Suncor Energy (TSE:SU) Insider Sells C$225,672.00 in Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Curtis Wade Serra sold 2,400 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of C$94.03, for a total transaction of C$225,672.00.

Suncor Energy Stock Performance

Shares of SU opened at C$94.25 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.83 and a debt-to-equity ratio of 30.48. The stock has a market capitalization of C$110.24 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18. The firm’s fifty day simple moving average is C$85.82 and its two-hundred day simple moving average is C$85.32. Suncor Energy Inc. has a 12 month low of C$53.02 and a 12 month high of C$96.53.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. The firm had revenue of C$17.50 billion during the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. As a group, analysts predict that Suncor Energy Inc. will post 4.4208333 EPS for the current year.

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 2.5%. Suncor Energy’s dividend payout ratio (DPR) is currently 31.64%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Suncor Energy from C$107.00 to C$114.00 in a research note on Thursday, August 13th. Gerdes Energy Research lowered shares of Suncor Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. Raymond James Financial lifted their price objective on shares of Suncor Energy from C$103.00 to C$109.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. The Goldman Sachs Group downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, TD increased their target price on shares of Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$97.69.

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.