Key Points
- Insider sale: Troy Ward Little sold 8,711 shares of Suncor at an average price of C$62.61 on November 17th, for total proceeds of C$545,395.71.
- Dividend increase: Suncor raised its quarterly dividend to C$0.60 (from C$0.57), an annualized C$2.40 representing about a 3.9% yield; the ex-dividend date is Dec 3 and the payment date is Dec 24.
- Analyst sentiment: Multiple analysts have raised price targets (several to the mid‑C$60s and one to C$74), leaving a MarketBeat consensus rating of "Moderate Buy" with a C$65.77 target.
Suncor Energy Inc. (TSE:SU - Get Free Report) (NYSE:SU) insider Troy Ward Little sold 8,711 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of C$62.61, for a total transaction of C$545,395.71.
Suncor Energy Trading Up 0.0%
Suncor Energy stock opened at C$61.01 on Friday. The company has a market cap of C$73.29 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 0.15 and a beta of 0.75. The firm has a 50-day moving average of C$58.96 and a 200-day moving average of C$56.06. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. Suncor Energy Inc. has a one year low of C$43.59 and a one year high of C$64.14.
Suncor Energy (TSE:SU - Get Free Report) (NYSE:SU) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$1.48 EPS for the quarter. The firm had revenue of C$12.55 billion during the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. On average, equities analysts expect that Suncor Energy Inc. will post 4.4208333 earnings per share for the current fiscal year.
Suncor Energy Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 24th will be issued a dividend of $0.60 per share. The ex-dividend date is Wednesday, December 3rd. This is a positive change from Suncor Energy's previous quarterly dividend of $0.57. This represents a $2.40 dividend on an annualized basis and a yield of 3.9%. Suncor Energy's dividend payout ratio is presently 53.15%.
Analyst Ratings Changes
A number of analysts have commented on SU shares. CIBC increased their price target on shares of Suncor Energy from C$65.00 to C$70.00 in a research note on Thursday, November 27th. UBS Group lifted their price target on Suncor Energy from C$61.00 to C$65.00 in a report on Wednesday, November 5th. Desjardins boosted their price target on Suncor Energy from C$73.00 to C$74.00 and gave the stock a "buy" rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective on Suncor Energy from C$59.00 to C$64.00 in a research report on Thursday, November 6th. Finally, Jefferies Financial Group lifted their target price on Suncor Energy from C$53.00 to C$57.00 in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$65.77.
View Our Latest Stock Analysis on Suncor Energy
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.
Further Reading
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