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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Richard Michael Kruger sold 15,378 shares of Suncor Energy stock in a transaction 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 0.7%

Shares of Suncor Energy stock traded up C$0.66 during trading hours on Thursday, hitting 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 twelve month low of C$53.02 and a twelve month high of C$96.53. The firm has a fifty day moving average of C$85.50 and a 200-day moving average of C$85.10. The stock has a market cap of C$109.90 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 0.15 and a beta of 0.18. The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65.

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

Suncor Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.60 per share. 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 dividend payout ratio (DPR) is 31.64%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. The Goldman Sachs Group cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Gerdes Energy Research cut Suncor Energy from a “buy” rating to a “neutral” rating and increased their price objective for the company from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. 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. Raymond James Financial lifted their target price on Suncor Energy from C$103.00 to C$109.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, TD boosted their target price 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. One equities 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 company’s stock. Based on data from MarketBeat.com, Suncor Energy presently 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.