Peter Douglas Zebedee Sells 4,388 Shares of Suncor Energy (TSE:SU) Stock

Key Points

• Insider sale: Peter Douglas Zebedee sold 4,388 Suncor Energy shares at an average price of C$94.90, generating proceeds of approximately C$416,421.
• Stock performance: Suncor shares rose to C$96.33 and were near their 12-month high of C$98.57. The company reported C$3.23 in quarterly EPS on C$17.50 billion in revenue.
• Dividend and outlook: Suncor declared a quarterly dividend of C$0.60, equivalent to a 2.5% annual yield. Analysts maintain a “Moderate Buy” consensus with an average target price of C$97.69.

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU insider Peter Douglas Zebedee sold 4,388 shares of the company's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of C$94.90, for a total transaction of C$416,421.20.

Suncor Energy Stock Performance

TSE:SU traded up C$1.03 during mid-day trading on Monday, hitting C$96.33. The stock had a trading volume of 1,838,226 shares, compared to its average volume of 6,334,860. Suncor Energy Inc. has a twelve month low of C$53.02 and a twelve month high of C$98.57. The company's 50 day simple moving average is C$90.32 and its 200 day simple moving average is C$87.36. The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65. The stock has a market cap of C$112.67 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 0.15 and a beta of 0.19.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its quarterly earnings results 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 during the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. On average, equities research 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 declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be paid a $0.60 dividend. 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 31.64%.

Wall Street Analyst Weigh In

SU has been the subject of several analyst reports. Desjardins set a C$107.00 price objective on Suncor Energy and gave the company a "buy" rating in a report on Friday, July 17th. TD raised their price objective on Suncor Energy from C$113.00 to C$116.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their target price on Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. Gerdes Energy Research cut shares of Suncor Energy from a "buy" rating to a "neutral" rating and increased their target price for the stock from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. Finally, Scotiabank upgraded shares of Suncor Energy to a "strong-buy" rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Suncor Energy has an average rating of "Moderate Buy" and an average target price of C$97.69.

About Suncor Energy

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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