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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Curtis Wade Serra sold 2,400 shares of the business’s stock in a transaction 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 Stock Performance

SU stock opened at C$93.82 on Friday. The stock has a 50-day moving average price of C$85.65 and a 200-day moving average price of C$85.26. Suncor Energy Inc. has a 1-year low of C$53.02 and a 1-year high of C$96.53. The company has a current ratio of 1.65, a quick ratio of 0.83 and a debt-to-equity ratio of 30.48. The firm has a market cap 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.

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 return on equity of 19.38% and a net margin of 15.32%.The company had revenue of C$17.50 billion for the quarter. As a group, equities research analysts expect that Suncor Energy Inc. will post 4.4208333 earnings per share for the current 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 paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 2.6%. Suncor Energy’s payout ratio is 31.64%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. The Goldman Sachs Group downgraded shares of 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 shares of Suncor Energy and gave the stock a “buy” rating in a research note on Friday, July 17th. BMO Capital Markets raised their price target on shares of Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Finally, Gerdes Energy Research downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and lifted their price target for the company from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. One research 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 stock. According to MarketBeat.com, the stock 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.