Suncor Energy (SU) to Release Earnings on Tuesday

Suncor Energy (TSE:SU) (NYSE:SU) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Suncor Energy to post earnings of C$1.10 per share for the quarter.

Suncor Energy Stock Down 0.7 %

Shares of Suncor Energy stock opened at C$54.48 on Friday. Suncor Energy has a twelve month low of C$40.07 and a twelve month high of C$57.32. The stock has a market cap of C$69.19 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. The company has a fifty day moving average price of C$52.54 and a 200 day moving average price of C$53.03.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy’s payout ratio is 37.46%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. National Bankshares lowered their price target on shares of Suncor Energy from C$77.00 to C$73.00 in a report on Friday, September 27th. Jefferies Financial Group dropped their target price on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. TD Securities increased their price target on Suncor Energy from C$59.00 to C$60.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Desjardins lifted their price objective on Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Finally, Wolfe Research upgraded Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$60.46.

Insider Buying and Selling

In other news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. Company insiders own 0.01% of the company’s stock.

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.