Suncor Energy Inc. Declares Quarterly Dividend of $0.55 (TSE:SU)

Suncor Energy Inc. (TSE:SU) (NYSE:SU) declared a quarterly dividend on Wednesday, September 4th, Zacks reports. Stockholders of record on Wednesday, September 25th will be paid a dividend of 0.545 per share on Wednesday, September 25th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Wednesday, September 4th.

Suncor Energy Price Performance

SU opened at C$54.66 on Monday. The company has a fifty day simple moving average of C$53.40 and a 200 day simple moving average of C$51.67. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. The stock has a market cap of C$69.42 billion, a P/E ratio of 9.39, a P/E/G ratio of 0.15 and a beta of 1.50. Suncor Energy has a 12 month low of C$40.07 and a 12 month high of C$57.32.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 EPS for the quarter, topping analysts’ consensus estimates of C$1.06 by C$0.21. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. The company had revenue of C$13.04 billion for the quarter, compared to analyst estimates of C$11.59 billion. On average, research analysts expect that Suncor Energy will post 5.1553672 EPS for the current year.

Insider Activity at Suncor Energy

In related news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$51.66, for a total value of C$5,165,900.00. In other news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$51.66, for a total value of C$5,165,900.00. Also, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. Insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SU shares. Wolfe Research upgraded shares of Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. Scotiabank reduced their target price on shares of Suncor Energy from C$61.00 to C$60.00 in a research note on Friday, July 12th. Wells Fargo & Company increased their target price on Suncor Energy from C$61.00 to C$66.00 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. ATB Capital boosted their price target on Suncor Energy from C$53.00 to C$57.50 and gave the company a “sector perform” rating in a report on Wednesday, May 22nd. Finally, Royal Bank of Canada increased their price objective on Suncor Energy from C$65.00 to C$67.00 in a report on Thursday, August 8th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and a consensus price target of C$61.96.

Suncor Energy Company Profile

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.