Suncor Energy Inc. (SU) to Issue Quarterly Dividend of $0.55 on June 25th

Suncor Energy Inc. (TSE:SU) (NYSE:SU) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Tuesday, June 4th will be given a dividend of 0.545 per share on Tuesday, June 25th. This represents a $2.18 annualized dividend and a yield of 3.98%. The ex-dividend date is Tuesday, June 4th.

Suncor Energy Stock Up 2.0 %

Shares of SU traded up C$1.06 during midday trading on Thursday, hitting C$54.73. The company had a trading volume of 1,933,248 shares, compared to its average volume of 7,608,365. The stock has a market cap of C$70.60 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 0.15 and a beta of 1.52. The company’s 50 day moving average price is C$50.59 and its 200 day moving average price is C$46.26. The company has a quick ratio of 0.83, a current ratio of 1.44 and a debt-to-equity ratio of 36.52. Suncor Energy has a 52 week low of C$37.09 and a 52 week high of C$55.00.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, topping the consensus estimate of C$1.05 by C$0.21. The company had revenue of C$14.14 billion during the quarter, compared to analyst estimates of C$11.33 billion. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. On average, equities research analysts predict that Suncor Energy will post 4.7379873 EPS for the current year.

Insider Buying and Selling

In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total transaction of C$751,776.00. In other news, Senior Officer Shelley Powell sold 16,400 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. Also, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total transaction of C$549,960.00. 0.01% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Suncor Energy from C$52.00 to C$55.00 in a report on Thursday, March 28th. Jefferies Financial Group upped their target price on shares of Suncor Energy from C$50.00 to C$53.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. National Bankshares lifted their price target on Suncor Energy from C$57.00 to C$75.00 and gave the company an “outperform” rating in a report on Friday, April 19th. TD Securities boosted their price objective on Suncor Energy from C$50.00 to C$52.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, CIBC raised their target price on Suncor Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$57.92.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.