Suncor Energy Inc. (SU) To Go Ex-Dividend on March 4th

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

Suncor Energy Price Performance

Shares of SU stock opened at C$55.36 on Friday. The firm has a market cap of C$69.43 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.15 and a beta of 1.47. The firm has a fifty day moving average of C$54.96 and a two-hundred day moving average of C$54.10. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. Suncor Energy has a 1-year low of C$45.79 and a 1-year high of C$58.58.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lowered their price target on Suncor Energy from C$66.00 to C$65.00 in a report on Tuesday, January 14th. Raymond James boosted their target price on shares of Suncor Energy from C$57.00 to C$58.00 and gave the company a “market perform” rating in a research note on Friday, February 7th. Gerdes Energy Research set a C$69.00 price target on shares of Suncor Energy and gave the stock a “buy” rating in a research report on Monday, November 25th. JPMorgan Chase & Co. boosted their price objective on shares of Suncor Energy from C$59.00 to C$61.00 in a research report on Friday, December 13th. Finally, National Bankshares raised their target price on shares of Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$62.61.

About Suncor Energy

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.