Adam Husain Albeldawi Sells 1,173 Shares of Suncor Energy (TSE:SU) Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Adam Husain Albeldawi sold 1,173 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of C$95.01, for a total value of C$111,446.73.

Suncor Energy Price Performance

Shares of TSE:SU opened at C$95.31 on Friday. The company has a market capitalization of C$111.48 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.15 and a beta of 0.19. The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65. The stock has a fifty day moving average of C$89.97 and a 200-day moving average of C$87.23. Suncor Energy Inc. has a one year low of C$53.02 and a one year high of C$97.13.

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

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, September 4th. Suncor Energy’s payout ratio is presently 31.64%.

Analysts Set New Price Targets

SU has been the subject of several recent analyst reports. The Goldman Sachs Group cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, June 5th. BMO Capital Markets boosted their price target on shares of Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. TD raised their price objective on shares of 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. Desjardins set a C$107.00 price objective on shares of Suncor Energy and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Gerdes Energy Research downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and boosted their target price for the company from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. One equities 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.