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

Suncor Energy (NYSE:SU) (TSE:SU) is projected to announce its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.81 per share and revenue of $13.44 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.33% and a net margin of 11.80%. On average, analysts expect Suncor Energy to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Suncor Energy Stock Performance

SU stock opened at $40.65 on Wednesday. The business has a 50 day moving average of $37.64 and a 200-day moving average of $38.56. The firm has a market cap of $50.59 billion, a PE ratio of 11.78, a P/E/G ratio of 2.96 and a beta of 1.12. Suncor Energy has a 12-month low of $31.25 and a 12-month high of $41.94. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 3.93%. Suncor Energy’s dividend payout ratio (DPR) is presently 46.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SU shares. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

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.