Suncor Energy (SU) to Release Quarterly Earnings on Tuesday

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU is scheduled to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Suncor Energy to post earnings of $1.01 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.13. The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.46 billion. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. During the same quarter in the prior year, the firm earned $1.33 earnings per share. On average, analysts expect Suncor Energy to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Suncor Energy Price Performance

Suncor Energy stock traded down $0.54 during mid-day trading on Wednesday, reaching $37.65. 5,193,299 shares of the company's stock traded hands, compared to its average volume of 4,257,413. The company has a market cap of $48.46 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 3.50 and a beta of 1.13. The stock has a 50 day moving average of $36.77 and a two-hundred day moving average of $34.00. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. Suncor Energy has a 12-month low of $27.59 and a 12-month high of $39.73.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were paid a dividend of $0.406 per share. This is an increase from Suncor Energy's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.62 dividend on an annualized basis and a yield of 4.31%. Suncor Energy's dividend payout ratio is presently 34.26%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SU. Morgan Stanley increased their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Thursday, March 28th. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $52.00.

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.