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

Suncor Energy (NYSE:SU) (TSE:SU) will be issuing its quarterly earnings data after the market closes on Wednesday, July 28th. Analysts expect the company to announce earnings of $0.36 per share for the quarter.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Sunday, May 2nd. The oil and gas producer reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.30 billion. Suncor Energy had a negative return on equity of 1.35% and a net margin of 0.34%. On average, analysts expect Suncor Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Suncor Energy stock opened at $21.04 on Thursday. The firm has a market capitalization of $31.53 billion, a price-to-earnings ratio of 420.80, a P/E/G ratio of 3.40 and a beta of 1.70. The firm has a fifty day simple moving average of $23.66. Suncor Energy has a 52 week low of $10.67 and a 52 week high of $25.73. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.09 and a quick ratio of 0.66.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 25th. Investors of record on Friday, June 4th were paid a $0.1707 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 3.25%. The ex-dividend date was Thursday, June 3rd. Suncor Energy’s dividend payout ratio is presently -29.09%.

A number of equities research analysts have issued reports on the company. Scotiabank boosted their price target on Suncor Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Thursday, July 15th. Wells Fargo & Company upped their target price on Suncor Energy from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 30th. Royal Bank of Canada upped their target price on Suncor Energy from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 5th. Raymond James assumed coverage on Suncor Energy in a research report on Tuesday. They issued a “buy” rating and a $40.00 target price for the company. Finally, CIBC upped their target price on Suncor Energy from C$40.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 14th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $32.42.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.

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Earnings History for Suncor Energy (NYSE:SU)

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