Suncor Energy (TSE:SU) Insider Sells 1,173 Shares

Key Points

• Insider transaction: Adam Husain Albeldawi sold 1,173 Suncor Energy shares at an average price of C$95.01, totaling approximately C$111,447.
• Stock performance and dividend: Suncor shares traded at C$95.06, near their 52-week high of C$96.53. The company announced a quarterly dividend of C$0.60 per share, equal to a 2.5% annualized yield.
• Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating, with an average price target of C$97.69, although recent ratings include both upgrades and downgrades.

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU insider Adam Husain Albeldawi sold 1,173 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The shares were 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 traded up C$1.35 during midday trading on Wednesday, hitting C$95.06. The company had a trading volume of 3,332,801 shares, compared to its average volume of 6,334,723. The company's 50 day simple moving average is C$89.25 and its 200 day simple moving average is C$86.97. Suncor Energy Inc. has a 52-week low of C$53.02 and a 52-week high of C$96.53. The stock has a market cap of C$111.19 billion, a price-to-earnings ratio of 12.69, a PEG 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 released its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%.The business had revenue of C$17.50 billion during the quarter. Research analysts anticipate that Suncor Energy Inc. will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 25th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, September 4th. Suncor Energy's dividend payout ratio (DPR) is 31.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SU. Gerdes Energy Research lowered shares of Suncor Energy from a "buy" rating to a "neutral" rating and boosted their price target for the stock from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. Scotiabank raised Suncor Energy to a "strong-buy" rating in a report on Friday, June 26th. The Goldman Sachs Group cut Suncor Energy from a "buy" rating to a "hold" rating in a research report on Friday, June 5th. Desjardins set a C$107.00 target price on Suncor Energy and gave the stock a "buy" rating in a research note on Friday, July 17th. Finally, TD raised their price target on Suncor Energy from C$113.00 to C$116.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$97.69.

Suncor Energy Company Profile

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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