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

Suncor Energy (NYSE:SU) (TSE:SU) released its quarterly earnings data on Wednesday. The oil and gas producer reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07, Zacks reports. Suncor Energy had a return on equity of 15.67% and a net margin of 15.19%.

Suncor Energy Stock Performance

Shares of SU stock opened at $38.74 on Thursday. The business has a fifty day moving average of $37.69 and a 200 day moving average of $38.54. Suncor Energy has a 1 year low of $31.25 and a 1 year high of $41.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. The firm has a market capitalization of $48.21 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 2.89 and a beta of 1.12.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.4089 per share. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.22%. Suncor Energy’s payout ratio is 35.08%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SU. Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Finally, StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Suncor Energy 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.