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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) declared a quarterly dividend on Tuesday, March 4th, TickerTech Dividends reports. Shareholders of record on Tuesday, March 25th will be paid a dividend of 0.57 per share on Tuesday, March 25th. This represents a $2.28 annualized dividend and a yield of 4.12%. The ex-dividend date is Tuesday, March 4th.

Suncor Energy Trading Up 0.3 %

Shares of SU opened at C$55.36 on Friday. Suncor Energy has a 52-week low of C$45.79 and a 52-week high of C$58.58. The business’s fifty day moving average is C$54.96 and its 200-day moving average is C$54.10. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The firm has a market cap of C$69.43 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 0.15 and a beta of 1.47.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Scotiabank boosted their price objective on Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Raymond James boosted their price objective on Suncor Energy from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th. National Bankshares boosted their price objective on Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Jefferies Financial Group boosted their price objective on Suncor Energy from C$58.00 to C$59.00 in a research report on Monday, February 24th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$62.61.

About Suncor Energy

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.