Insider Selling: Suncor Energy (TSE:SU) Insider Sells 1,173 Shares

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Adam Husain Albeldawi sold 1,173 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of C$95.01, for a total transaction of C$111,446.73.

Suncor Energy Price Performance

Shares of Suncor Energy stock traded up C$1.35 during trading on Wednesday, hitting C$95.06. 3,332,801 shares of the company were exchanged, compared to its average volume of 6,334,723. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48. Suncor Energy Inc. has a fifty-two week low of C$53.02 and a fifty-two week high of C$96.53. The stock has a market capitalization of C$111.19 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.15 and a beta of 0.19. The firm has a 50 day moving average price of C$89.25 and a 200 day moving average price of C$86.97.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%.The company had revenue of C$17.50 billion during the quarter. On average, equities analysts expect that Suncor Energy Inc. will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.40 annualized dividend and a yield of 2.5%. Suncor Energy’s payout ratio is presently 31.64%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SU shares. BMO Capital Markets lifted their price target on shares of Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. Gerdes Energy Research lowered shares of Suncor Energy from a “buy” rating to a “neutral” rating and raised their target price for the stock from C$96.00 to C$97.00 in a research report on Wednesday, July 22nd. Scotiabank raised shares of Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. TD boosted their price target on Suncor Energy from C$113.00 to C$116.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and a consensus target price of C$97.69.

Suncor Energy Company Profile

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.