Suncor Energy (SU) Expected to Announce Earnings on Wednesday

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU is projected to announce its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.81 per share and revenue of $13.44 billion for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. On average, analysts expect Suncor Energy to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Suncor Energy Trading Up 0.8 %

SU stock traded up $0.30 during trading on Thursday, hitting $40.19. 2,936,388 shares of the company traded hands, compared to its average volume of 4,557,070. The firm has a market capitalization of $50.02 billion, a PE ratio of 11.65, a P/E/G ratio of 2.91 and a beta of 1.12. Suncor Energy has a 1 year low of $32.64 and a 1 year high of $41.94. The company has a 50-day moving average of $37.83 and a 200-day moving average of $38.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a yield of 3.97%. The ex-dividend date is Tuesday, March 4th. Suncor Energy's dividend payout ratio is presently 46.67%.

Wall Street Analysts Forecast Growth

SU has been the subject of several analyst reports. Morgan Stanley cut Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Desjardins upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. Finally, Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.