Peter Douglas Zebedee Sells 43,364 Shares of Suncor Energy (TSE:SU) Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Peter Douglas Zebedee sold 43,364 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of C$62.53, for a total transaction of C$2,711,550.92.

Suncor Energy Stock Performance

TSE:SU traded up C$0.03 during mid-day trading on Friday, hitting C$61.01. The stock had a trading volume of 5,319,474 shares, compared to its average volume of 7,929,310. Suncor Energy Inc. has a twelve month low of C$43.59 and a twelve month high of C$64.14. The stock has a market cap of C$73.29 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.15 and a beta of 0.75. The company’s 50 day simple moving average is C$58.96 and its 200 day simple moving average is C$56.01. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, November 4th. The company reported C$1.48 earnings per share for the quarter. The firm had revenue of C$12.55 billion for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. On average, equities research analysts forecast that Suncor Energy Inc. will post 4.4208333 earnings per share for the current year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 24th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 3rd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.57. Suncor Energy’s payout ratio is presently 53.15%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SU. TD Securities raised their price target on Suncor Energy from C$71.00 to C$73.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Suncor Energy from C$59.00 to C$64.00 in a research report on Thursday, November 6th. Raymond James Financial upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 6th. Desjardins upped their price target on shares of Suncor Energy from C$73.00 to C$74.00 and gave the company a “buy” rating in a research note on Friday. Finally, Jefferies Financial Group increased their price target on shares of Suncor Energy from C$53.00 to C$57.00 in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$65.77.

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.