Key Points
- Insider sale: Suncor Energy insider David Jason Oldreive sold 4,542 shares at an average price of C$95.01, for total proceeds of approximately C$431,535.
- Financial and dividend update: Suncor reported quarterly EPS of C$3.23 on C$17.50 billion in revenue and declared a quarterly dividend of C$0.60, equivalent to an annualized C$2.40 and a 2.5% yield.
- Analyst outlook: The stock has a “Moderate Buy” consensus rating, with analysts’ average price target at C$97.69 and several firms recently raising their targets to between C$105 and C$116.
Suncor Energy Inc. (TSE:SU - Get Free Report) (NYSE:SU) insider David Jason Oldreive sold 4,542 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of C$95.01, for a total value of C$431,535.42.
Suncor Energy Stock Performance
Shares of Suncor Energy stock opened at C$95.31 on Friday. The business has a 50-day moving average of C$89.97 and a 200 day moving average of C$87.23. Suncor Energy Inc. has a 12 month low of C$53.02 and a 12 month high of C$97.13. The stock has a market capitalization of C$111.48 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.15 and a beta of 0.19. 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 (TSE:SU - Get Free Report) (NYSE:SU) last issued its quarterly 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%. As a group, sell-side analysts forecast that Suncor Energy Inc. will post 4.4208333 earnings per share for the current year.
Suncor Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be issued a $0.60 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. Suncor Energy's payout ratio is 31.64%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on SU. Gerdes Energy Research downgraded shares of Suncor Energy from a "buy" rating to a "neutral" rating and upped their target price for the stock from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. Raymond James Financial raised their price target on shares of Suncor Energy from C$103.00 to C$109.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on shares of Suncor Energy from C$107.00 to C$114.00 in a research note on Thursday, August 13th. TD upped their price objective on Suncor Energy from C$113.00 to C$116.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Finally, BMO Capital Markets increased their price objective on Suncor Energy from C$100.00 to C$105.00 in a research note on Wednesday, August 5th. One investment 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 company's stock. Based on data from MarketBeat, Suncor Energy 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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