Suncor Energy Inc. (SU) To Go Ex-Dividend on November 30th
Suncor Energy Inc. (NYSE:SU) (TSE:SU) announced a quarterly dividend on Tuesday, November 14th, NASDAQ reports. Shareholders of record on Friday, December 1st will be given a dividend of 0.251 per share by the oil and gas producer on Friday, December 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Suncor Energy ‘s previous quarterly dividend of $0.19.
Suncor Energy has increased its dividend payment by an average of 7.6% per year over the last three years. Suncor Energy has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Suncor Energy to earn $1.08 per share next year, which means the company may not be able to cover its $1.28 annual dividend with an expected future payout ratio of 118.5%.
Suncor Energy (SU) traded down $0.08 during midday trading on Friday, hitting $35.34. 1,846,477 shares of the company’s stock were exchanged, compared to its average volume of 3,423,010. The company has a market capitalization of $58,615.07, a PE ratio of 30.53, a PEG ratio of 3.26 and a beta of 0.85. Suncor Energy has a 12-month low of $27.96 and a 12-month high of $36.71. The company has a current ratio of 0.91, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27.
Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.15. The firm had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.80 billion. Suncor Energy had a net margin of 11.63% and a return on equity of 5.68%. analysts expect that Suncor Energy will post 1.28 EPS for the current year.
A number of research firms have weighed in on SU. TD Securities cut shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research note on Thursday, November 16th. Zacks Investment Research cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. Edward Jones raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. Morgan Stanley boosted their target price on shares of Suncor Energy from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $51.00 target price on shares of Suncor Energy in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $43.14.
ILLEGAL ACTIVITY WARNING: “Suncor Energy Inc. (SU) To Go Ex-Dividend on November 30th” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/suncor-energy-inc-su-to-go-ex-dividend-on-november-30th/1726171.html.
About Suncor Energy
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
Receive News & Ratings for Suncor Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.