Suncor Energy (TSE:SU) Insider Shelley Powell Sells 41,911 Shares

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Shelley Powell sold 41,911 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of C$87.60, for a total value of C$3,671,403.60. Following the sale, the insider directly owned 27,705 shares of the company’s stock, valued at C$2,426,958. This represents a 60.20% decrease in their position.

Suncor Energy Stock Up 1.0%

TSE SU opened at C$89.12 on Thursday. The stock’s 50-day moving average price is C$85.01 and its 200-day moving average price is C$84.34. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48. Suncor Energy Inc. has a 52 week low of C$52.96 and a 52 week high of C$96.53. The company has a market capitalization of C$104.24 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18.

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

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.7%. Suncor Energy’s dividend payout ratio is 31.64%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Raymond James Financial lifted their target price on shares of 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. The Goldman Sachs Group cut Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, June 5th. TD upped their price objective on Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Gerdes Energy Research cut 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 research report on Wednesday, July 22nd. Finally, Scotia boosted their price target on Suncor Energy from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$97.19.

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.