Suncor Energy (NYSE:SU) Releases Quarterly Earnings Results, Beats Estimates 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, beating analysts' consensus estimates 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 Trading Up 0.8 %

NYSE SU traded up $0.29 on Friday, hitting $38.73. 6,711,952 shares of the stock were exchanged, compared to its average volume of 4,417,325. The company's 50-day moving average price is $37.63 and its two-hundred day moving average price is $38.55. 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 has a 52-week low of $31.25 and a 52-week high of $41.94. The company has a market capitalization of $48.20 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 2.96 and a beta of 1.12.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.12%. Suncor Energy's dividend payout ratio is currently 46.67%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SU. StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday, January 14th. Morgan Stanley downgraded shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Desjardins raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 price objective 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.