Suncor Energy Inc. (TSE:SU) Declares Quarterly Dividend of $0.60

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

Suncor Energy Stock Up 2.4%

Shares of Suncor Energy stock opened at C$88.25 on Tuesday. The stock 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. The company has a quick ratio of 0.83, a current ratio of 1.42 and a debt-to-equity ratio of 32.36. The stock has a 50 day moving average price of C$89.73 and a two-hundred day moving average price of C$76.03. Suncor Energy has a 12-month low of C$49.16 and a 12-month high of C$96.53.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SU. Raymond James Financial increased their target price on Suncor Energy from C$76.00 to C$93.00 in a report on Monday, March 30th. Royal Bank Of Canada increased their target price on Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Scotiabank raised their price target on Suncor Energy from C$80.00 to C$85.00 in a report on Wednesday, April 1st. JPMorgan Chase & Co. raised their price target on Suncor Energy from C$105.00 to C$106.00 in a report on Tuesday, May 12th. Finally, Jefferies Financial Group raised their price target on Suncor Energy from C$66.00 to C$82.00 in a report on Monday, March 16th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average price target 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.