Suncor Energy (TSE:SU) Insider Sells C$490,000.00 in Stock

by · The Markets Daily

Suncor Energy Inc. (TSE:SU – Get Free Report) (NYSE:SU) insider Peter Douglas Zebedee sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of C$98.00, for a total transaction of C$490,000.00.

Peter Douglas Zebedee also recently made the following trade(s):

  • On Friday, September 11th, Peter Douglas Zebedee sold 4,388 shares of Suncor Energy stock. The shares were sold at an average price of C$94.90, for a total transaction of C$416,421.20.

Suncor Energy Stock Up 0.9%

SU stock opened at C$97.31 on Friday. Suncor Energy Inc. has a 12-month low of C$53.02 and a 12-month high of C$100.24. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48. The company has a market cap of C$113.82 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.15 and a beta of 0.19. The company has a 50 day moving average of C$91.60 and a two-hundred day moving average of C$87.95.

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

Suncor Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

SU has been the topic of several research reports. BMO Capital Markets upped their target price on Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday, August 5th. TD lifted 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. Gerdes Energy Research cut Suncor Energy from a “buy” rating to a “neutral” rating and boosted their price target for the company from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$98.25.

Check Out Our Latest Stock Report on SU

About Suncor Energy

(Get Free Report)

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.

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