Suncor Energy Inc. (SU) Director Acquires C$83,560.00 in Stock
Suncor Energy Inc. (TSE:SU) (NYSE:SU) Director Jacynthe Cote purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was acquired at an average cost of C$41.78 per share, with a total value of C$83,560.00.
Suncor Energy Inc. (TSE:SU) traded up 1.13% during trading on Wednesday, reaching $42.13. The company’s stock had a trading volume of 2,636,784 shares. The company has a market capitalization of $69.91 billion and a P/E ratio of 26.07. The firm’s 50-day moving average price is $40.29 and its 200 day moving average price is $40.55. Suncor Energy Inc. has a 12-month low of $34.03 and a 12-month high of $44.90.
Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Wednesday, July 26th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.11). The company had revenue of C$7.26 billion for the quarter, compared to analysts’ expectations of C$7.41 billion. Suncor Energy had a return on equity of 3.86% and a net margin of 6.00%. On average, analysts predict that Suncor Energy Inc. will post $1.29 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Tuesday, September 5th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, September 1st.
COPYRIGHT VIOLATION NOTICE: “Suncor Energy Inc. (SU) Director Acquires C$83,560.00 in Stock” was first published by Daily Political and is the property of of Daily Political. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/09/20/suncor-energy-inc-su-director-acquires-c83560-00-in-stock.html.
A number of brokerages recently commented on SU. J P Morgan Chase & Co raised their price target on Suncor Energy from C$39.00 to C$42.00 in a research note on Thursday, September 14th. AltaCorp Capital lowered Suncor Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 28th. TD Securities dropped their price target on Suncor Energy from C$46.00 to C$45.00 and set a “buy” rating for the company in a research note on Thursday, July 27th. National Bank Financial reaffirmed an “outperfrom under weight” rating on shares of Suncor Energy in a research note on Monday, June 26th. Finally, Scotiabank lowered Suncor Energy from an “outperform” rating to a “sector perform” rating and set a C$47.00 price target for the company. in a research note on Friday, June 9th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$49.08.
Suncor Energy Company Profile
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
Receive News & Ratings for Suncor Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.