Suncor Energy (TSE:SU) Posts Earnings Results

Suncor Energy (TSE:SU) (NYSE:SU) released its quarterly earnings data on Tuesday. The company reported C$3.23 EPS for the quarter, FiscalAI reports. The company had revenue of C$17.50 billion during the quarter. Suncor Energy had a return on equity of 14.01% and a net margin of 12.17%.

Suncor Energy Stock Performance

Shares of SU stock opened at C$88.12 on Thursday. The company has a market capitalization of C$104.05 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 0.15 and a beta of 0.18. The company has a debt-to-equity ratio of 32.36, a quick ratio of 0.83 and a current ratio of 1.42. The company has a 50-day simple moving average of C$85.18 and a 200 day simple moving average of C$83.71. Suncor Energy has a 52 week low of C$52.95 and a 52 week high of C$96.53.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 44.49%.

Analyst Upgrades and Downgrades

A number of analysts have commented on SU shares. Royal Bank Of Canada increased their price target on shares of Suncor Energy from C$89.00 to C$100.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Scotia raised their target price on shares of Suncor Energy from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group cut Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Scotiabank raised Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. upped their price objective on Suncor Energy from C$105.00 to C$106.00 in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$96.19.

Suncor Energy News Summary

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: Suncor exceeded quarterly profit expectations, with higher oil prices and improved refining margins boosting results. The earnings beat strengthens the company’s cash-generation outlook. Suncor beats quarterly profit estimates on higher crude prices, refining margins
• Positive Sentiment: The company plans to increase share buybacks following the earnings beat, potentially supporting per-share earnings and signaling confidence in its balance sheet and cash flow. Investor Outlook: Suncor raises buybacks after earnings beat
• Positive Sentiment: BMO Capital Markets raised its price target for Suncor from C$100 to C$105, implying substantial potential upside from the reference price and reflecting a more favorable analyst view. BMO Capital Markets price-target update
• Positive Sentiment: Suncor shares recently moved above their 200-day moving average, a technical signal that can attract momentum-oriented investors. Suncor Energy Stock Price Crosses Above Two Hundred Day Moving Average
• Neutral Sentiment: A U.S. legal development involving a climate-change lawsuit in Boulder concerns broader energy and environmental policy rather than a direct new liability for Suncor. Attorneys general tell justices to let state court decide Boulder’s climate change lawsuit
• Negative Sentiment: CEO Rich Kruger said an oil-sands memorandum of understanding has not changed Suncor’s spending plans and that the company will not accelerate production growth despite policy changes. The cautious stance may limit near-term volume growth and disappoint investors seeking faster expansion. Suncor not planning to speed production growth despite Canada policy changes
• Negative Sentiment: Management said there is still significant work to complete on pipeline and carbon-related agreements, leaving infrastructure access and regulatory uncertainty unresolved. Suncor CEO says a lot of work to do on pipeline, carbon MOU

Suncor Energy Company Profile

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.