Suncor Energy (SU) to Release Quarterly Earnings on Tuesday

Suncor Energy (TSE:SU) (NYSE:SU) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of C$1.23 per share for the quarter.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, topping the consensus estimate of C$1.05 by C$0.21. The company had revenue of C$14.14 billion for 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 Price Performance

Shares of TSE SU opened at C$52.26 on Monday. The firm has a market capitalization of C$67.42 billion, a P/E ratio of 8.26, a PEG ratio of 0.15 and a beta of 1.52. Suncor Energy has a one year low of C$37.09 and a one year high of C$54.25. The company’s fifty day moving average is C$50.28 and its two-hundred day moving average is C$46.17. The company has a debt-to-equity ratio of 36.52, a quick ratio of 0.83 and a current ratio of 1.44.

Suncor Energy Announces Dividend

The firm also recently disclosed 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 of this dividend was Friday, March 1st. This represents a $2.18 annualized dividend and a dividend yield of 4.17%. Suncor Energy’s dividend payout ratio is presently 34.44%.

Analysts Set New Price Targets

Several research firms recently commented on SU. National Bankshares boosted their price objective on shares of Suncor Energy from C$57.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Wells Fargo & Company boosted their price objective 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. Royal Bank of Canada boosted their target price on shares of Suncor Energy from C$52.00 to C$58.00 in a research note on Tuesday, April 9th. Desjardins boosted their target price on shares of Suncor Energy from C$48.50 to C$54.00 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Finally, CIBC boosted their target price on shares of Suncor Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Suncor Energy presently has an average rating of “Hold” and an average target price of C$57.62.

Insider Activity

In related news, Senior Officer Shelley Powell sold 16,400 shares of the company’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. In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the stock in a transaction on Friday, February 23rd. The stock was 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 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. Company insiders own 0.01% of the company’s stock.

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.