Suncor Energy Inc. Announces Quarterly Dividend of $0.32 (NYSE:SU)

Suncor Energy Inc. (NYSE:SU) (TSE:SU) announced a quarterly dividend on Wednesday, November 13th, Zacks reports. Investors of record on Tuesday, December 3rd will be given a dividend of 0.319 per share by the oil and gas producer on Tuesday, December 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Monday, December 2nd.

NYSE:SU opened at $31.40 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.96. Suncor Energy has a 52-week low of $25.81 and a 52-week high of $34.87. The firm has a market cap of $48.45 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.70 and a beta of 1.05. The business’s fifty day moving average is $31.01 and its 200 day moving average is $30.59.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Suncor Energy had a return on equity of 9.24% and a net margin of 12.87%. The company had revenue of $7.50 billion for the quarter, compared to analyst estimates of $8.02 billion. Equities analysts predict that Suncor Energy will post 2.5 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the company. National Bank Financial downgraded Suncor Energy from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Tuesday, October 1st. CIBC set a $53.00 price target on Suncor Energy and gave the company a “buy” rating in a report on Friday, October 11th. Citigroup decreased their price target on Suncor Energy from $59.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. ValuEngine raised Suncor Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Raymond James set a $48.00 price target on Suncor Energy and gave the company a “buy” rating in a report on Saturday, November 2nd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $47.12.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

Further Reading: Buy Rating

Dividend History for Suncor Energy (NYSE:SU)

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