Suncor Energy Inc. (SU) To Go Ex-Dividend on June 4th

Suncor Energy Inc. (TSE:SU) (NYSE:SU) declared a quarterly dividend on Thursday, June 4th, TickerTech Dividends reports. Investors 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 Performance

Shares of Suncor Energy stock opened at C$88.25 on Tuesday. The stock has a market cap of C$104.20 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 0.15 and a beta of 0.37. The firm’s 50-day moving average is C$89.73 and its 200 day moving average is C$76.03. Suncor Energy has a 1 year low of C$49.16 and a 1 year high of C$96.53. The company has a debt-to-equity ratio of 32.36, a current ratio of 1.42 and a quick ratio of 0.83.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Jefferies Financial Group increased their target price on shares of Suncor Energy from C$66.00 to C$82.00 in a report on Monday, March 16th. TD Securities raised their target price on shares of Suncor Energy from C$81.00 to C$91.00 and gave the stock a “buy” rating in a research note on Wednesday, April 1st. Royal Bank Of Canada raised their target price on shares of Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Scotia raised their target price on shares of Suncor Energy from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 21st. Finally, ATB Cormark Capital Markets upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus target price 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.