market capitalization of C$67.42 billion, a P/E ratio of 9.12, a P/E/G ratio of 0.15 and a beta of 1.47.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were issued a $0.545 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.18 annualized dividend and a yield of 4.11%. Suncor Energy’s payout ratio is currently 37.46%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Jefferies Financial Group cut their target price on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Raymond James set a C$52.00 price objective on shares of Suncor Energy in a research report on Tuesday, October 15th. Wolfe Research raised Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. National Bankshares decreased their price target on Suncor Energy from C$77.00 to C$73.00 in a research report on Friday, September 27th. Finally, Scotiabank lowered their target price on Suncor Energy from C$61.00 to C$60.00 in a research note on Friday, July 12th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and an average price target of C$60.46.

Insider Activity

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. Corporate insiders own 0.01% of the company’s stock.

Suncor Energy Company Profile

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.