Suncor Energy (SU) to Release Earnings on Wednesday

Suncor Energy (NYSE:SU) (TSE:SU) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.82 per share and revenue of $13.44 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Suncor Energy Trading Down 0.0 %

Shares of Suncor Energy stock opened at $37.56 on Tuesday. The business has a fifty day simple moving average of $37.78 and a two-hundred day simple moving average of $38.55. Suncor Energy has a 1 year low of $31.25 and a 1 year high of $41.94. The company has a market capitalization of $46.74 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of 2.89 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.4089 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.36%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio (DPR) is currently 35.08%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SU. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Morgan Stanley cut Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

About Suncor Energy

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.