Suncor Energy (SU) to Release Quarterly Earnings on Tuesday

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU is scheduled to issue its quarterly earnings data 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 - Get Free Report) NYSE: SU last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.05 by C$0.21. The firm had revenue of C$14.14 billion for the quarter, compared to analysts' expectations 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 Down 1.4 %

SU traded down C$0.74 during trading on Wednesday, hitting C$51.79. The company had a trading volume of 7,424,051 shares, compared to its average volume of 7,704,615. The company has a market cap of C$66.81 billion, a PE ratio of 8.18, a P/E/G ratio of 0.15 and a beta of 1.52. The business has a 50-day moving average of C$50.01 and a 200-day moving average of C$46.11. The company has a debt-to-equity ratio of 36.52, a current ratio of 1.44 and a quick ratio of 0.83. Suncor Energy has a 1-year low of C$37.09 and a 1-year high of C$54.25.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were issued a dividend of $0.545 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.21%. Suncor Energy's dividend payout ratio (DPR) is 34.44%.

Insider Activity at Suncor Energy

In related 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 Jacqueline Sue Moore sold 12,000 shares of Suncor Energy stock in a transaction that occurred 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. Also, Senior Officer Shelley Powell sold 16,400 shares of the business's 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. Insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SU. Jefferies Financial Group increased their target price on shares of Suncor Energy from C$50.00 to C$53.00 and gave the stock a "hold" rating in a report on Friday, April 12th. TD Securities increased their price objective on shares of Suncor Energy from C$46.00 to C$48.00 and gave the stock a "hold" rating in a report 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 stock an "outperform" rating in a report on Monday, April 22nd. Desjardins increased 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 report on Tuesday, April 23rd. Finally, Wells Fargo & Company increased their target price on shares of Suncor Energy from C$55.00 to C$60.00 and gave the company an "overweight" rating in a research report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of C$57.62.

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.