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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Richard Michael Kruger sold 15,378 shares of the business’s 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 value of C$1,458,449.52.

Suncor Energy Trading Up 0.5%

SU opened at C$94.25 on Friday. Suncor Energy Inc. has a 52 week low of C$53.02 and a 52 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 business has a fifty day simple moving average of C$85.82 and a 200-day simple moving average of C$85.32. The firm has a market cap of C$110.24 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.15 and a beta of 0.18.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. The company 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 analysts expect that Suncor Energy Inc. will post 4.4208333 earnings per share for the current year.

Suncor Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors 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 dividend yield of 2.5%. Suncor Energy’s payout ratio is 31.64%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SU shares. Gerdes Energy Research lowered 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. JPMorgan Chase & Co. increased their price objective on Suncor Energy from C$107.00 to C$114.00 in a research note on Thursday, August 13th. BMO Capital Markets lifted their target price on Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. TD increased their price target on Suncor Energy from C$113.00 to C$116.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group cut Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.