Richard Michael Kruger Sells 15,378 Shares of Suncor Energy (TSE:SU) Stock

Key Points

• Insider sale: Richard Michael Kruger sold 15,378 Suncor Energy shares at an average price of C$94.84, for total proceeds of approximately C$1.46 million.
• Stock and financial performance: Suncor shares closed at C$93.96, near their 52-week high of C$96.53. The company reported quarterly EPS of C$3.23 on C$17.50 billion in revenue, with a 15.32% net margin and 19.38% return on equity.
• Dividend and analyst outlook: Suncor pays a quarterly dividend of C$0.60, equivalent to C$2.40 annually and a 2.6% yield. Analysts maintain a consensus “Moderate Buy” rating with an average target price of C$97.69.

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU insider Richard Michael Kruger sold 15,378 shares of Suncor Energy stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of C$94.84, for a total value of C$1,458,449.52.

Suncor Energy Stock Performance

SU traded up C$0.66 on Thursday, reaching C$93.96. The company had a trading volume of 992,956 shares, compared to its average volume of 6,224,791. The stock has a market cap of C$109.90 billion, a P/E ratio of 12.54, a P/E/G ratio of 0.15 and a beta of 0.18. The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65. Suncor Energy Inc. has a fifty-two week low of C$53.02 and a fifty-two week high of C$96.53. The company's fifty day moving average is C$85.50 and its 200 day moving average is C$85.10.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$3.23 earnings per share (EPS) for the quarter. The firm had revenue of C$17.50 billion during the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. As a group, analysts predict that Suncor Energy Inc. will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were issued a $0.60 dividend. The ex-dividend date was Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. Suncor Energy's dividend payout ratio is presently 31.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SU shares. Raymond James Financial upped their price target on 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. Gerdes Energy Research lowered Suncor Energy from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. TD upped their target price 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. Scotiabank upgraded Suncor Energy to a "strong-buy" rating in a report on Friday, June 26th. Finally, The Goldman Sachs Group downgraded Suncor Energy from a "buy" rating to a "hold" rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Suncor Energy presently has a consensus rating of "Moderate Buy" and a consensus 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.

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.

Add As Preferred Source