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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Adam Husain Albeldawi sold 1,173 shares of the business’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 transaction of C$111,446.73.

Suncor Energy Trading Up 1.7%

Shares of SU stock opened at C$95.29 on Thursday. Suncor Energy Inc. has a fifty-two week low of C$53.02 and a fifty-two week high of C$96.53. The stock’s fifty day moving average price is C$89.63 and its two-hundred day moving average price is C$87.10. The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65. The company has a market cap of C$111.45 billion, a PE ratio of 12.72, a P/E/G ratio of 0.15 and a beta of 0.19.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. The firm 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%. Equities analysts predict that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

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

Analysts Set New Price Targets

SU has been the subject of several analyst reports. Gerdes Energy Research downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and raised their price target for the company from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. Raymond James Financial raised their target price on 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. The Goldman Sachs Group downgraded Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, June 5th. TD upped 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, Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.