Suncor Energy (TSE:SU) Insider Sells 2,400 Shares of Stock

Key Points

• Insider transaction: Suncor Energy insider Curtis Wade Serra sold 2,400 shares at an average price of C$94.03, totaling C$225,672.
• Financial performance: Suncor reported quarterly revenue of C$17.50 billion and EPS of C$3.23, with a 15.32% net margin and 19.38% return on equity.
• Investor outlook: The company pays an annualized dividend of C$2.40 per share, yielding about 2.6%. Analysts have a consensus “Moderate Buy” rating and an average price target of C$97.69.

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU insider Curtis Wade Serra sold 2,400 shares of the firm's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of C$94.03, for a total transaction of C$225,672.00.

Suncor Energy Price Performance

Shares of TSE:SU traded up C$0.66 during midday trading on Thursday, hitting C$93.96. The stock had a trading volume of 992,956 shares, compared to its average volume of 6,224,791. The company's 50-day moving average price is C$85.50 and its 200-day moving average price is C$85.10. 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 has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48. The company has a market capitalization of C$109.90 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18.

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

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Suncor Energy's dividend payout ratio (DPR) is presently 31.64%.

Wall Street Analysts Forecast Growth

SU has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Suncor Energy from C$107.00 to C$114.00 in a report on Thursday, August 13th. TD raised their target price on Suncor Energy from C$113.00 to C$116.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group downgraded Suncor Energy from a "buy" rating to a "hold" rating in a report on Friday, June 5th. BMO Capital Markets upped their price target on Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday, August 5th. Finally, Raymond James Financial increased their price target on Suncor Energy from C$103.00 to C$109.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. One equities research 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's stock. According to MarketBeat, the company 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.

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