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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) declared a quarterly dividend on Wednesday, March 4th, TickerTech Dividends reports. Stockholders of record on Wednesday, March 25th will be given a dividend of 0.60 per share on Wednesday, March 25th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, March 4th.

Suncor Energy Stock Up 1.5%

Shares of TSE:SU opened at C$77.05 on Monday. The firm has a market cap of C$91.96 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 0.15 and a beta of 0.89. The company has a fifty day simple moving average of C$69.18 and a 200 day simple moving average of C$62.00. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. Suncor Energy has a 12-month low of C$43.59 and a 12-month high of C$78.50.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported C$1.10 EPS for the quarter. The business had revenue of C$12.04 billion during the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. On average, equities research analysts anticipate that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Analysts Set New Price Targets

SU has been the subject of several research reports. BMO Capital Markets boosted their price target on Suncor Energy from C$69.00 to C$85.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Canadian Imperial Bank of Commerce increased their target price on shares of Suncor Energy from C$65.00 to C$70.00 in a report on Thursday, November 27th. Royal Bank Of Canada lifted their price target on shares of Suncor Energy from C$69.00 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Gerdes Energy Research boosted their price objective on shares of Suncor Energy from C$75.00 to C$78.00 in a research report on Monday, November 10th. Finally, TD Securities raised their price target on Suncor Energy from C$74.00 to C$81.00 in a report on Wednesday, February 4th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$72.79.

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.