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

Suncor Energy (NYSE:SU) (TSE:SU) posted its earnings results on Wednesday. The oil and gas producer reported $0.89 EPS for the quarter, topping analysts’ consensus estimates 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 Stock Performance

SU stock traded up $0.59 during midday trading on Wednesday, reaching $38.74. The company had a trading volume of 4,251,360 shares, compared to its average volume of 4,442,429. The firm has a market capitalization of $48.21 billion, a PE ratio of 8.44, a P/E/G ratio of 2.89 and a beta of 1.12. The stock has a 50 day moving average price of $37.69 and a 200 day moving average price of $38.54. Suncor Energy has a fifty-two week low of $31.25 and a fifty-two week high of $41.94. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24.

Suncor Energy Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on SU shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 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, StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and an average price target 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.