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

Key Points

• Suncor Energy Inc. has declared a quarterly dividend of $0.57 per share, which is set to be paid to shareholders of record on September 25th, representing an annualized yield of 4.0%.
• As of the latest report, Suncor's shares are trading at around C$56.77, with a market capitalization of C$69.69 billion and a price-to-earnings ratio of 12.50.
• Recent analyst ratings suggest a consensus of Moderate Buy with price targets ranging from C$57.00 to C$65.00, indicating positive outlooks from multiple financial institutions.

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU announced a quarterly dividend on Thursday, September 4th, TickerTech Dividends reports. Shareholders of record on Thursday, September 25th will be paid a dividend of 0.57 per share on Thursday, September 25th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Thursday, September 4th.

Suncor Energy Price Performance

Shares of TSE:SU opened at C$56.77 on Tuesday. The company's fifty day moving average price is C$53.80 and its 200-day moving average price is C$52.14. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. The firm has a market capitalization of C$69.69 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 0.15 and a beta of 0.84. Suncor Energy has a one year low of C$43.59 and a one year high of C$58.58.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last posted its quarterly earnings data on Tuesday, August 5th. The company reported C$0.71 earnings per share (EPS) for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. On average, equities research analysts anticipate that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SU has been the subject of several research analyst reports. TD Securities lifted their price target on Suncor Energy from C$62.00 to C$63.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Jefferies Financial Group raised their price objective on Suncor Energy from C$53.00 to C$57.00 in a report on Monday, August 18th. Raymond James Financial boosted their target price on Suncor Energy from C$57.00 to C$58.00 and gave the stock a "market perform" rating in a research report on Thursday, August 7th. Desjardins increased their price target on shares of Suncor Energy from C$64.00 to C$65.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Wells Fargo & Company lifted their price target on shares of Suncor Energy from C$59.00 to C$60.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Suncor Energy has a consensus rating of "Moderate Buy" and a consensus price target of C$63.00.

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.

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