Key Points
- Insider sale: Peter Douglas Zebedee sold 4,388 Suncor Energy shares at an average price of C$94.90, generating approximately C$416,421.
- Financial performance and dividend: Suncor reported quarterly revenue of C$17.50 billion and earnings of C$3.23 per share. The company declared a quarterly dividend of C$0.60, equivalent to an annualized C$2.40 and a 2.5% yield.
- Analyst outlook: Ratings remain generally positive, with a consensus “Moderate Buy” recommendation and an average price target of C$97.69, despite some recent downgrades.
Suncor Energy Inc. (TSE:SU - Get Free Report) (NYSE:SU) insider Peter Douglas Zebedee sold 4,388 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of C$94.90, for a total value of C$416,421.20.
Suncor Energy Stock Performance
Suncor Energy stock opened at C$95.58 on Tuesday. The stock has a 50-day simple moving average of C$90.67 and a 200 day simple moving average of C$87.49. The stock has a market capitalization of C$111.79 billion, a price-to-earnings ratio of 12.76, a P/E/G ratio of 0.15 and a beta of 0.19. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48. Suncor Energy Inc. has a 12-month low of C$53.02 and a 12-month high of C$98.57.
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. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. The firm had revenue of C$17.50 billion for the quarter. On average, research analysts anticipate that Suncor Energy Inc. will post 4.4208333 earnings per share for the current fiscal year.
Suncor Energy Announces Dividend
The business also recently declared 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 of this dividend is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. Suncor Energy's dividend payout ratio (DPR) is currently 31.64%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Gerdes Energy Research downgraded Suncor Energy from a "buy" rating to a "neutral" rating and upped their price objective for the stock from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. The Goldman Sachs Group downgraded Suncor Energy from a "buy" rating to a "hold" rating in a research report on Friday, June 5th. Scotiabank upgraded Suncor Energy to a "strong-buy" rating in a report on Friday, June 26th. Raymond James Financial lifted their price objective 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. Finally, JPMorgan Chase & Co. upped their target price on shares of Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$97.69.
Check Out Our Latest Research Report on Suncor Energy
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
