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

Suncor Energy (NYSE:SU) (TSE:SU) issued its quarterly earnings results 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 net margin of 15.19% and a return on equity of 15.67%.

Suncor Energy Price Performance

SU traded up $0.35 on Friday, reaching $38.79. The stock had a trading volume of 390,900 shares, compared to its average volume of 4,277,975. 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 company has a market capitalization of $48.28 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 2.89 and a beta of 1.12. Suncor Energy has a fifty-two week low of $31.25 and a fifty-two week high of $41.94. The firm has a 50-day moving average of $37.65 and a 200-day moving average of $38.54.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors 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 yield of 4.11%. Suncor Energy’s dividend payout ratio is currently 35.08%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SU shares. 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. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Morgan Stanley cut shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Finally, Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.