Suncor Energy (SU) Expected to Announce Quarterly Earnings on Wednesday

Suncor Energy (NYSE:SU) (TSE:SU) is expected to be releasing its earnings data after the market closes on Wednesday, February 5th. Analysts expect Suncor Energy to post earnings of $0.82 per share and revenue of $13.44 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Suncor Energy Trading Down 0.0 %

Shares of SU stock opened at $37.56 on Tuesday. Suncor Energy has a 1 year low of $31.25 and a 1 year high of $41.94. The firm’s fifty day simple moving average is $37.78 and its 200 day simple moving average is $38.55. The firm has a market capitalization of $46.74 billion, a P/E ratio of 8.18, a price-to-earnings-growth ratio of 2.89 and a beta of 1.12. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were given a dividend of $0.4089 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 4.36%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s payout ratio is 35.08%.

Wall Street Analysts Forecast Growth

SU has been the topic of a number of research reports. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and an average target price of $58.00.

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.