Suncor Energy (SU) Set to Announce Quarterly Earnings on Wednesday
Suncor Energy (NYSE:SU) will be announcing its Q313 earnings results on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.81 per share and revenue of $11.05 billion for the quarter.
Suncor Energy (NYSE:SU) last announced its earnings results on Thursday, August 1st. The company reported $0.45 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.64 by $0.19. During the same quarter last year, the company posted $0.81 earnings per share. On average, analysts expect Suncor Energy to post $3.10 EPS for the current fiscal year and $3.31 EPS for the next fiscal year.
Suncor Energy (NYSE:SU) traded up 0.78% during mid-day trading on Tuesday, hitting $36.18. The stock had a trading volume of 616,997 shares. Suncor Energy has a 52-week low of $26.83 and a 52-week high of $36.35. The stock has a 50-day moving average of $33.58 and a 200-day moving average of $31.12. The company has a market cap of $54.307 billion and a P/E ratio of 19.30.
A number of research firms have recently commented on SU. Analysts at Stifel Nicolaus downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note to investors on Thursday, October 24th. They now have a $36.00 price target on the stock. They noted that the move was a valuation call. On a related note, analysts at RBC Capital reiterated a “buy” rating on shares of Suncor Energy in a research note to investors on Tuesday, September 24th. They now have a $42.00 price target on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of Suncor Energy in a research note to investors on Tuesday, September 24th. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Suncor Energy currently has an average rating of “Buy” and an average price target of $43.00.
Suncor Energy Inc (NYSE:SU) is an integrated energy company.
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