Suncor Energy (TSE:SU) (NYSE:SU) is set to issue its quarterly earnings data after the market closes on Tuesday, May 1st. Analysts expect the company to announce earnings of C$0.49 per share for the quarter.
Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Thursday, February 8th. The company reported C$0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.68 by C$0.11. The business had revenue of C$9.04 billion for the quarter, compared to analyst estimates of C$8 billion. Suncor Energy had a net margin of 15.36% and a return on equity of 12.21%.
Shares of Suncor Energy stock opened at C$48.89 on Tuesday. Suncor Energy has a 12-month low of C$36.09 and a 12-month high of C$49.07.
The company also recently declared a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 5th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Friday, March 2nd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.32.
In other Suncor Energy news, Director Dennis Michael Houston purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, March 14th. The stock was bought at an average cost of C$32.47 per share, with a total value of C$162,350.00. Also, Director Dominic D’alessandro purchased 30,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were acquired at an average cost of C$42.20 per share, with a total value of C$1,266,000.00.
SU has been the topic of a number of recent analyst reports. National Bank Financial raised their price target on shares of Suncor Energy from C$49.00 to C$56.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Wells Fargo lifted their target price on shares of Suncor Energy from C$56.00 to C$59.00 in a research note on Thursday, January 11th. Eight Capital set a C$56.00 target price on shares of Suncor Energy and gave the company a “neutral” rating in a research note on Thursday, January 11th. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating and set a C$52.00 target price on the stock in a research note on Friday, February 9th. Finally, Royal Bank of Canada lifted their target price on shares of Suncor Energy from C$49.00 to C$52.00 in a research note on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Suncor Energy presently has an average rating of “Buy” and an average target price of C$52.15.
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Suncor Energy Company Profile
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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