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

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 transaction of C$1,458,449.52.

Suncor Energy Price Performance

SU stock opened at C$93.82 on Friday. The stock has a market capitalization of C$109.73 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18. The company’s 50-day moving average is C$85.65 and its 200-day moving average is C$85.26. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.65 and a quick ratio of 0.83. Suncor Energy Inc. has a 1 year low of C$53.02 and a 1 year high of C$96.53.

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

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis 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 Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. BMO Capital Markets upped their target price 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. Raymond James Financial boosted their price target on shares of Suncor Energy from C$103.00 to C$109.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Gerdes Energy Research downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. Finally, The Goldman Sachs Group lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average 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.