Suncor Energy (NYSE:SU) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU announced its earnings results on Wednesday. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07, Zacks reports. Suncor Energy had a return on equity of 15.33% and a net margin of 11.80%.

Suncor Energy Stock Performance

Shares of Suncor Energy stock traded up $0.29 on Friday, hitting $38.73. 6,711,952 shares of the company's stock were exchanged, compared to its average volume of 4,417,325. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. The stock has a market capitalization of $48.20 billion, a PE ratio of 11.23, a PEG ratio of 2.96 and a beta of 1.12. Suncor Energy has a 1 year low of $31.25 and a 1 year high of $41.94. The company has a 50-day simple moving average of $37.63 and a 200-day simple moving average of $38.55.

Suncor Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be given a $0.399 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.12%. Suncor Energy's payout ratio is presently 46.67%.

Analyst Ratings Changes

A number of research analysts recently issued reports on SU shares. Royal Bank of Canada reissued an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday, January 14th. Desjardins raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Finally, Morgan Stanley downgraded Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.