Suncor Energy (SU) to Release Quarterly Earnings on Wednesday

Suncor Energy (NYSE:SU) (TSE:SU) will be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.56 per share for the quarter.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Wednesday, July 24th. The oil and gas producer reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.09). Suncor Energy had a return on equity of 10.20% and a net margin of 14.55%. The company had revenue of $7.55 billion for the quarter, compared to analyst estimates of $8.15 billion. On average, analysts expect Suncor Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Suncor Energy stock opened at $30.64 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.63. Suncor Energy has a 1 year low of $25.81 and a 1 year high of $35.37. The company has a market capitalization of $47.27 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.66 and a beta of 1.05. The business has a 50 day moving average price of $30.50 and a 200 day moving average price of $30.88.

SU has been the subject of several research reports. Citigroup cut their price objective on Suncor Energy from $59.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. CIBC set a $53.00 target price on shares of Suncor Energy and gave the stock a “buy” rating in a research note on Friday, October 11th. National Bank Financial lowered their target price on shares of Suncor Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Friday, October 18th. Royal Bank of Canada lowered their target price on shares of Suncor Energy from $50.00 to $47.00 in a research note on Friday, October 18th. Finally, ValuEngine raised shares of Suncor Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 27th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $48.11.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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Earnings History for Suncor Energy (NYSE:SU)

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