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

Suncor Energy Inc. (NYSE:SU) (TSE:SU) announced a quarterly dividend on Thursday, February 6th, Wall Street Journal reports. Investors of record on Tuesday, March 4th will be given a dividend of 0.399 per share by the oil and gas producer on Tuesday, March 25th. This represents a $1.60 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Tuesday, March 4th.

Suncor Energy has raised its dividend payment by an average of 28.1% per year over the last three years. Suncor Energy has a payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Suncor Energy to earn $3.68 per share next year, which means the company should continue to be able to cover its $1.58 annual dividend with an expected future payout ratio of 42.9%.

Suncor Energy Trading Up 0.2 %

NYSE SU opened at $38.28 on Friday. Suncor Energy has a 12 month low of $33.79 and a 12 month high of $41.94. The stock has a market cap of $47.64 billion, a P/E ratio of 11.10, a P/E/G ratio of 2.94 and a beta of 1.12. The stock’s fifty day moving average price is $38.28 and its 200-day moving average price is $38.62. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, equities analysts forecast that Suncor Energy will post 3.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SU. Bank of America assumed coverage on shares of Suncor Energy in a report on Wednesday. They set a “neutral” rating on the stock. StockNews.com cut Suncor Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

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.