Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU declared a quarterly dividend on Wednesday, June 4th, TickerTech Dividends reports. Investors 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 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Wednesday, June 4th.
Suncor Energy Stock Performance
Shares of TSE:SU traded up C$0.59 during trading on Thursday, reaching C$50.30. The company had a trading volume of 5,691,561 shares, compared to its average volume of 8,300,134. 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 stock's fifty day moving average price is C$49.04 and its 200 day moving average price is C$52.53. Suncor Energy has a fifty-two week low of C$43.59 and a fifty-two week high of C$58.58. The firm has a market capitalization of C$63.09 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on SU shares. TD Securities reduced their price target on Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price target on Suncor Energy from C$63.00 to C$62.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Scotiabank raised Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group lifted their price objective on Suncor Energy from C$58.00 to C$59.00 in a research note on Monday, February 24th. Four equities research 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$62.58.
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About Suncor Energy
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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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