Suncor Energy (SU) Projected to Post Quarterly Earnings on Wednesday

Suncor Energy (NYSE:SU) (TSE:SU) is anticipated to announce its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.82 per share and revenue of $13.44 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at $38.24 on Wednesday. The firm’s fifty day simple moving average is $38.01 and its 200-day simple moving average is $38.56. The stock has a market capitalization of $47.60 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 3.29 and a beta of 1.12. Suncor Energy has a 12 month low of $31.25 and a 12 month 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.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were issued a $0.4089 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.28%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, December 3rd. Suncor Energy’s payout ratio is presently 35.08%.

Analyst Ratings Changes

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