Suncor Energy (SU) to Release Quarterly Earnings on Tuesday

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU will be posting its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Suncor Energy to post earnings of $0.88 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.51. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The company had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $9.30 billion. During the same period last year, the firm posted $0.71 EPS. Suncor Energy's revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts expect Suncor Energy to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Suncor Energy Stock Performance

Shares of SU traded up $0.26 during mid-day trading on Tuesday, hitting $38.43. 1,950,199 shares of the company's stock were exchanged, compared to its average volume of 4,234,743. The firm has a market capitalization of $48.49 billion, a P/E ratio of 8.91, a P/E/G ratio of 2.67 and a beta of 1.12. Suncor Energy has a fifty-two week low of $29.45 and a fifty-two week high of $41.94. The business's 50 day moving average is $38.47 and its two-hundred day moving average is $38.75. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SU. Wolfe Research began coverage on Suncor Energy in a report on Thursday, July 18th. They set an "outperform" rating and a $68.00 price objective on the stock. BMO Capital Markets upgraded shares of Suncor Energy from a "market perform" rating to an "outperform" rating in a research report on Wednesday, August 7th. TD Securities upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th. Scotiabank reduced their price objective on Suncor Energy from $61.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, July 12th. Finally, StockNews.com lowered Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $55.83.

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.