Suncor Energy Inc. (TSE:SU) to Issue $0.60 Quarterly Dividend

Suncor Energy Inc. (TSE:SU) (NYSE:SU) declared a quarterly dividend on Thursday, June 4th, TickerTech Dividends reports. Investors of record on Thursday, June 25th will be given a dividend of 0.60 per share on Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, June 4th.

Suncor Energy Stock Up 2.4%

SU opened at C$88.25 on Tuesday. The company has a debt-to-equity ratio of 32.36, a current ratio of 1.42 and a quick ratio of 0.83. The company’s 50-day moving average is C$89.73 and its 200 day moving average is C$76.03. Suncor Energy has a fifty-two week low of C$49.16 and a fifty-two week high of C$96.53. The firm has a market capitalization of C$104.20 billion, a P/E ratio of 16.78, a PEG ratio of 0.15 and a beta of 0.37.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$1.93 earnings per share for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. The company had revenue of C$14.48 billion for the quarter. Research analysts expect that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SU has been the topic of a number of recent analyst reports. Raymond James Financial raised their price target on shares of Suncor Energy from C$76.00 to C$93.00 in a research report on Monday, March 30th. Scotiabank raised their price target on shares of Suncor Energy from C$80.00 to C$85.00 in a research report on Wednesday, April 1st. TD raised their price target on shares of Suncor Energy from C$91.00 to C$113.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Jefferies Financial Group lifted their price objective on shares of Suncor Energy from C$66.00 to C$82.00 in a research report on Monday, March 16th. Finally, Scotia lifted their price objective on shares of Suncor Energy from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Suncor Energy presently has an average rating of “Moderate Buy” and an average target price of C$93.13.

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.