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

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU declared a quarterly dividend on Wednesday, June 4th, TickerTech Dividends reports. Stockholders of record on Wednesday, June 25th will be paid a dividend of 0.57 per share on Wednesday, June 25th. This represents a $2.28 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Wednesday, June 4th.

Suncor Energy Stock Performance

Shares of SU stock traded down C$0.94 during midday trading on Wednesday, hitting C$49.71. 14,968,918 shares of the company were exchanged, compared to its average volume of 8,324,970. Suncor Energy has a 52 week low of C$43.59 and a 52 week high of C$58.58. The firm has a market capitalization of C$62.35 billion, a P/E ratio of 7.85, a PEG ratio of 0.15 and a beta of 1.47. The firm's 50 day moving average price is C$49.15 and its two-hundred day moving average price is C$52.55. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59.

Analyst Ratings Changes

SU has been the topic of several recent research reports. Desjardins lowered their target price on shares of Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. lowered their price objective on Suncor Energy from C$63.00 to C$62.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. TD Securities decreased their price target on Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, Raymond James upped their price objective on shares of Suncor Energy from C$54.00 to C$56.00 and gave the stock a "market perform" rating in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Suncor Energy currently has a consensus rating of "Moderate Buy" and an average price target of C$62.58.

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.