Insider Selling: Suncor Energy (TSE:SU) Insider Sells C$1,458,449.52 in Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Richard Michael Kruger sold 15,378 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of C$94.84, for a total transaction of C$1,458,449.52.

Suncor Energy Stock Performance

Shares of SU stock opened at C$94.25 on Friday. Suncor Energy Inc. has a one year low of C$53.02 and a one year high of C$96.53. The company’s 50-day moving average is C$85.82 and its 200 day moving average is C$85.32. The company has a market capitalization of C$110.24 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth 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 data 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 net margin of 15.32% and a return on equity of 19.38%. Sell-side analysts expect that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. Suncor Energy’s dividend payout ratio (DPR) is 31.64%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SU. The Goldman Sachs Group cut Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Desjardins set a C$107.00 target price on Suncor Energy and gave the stock a “buy” rating in a report on Friday, July 17th. Raymond James Financial boosted their price target on Suncor Energy from C$103.00 to C$109.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. TD boosted their price target 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. Finally, Gerdes Energy Research downgraded Suncor Energy from a “buy” rating to a “neutral” rating and upped their price target for the company from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. One 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. According to MarketBeat, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus 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.