Peter Douglas Zebedee Sells 4,388 Shares of Suncor Energy (TSE:SU) Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Peter Douglas Zebedee sold 4,388 shares of Suncor Energy stock in a transaction dated Friday, September 11th. The shares were sold at an average price of C$94.90, for a total value of C$416,421.20.

Suncor Energy Price Performance

Shares of TSE:SU traded up C$1.03 on Monday, hitting C$96.33. The company’s stock had a trading volume of 1,838,226 shares, compared to its average volume of 6,334,860. Suncor Energy Inc. has a 1 year low of C$53.02 and a 1 year high of C$98.57. The company has a market capitalization of C$112.67 billion, a PE ratio of 12.86, a PEG ratio of 0.15 and a beta of 0.19. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.65 and a quick ratio of 0.83. The company has a 50-day simple moving average of C$90.32 and a 200 day simple moving average of C$87.36.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. The business had revenue of C$17.50 billion for the quarter. Sell-side analysts forecast that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

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

Analysts Set New Price Targets

SU has been the subject of a number of analyst reports. Gerdes Energy Research downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and raised their target price for the company from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. BMO Capital Markets boosted their price objective on shares of Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised their target price on Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. Raymond James Financial boosted their price objective on shares of Suncor Energy from C$103.00 to C$109.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. One investment 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$97.69.

Suncor Energy Company Profile

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.