Key Points
- Suncor Energy insider Richard Michael Kruger sold 15,378 shares at an average price of C$94.84, generating approximately C$1.46 million in proceeds.
- Suncor reported quarterly EPS of C$3.23 on C$17.50 billion in revenue, with a 15.32% net margin and 19.38% return on equity.
- The company pays a quarterly dividend of C$0.60, equivalent to C$2.40 annually and a 2.6% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of C$97.69.
Suncor Energy Inc. (TSE:SU - Get Free Report) (NYSE:SU) insider Curtis Wade Serra sold 2,400 shares of the firm's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of C$94.03, for a total transaction of C$225,672.00.
Suncor Energy Price Performance
SU stock opened at C$93.82 on Friday. The company has a market capitalization of C$109.73 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18. The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65. Suncor Energy Inc. has a 52-week low of C$53.02 and a 52-week high of C$96.53. The business has a 50-day simple moving average of C$85.65 and a two-hundred day simple moving average of C$85.26.
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 EPS for the quarter. The firm had revenue of C$17.50 billion during the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. Research analysts expect that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.
Suncor Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. Suncor Energy's payout ratio is presently 31.64%.
Analysts Set New Price Targets
A number of research firms recently commented on SU. Gerdes Energy Research lowered 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 research report on Wednesday, July 22nd. Scotiabank raised shares of Suncor Energy to a "strong-buy" rating in a report on Friday, June 26th. The Goldman Sachs Group lowered 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 report on Wednesday, July 22nd. Finally, Desjardins set a C$107.00 price target on shares of Suncor Energy and gave the company a "buy" rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$97.69.
Check Out Our Latest Research 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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