Suncor Energy (TSE:SU) Insider Sells C$111,446.73 in Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Adam Husain Albeldawi sold 1,173 shares of the firm’s 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 Stock Performance

SU opened at C$95.30 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 business’s 50 day moving average is C$90.32 and its 200-day moving average is C$87.29. The stock has a market cap of C$111.47 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.15 and a beta of 0.19. Suncor Energy Inc. has a twelve month low of C$53.02 and a twelve month high of C$97.13.

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

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 25th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, September 4th. Suncor Energy’s payout ratio is 31.64%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. TD increased their target price on shares of Suncor Energy from C$113.00 to C$116.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Raymond James Financial raised their target price 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. Desjardins set a C$107.00 price target on shares of Suncor Energy and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Gerdes Energy Research lowered shares of Suncor Energy from a “buy” rating to a “neutral” rating and upped their price target for the stock from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and an average price target 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.