Suncor Energy Inc. (SU) to Release Quarterly Earnings on Wednesday
Suncor Energy Inc. (TSE:SU) (NYSE:SU) will be issuing its quarterly earnings data after the market closes on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.23 per share for the quarter.
Suncor Energy Inc. (SU) opened at 37.75 on Wednesday. Suncor Energy Inc. has a 52 week low of $33.76 and a 52 week high of $44.90. The firm’s 50-day moving average price is $39.12 and its 200 day moving average price is $41.17. The firm has a market cap of $63.02 billion and a P/E ratio of 40.50.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 26th. Stockholders of record on Monday, June 5th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, June 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.39%.
A number of analysts have recently issued reports on SU shares. Scotiabank downgraded Suncor Energy from an “outperform” rating to a “sector perform” rating and set a C$47.00 price target for the company. in a research report on Friday, June 9th. Royal Bank Of Canada lifted their price target on Suncor Energy from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. TD Securities reiterated a “buy” rating and set a C$49.00 price target on shares of Suncor Energy in a research report on Friday, April 28th. BMO Capital Markets restated an “outperform” rating and issued a C$52.00 target price on shares of Suncor Energy in a research report on Friday, April 28th. Finally, National Bank Financial restated an “outperfrom under weight” rating on shares of Suncor Energy in a research report on Monday, June 26th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$49.25.
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Suncor Energy Company Profile
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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