Suncor Energy (SU) Scheduled to Post Quarterly Earnings on Tuesday

Suncor Energy (NYSE:SU) (TSE: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 $1.01 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.13. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. The business had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.46 billion. During the same period in the prior year, the company earned $1.33 EPS. 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 Stock Performance

Suncor Energy stock opened at $38.24 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. The stock has a market cap of $49.22 billion, a PE ratio of 8.14, a P/E/G ratio of 3.38 and a beta of 1.11. Suncor Energy has a 12-month low of $27.59 and a 12-month high of $39.73. The business’s 50-day moving average price is $36.94 and its two-hundred day moving average price is $34.05.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were paid a $0.406 dividend. This is an increase from Suncor Energy’s previous quarterly dividend of $0.39. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, March 1st. Suncor Energy’s dividend payout ratio (DPR) is presently 34.26%.

Analysts Set New Price Targets

SU has been the subject of several research reports. Morgan Stanley increased their price objective 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 upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.