Suncor Energy (SU) to Release Quarterly Earnings on Tuesday

Suncor Energy (NYSE:SU) (TSE:SU) will be releasing its earnings data after the market closes on Tuesday, November 12th. Analysts expect Suncor Energy to post earnings of $0.88 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.51. The company had revenue of $12.90 billion during the quarter, compared to analyst estimates of $9.30 billion. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. 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 Price Performance

Shares of SU opened at $38.17 on Tuesday. The business’s 50-day moving average is $38.47 and its 200-day moving average is $38.75. The company has a market capitalization of $48.16 billion, a price-to-earnings ratio of 8.86, 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 company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93.

Wall Street Analysts Forecast Growth

SU has been the subject of several research analyst reports. Wolfe Research started coverage on shares of Suncor Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $68.00 target price for the company. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Scotiabank dropped their target price on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.83.

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.