Key Points
- Insider sale: Shelley Powell sold 41,911 Suncor Energy shares at an average C$87.60, generating approximately C$3.67 million. The transaction reduced her direct ownership by 60.2% to 27,705 shares.
- Financial performance: Suncor reported quarterly EPS of C$3.23 on revenue of C$17.50 billion, with a 15.32% net margin and 19.38% return on equity.
- Investor outlook: Suncor pays a quarterly dividend of C$0.60, equivalent to C$2.40 annually and a 2.7% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of C$97.19.
Suncor Energy Inc. (TSE:SU - Get Free Report) (NYSE:SU) insider Shelley Powell sold 41,911 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$87.60, for a total value of C$3,671,403.60. Following the transaction, the insider directly owned 27,705 shares of the company's stock, valued at approximately C$2,426,958. The trade was a 60.20% decrease in their ownership of the stock.
Suncor Energy Stock Performance
TSE SU opened at C$89.12 on Thursday. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.65 and a quick ratio of 0.83. Suncor Energy Inc. has a 1-year low of C$52.96 and a 1-year high of C$96.53. The business has a 50 day simple moving average of C$85.01 and a two-hundred day simple moving average of C$84.34. The stock has a market capitalization of C$104.24 billion, a PE ratio of 11.90, a P/E/G ratio of 0.15 and a beta of 0.18.
Suncor Energy (TSE:SU - Get Free Report) (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. The business had revenue of C$17.50 billion for the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. On average, research analysts predict that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.
Suncor Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, June 4th. Suncor Energy's payout ratio is currently 31.64%.
Wall Street Analysts Forecast Growth
SU has been the subject of several research reports. Scotia increased their price objective on shares of Suncor Energy from C$85.00 to C$90.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 21st. Scotiabank upgraded shares of Suncor Energy to a "strong-buy" rating in a research report on Friday, June 26th. Desjardins set a C$107.00 price target on shares of Suncor Energy and gave the company a "buy" rating in a report on Friday, July 17th. Gerdes Energy Research downgraded shares of Suncor Energy from a "buy" rating to a "neutral" rating and increased their price target for the company from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. Finally, Raymond James Financial lifted their price target on Suncor Energy from C$103.00 to C$109.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$97.19.
Read Our Latest Research Report 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. 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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