Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU's share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$85.99 and traded as high as C$92.35. Suncor Energy shares last traded at C$91.09, with a volume of 10,530,487 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on SU shares. Raymond James Financial boosted their target price on shares of 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. Scotiabank upgraded Suncor Energy to a "strong-buy" rating in a research note on Friday, June 26th. Gerdes Energy Research downgraded Suncor Energy from a "buy" rating to a "neutral" rating and lifted their price target for the company from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. TD boosted their price objective 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. Finally, Desjardins set a C$107.00 price objective on Suncor Energy and gave the stock a "buy" rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$97.69.
Check Out Our Latest Stock Analysis on Suncor Energy
Suncor Energy Stock Down 1.1%
The company has a current ratio of 1.65, a quick ratio of 0.83 and a debt-to-equity ratio of 30.48. The stock has a market capitalization of C$106.54 billion, a PE ratio of 12.16, a P/E/G ratio of 0.15 and a beta of 0.18. The stock's fifty day simple moving average is C$86.97 and its 200-day simple moving average is C$85.99.
Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its earnings results 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 company had revenue of C$17.50 billion during the quarter. As a group, sell-side analysts forecast that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.
Suncor Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Suncor Energy's dividend payout ratio is presently 31.64%.
Insider Buying and Selling at Suncor Energy
In other Suncor Energy news, insider Richard Michael Kruger sold 15,378 shares of Suncor Energy stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of C$94.84, for a total transaction of C$1,458,449.52. Also, insider Curtis Wade Serra sold 2,400 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of C$94.03, for a total value of C$225,672.00. In the last 90 days, insiders sold 59,689 shares of company stock worth $5,355,525. Insiders own 0.01% of the company's stock.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Suncor Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Suncor Energy wasn't on the list.
While Suncor Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
