Suncor Energy (TSE:SU) Announces Quarterly Earnings Results

Suncor Energy (TSE:SU) (NYSE:SU) released its earnings results on Tuesday. The company reported C$3.17 EPS for the quarter, FiscalAI reports. The firm had revenue of C$17.50 billion during the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%.

Suncor Energy Trading Down 3.6%

Shares of SU opened at C$90.79 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 0.83 and a debt-to-equity ratio of 32.36. The firm has a market capitalization of C$107.20 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 0.15 and a beta of 0.17. The stock’s fifty day simple moving average is C$85.18 and its 200 day simple moving average is C$83.57. Suncor Energy has a twelve month low of C$52.95 and a twelve month high of C$96.53.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is 44.49%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. TD raised their price objective on Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Royal Bank Of Canada increased their target price on Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. JPMorgan Chase & Co. raised their price target on Suncor Energy from C$105.00 to C$106.00 in a research note on Tuesday, May 12th. Finally, Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$95.88.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.