Suncor Energy Inc. (NYSE:SU) (TSE:SU) posted its earnings results on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.15, MarketWatch Earnings reports. Suncor Energy had a return on equity of 5.68% and a net margin of 11.63%. The company had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.80 billion.
Shares of Suncor Energy (SU) opened at $36.42 on Friday. The company has a market capitalization of $59,790.02, a price-to-earnings ratio of 31.15, a PEG ratio of 3.31 and a beta of 0.85. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.62. Suncor Energy has a 1 year low of $27.96 and a 1 year high of $36.48.
Several brokerages recently commented on SU. Canaccord Genuity reiterated a “buy” rating and set a $51.00 price target on shares of Suncor Energy in a research report on Thursday, October 26th. Citigroup Inc. restated a “buy” rating on shares of Suncor Energy in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, October 11th. BidaskClub upgraded Suncor Energy from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Wolfe Research raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $43.86.
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Suncor Energy Company Profile
Suncor Energy Inc is a Canada-based 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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