Suncor Energy (NYSE:SU) Issues Quarterly Earnings Results

Suncor Energy (NYSE:SU) (TSE:SU) released its quarterly earnings data 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 15.67% and a net margin of 15.19%.

Suncor Energy Trading Up 0.9 %

Suncor Energy stock traded up $0.35 during mid-day trading on Friday, hitting $38.79. The stock had a trading volume of 390,900 shares, compared to its average volume of 4,277,975. The stock has a 50-day simple moving average of $37.65 and a two-hundred day simple moving average of $38.54. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $48.28 billion, a PE ratio of 8.47, a P/E/G ratio of 2.89 and a beta of 1.12. Suncor Energy has a 12 month low of $31.25 and a 12 month high of $41.94.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be given 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 4.11%. Suncor Energy’s payout ratio is currently 35.08%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

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.