Curtis Wade Serra Sells 2,400 Shares of Suncor Energy (TSE:SU) Stock

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

Suncor Energy Trading Up 0.5%

Shares of TSE:SU opened at C$94.25 on Friday. Suncor Energy Inc. has a 12-month low of C$53.02 and a 12-month high of C$96.53. The business’s fifty day simple moving average is C$85.82 and its 200-day simple moving average is C$85.32. The company has a market capitalization of C$110.24 billion, a PE ratio of 12.58, a P/E/G ratio of 0.15 and a beta of 0.18. The company has a current ratio of 1.65, a quick ratio of 0.83 and a debt-to-equity ratio of 30.48.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its 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 during the quarter. As a group, equities research analysts predict that Suncor Energy Inc. will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, June 4th. Suncor Energy’s dividend payout ratio is presently 31.64%.

Analyst Ratings Changes

Several research firms recently weighed in on SU. TD upped their price target 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 cut shares of Suncor Energy from a “buy” rating to a “neutral” rating and boosted their price target for the company from C$96.00 to C$97.00 in a research report on Wednesday, July 22nd. BMO Capital Markets increased their price objective on Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. Finally, Scotiabank raised Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.