Suncor Energy Inc. (TSE:SU) Announces $0.57 Quarterly Dividend

Suncor Energy Inc. (TSE:SU) (NYSE:SU) declared a quarterly dividend on Tuesday, March 4th, TickerTech Dividends reports. Stockholders of record on Tuesday, March 25th will be paid a dividend of 0.57 per share on Tuesday, March 25th. This represents a $2.28 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Tuesday, March 4th.

Suncor Energy Trading Up 0.3 %

TSE:SU opened at C$55.36 on Friday. Suncor Energy has a one year low of C$45.79 and a one year high of C$58.58. The business has a fifty day moving average price of C$54.96 and a 200-day moving average price of C$54.10. The firm has a market capitalization of C$69.43 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SU. UBS Group lifted their target price on shares of Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. Scotiabank boosted their price objective on Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. TD Securities increased their target price on Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Wells Fargo & Company dropped their price target on Suncor Energy from C$66.00 to C$64.00 in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$62.61.

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.