Suncor Energy (NYSE:SU) Issues Quarterly Earnings Results

Suncor Energy (NYSE:SU) (TSE:SU) posted its quarterly earnings results on Wednesday. The oil and gas producer reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07, Zacks reports. Suncor Energy had a net margin of 15.19% and a return on equity of 15.67%.

Suncor Energy Price Performance

SU stock opened at $38.74 on Thursday. The stock has a market cap of $48.21 billion, a PE ratio of 8.44, a P/E/G ratio of 2.89 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 50-day moving average price of $37.69 and a 200 day moving average price of $38.54. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were issued a $0.4089 dividend. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.22%. Suncor Energy’s payout ratio is 35.08%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SU. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. 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 research note on Tuesday, January 14th. Finally, Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.