Suncor Energy Inc. (NYSE:SU) is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.
Previous Quarter Performance
Suncor Energy Inc. unwinded loss for the second quarter of $ 0.71 per share, from the revenue of $ 3,062.00 million. According to street consensus, SU was expected to report 2Q20 income of $ 0.50 per share from revenue of $ 7540.00 million. The bottom line results missed street analysts by $ 1.21 or 242 percent, at the same time, top line results fell short of analysts by $ 4 million or 59.39 percent.
Stock Performance
Shares of Suncor Energy Inc. traded low $ -0.28 or -2.28 percent on Tuesday, reaching $ 12.00 with volume of 7.23 million shares. Suncor Energy Inc. has traded high as $ 12.50 and has cracked $ 12.00 on the downward trend
According to the previous trading day, closing price of $ 12.00, representing a 27.78 % increase from the 52 week low of $ 9.61 and a 64.47 % decrease over the 52 week high of $ 34.56.
The company has a market capital of $ 18.38 billion and is part of the Energy sector and Oil & Gas Integrated industry.
Recent Stock Dividend Announcement
On July 22, 2020, the board of directors authorized quarterly dividend of $ 0.21 per share to holders of record as of the close of business on September 4, 2020, with payment date of September 25, 2020 and ex-dividend date on September 3, 2020.
Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canadas 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.
