Key Points
- Insider sale: Suncor Energy insider Adam Husain Albeldawi sold 1,173 shares at an average price of C$95.01, generating approximately C$111,447.
- Financial performance and dividend: Suncor reported quarterly EPS of C$3.23 on C$17.50 billion in revenue and declared a quarterly dividend of $0.60 per share, representing a 2.5% annualized yield.
- Analyst outlook: Recent brokerages raised their price targets, and analysts collectively give Suncor a “Moderate Buy” consensus rating with an average target of C$97.69.
Suncor Energy Inc. (TSE:SU - Get Free Report) (NYSE:SU) insider Adam Husain Albeldawi sold 1,173 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of C$95.01, for a total value of C$111,446.73.
Suncor Energy Stock Performance
Shares of SU stock opened at C$95.29 on Thursday. The company has a market cap of C$111.45 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.15 and a beta of 0.19. Suncor Energy Inc. has a 52 week low of C$53.02 and a 52 week high of C$96.53. 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 firm has a 50 day moving average of C$89.63 and a 200-day moving average of C$87.10.
Suncor Energy (TSE:SU - Get Free Report) (NYSE:SU) last released its earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share (EPS) for the quarter. The company had revenue of C$17.50 billion for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. On average, equities analysts forecast that Suncor Energy Inc. will post 4.4208333 earnings per share for the current year.
Suncor Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 25th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. Suncor Energy's dividend payout ratio is currently 31.64%.
Analyst Ratings Changes
Several brokerages have recently commented on SU. JPMorgan Chase & Co. raised their target price on Suncor Energy from C$107.00 to C$114.00 in a research note on Thursday, August 13th. TD increased their price target on Suncor Energy from C$113.00 to C$116.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Raymond James Financial raised their price objective on 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. BMO Capital Markets boosted their price objective on Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group lowered Suncor Energy from a "buy" rating to a "hold" rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$97.69.
Get Our Latest Stock Analysis on SU
Suncor Energy Company Profile
(
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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