Insider Selling: Suncor Energy (TSE:SU) Insider Sells C$225,672.00 in Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Curtis Wade Serra sold 2,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of C$94.03, for a total value of C$225,672.00.

Suncor Energy Trading Up 0.7%

SU stock traded up C$0.66 during mid-day trading on Thursday, reaching C$93.96. The company’s stock had a trading volume of 992,956 shares, compared to its average volume of 6,224,791. Suncor Energy Inc. has a 12 month low of C$53.02 and a 12 month high of C$96.53. The company has a current ratio of 1.65, a quick ratio of 0.83 and a debt-to-equity ratio of 30.48. The business’s 50 day moving average price is C$85.50 and its 200 day moving average price is C$85.10. The company has a market cap of C$109.90 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. The company 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%. On average, equities research analysts predict that Suncor Energy Inc. will post 4.4208333 EPS for the current year.

Suncor Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Suncor Energy’s payout ratio is 31.64%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SU. TD increased their price objective on shares of 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. Gerdes Energy Research downgraded Suncor Energy from a “buy” rating to a “neutral” rating and upped their price target for the stock from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. BMO Capital Markets increased their price target on Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. Desjardins set a C$107.00 price objective on Suncor Energy and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. boosted their price objective on Suncor Energy from C$107.00 to C$114.00 in a report on Thursday, August 13th. 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.