Suncor Energy Inc. (SU) To Go Ex-Dividend on December 3rd

Suncor Energy Inc. (TSE:SUGet Free Report) (NYSE:SU) declared a quarterly dividend on Tuesday, December 3rd,TickerTech Dividends reports. Stockholders of record on Tuesday, December 24th will be given a dividend of 0.57 per share on Tuesday, December 24th. This represents a $2.28 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Tuesday, December 3rd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55.

Suncor Energy Trading Down 0.1 %

Suncor Energy stock opened at C$55.71 on Friday. Suncor Energy has a 12-month low of C$40.07 and a 12-month high of C$58.28. The firm has a market capitalization of C$70.75 billion, a price-to-earnings ratio of 9.57, a P/E/G ratio of 0.15 and a beta of 1.47. The firm has a 50 day moving average of C$54.05 and a 200 day moving average of C$53.37. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98.

Insider Buying and Selling at Suncor Energy

In other news, Senior Officer Kristopher Peter Smith sold 105,000 shares of Suncor Energy stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total value of C$2,843,700.00. 0.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SU shares. Scotiabank boosted their price target on Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th. Jefferies Financial Group lowered their target price on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a report on Monday, September 16th. TD Securities raised their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday, November 13th. Royal Bank of Canada boosted their price target on shares of Suncor Energy from C$64.00 to C$66.00 in a research note on Thursday, November 14th. Finally, BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective for the company in a research report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and an average target price of C$62.32.

Check Out Our Latest Stock Analysis on Suncor Energy

About Suncor Energy

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Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.

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Dividend History for Suncor Energy (TSE:SU)

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