Insider Selling: Suncor Energy (TSE:SU) Insider Sells C$2,711,550.92 in Stock

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

Suncor Energy Stock Performance

TSE SU opened at C$60.07 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. Suncor Energy Inc. has a twelve month low of C$43.59 and a twelve month high of C$64.14. The business has a 50-day moving average price of C$59.00 and a 200-day moving average price of C$56.19. The firm has a market cap of C$72.16 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75.

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

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 24th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.0%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Wednesday, December 3rd. Suncor Energy’s payout ratio is presently 53.15%.

Analysts Set New Price Targets

Several equities analysts have weighed in on SU shares. Raymond James Financial upgraded Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 6th. Royal Bank Of Canada increased their price target on Suncor Energy from C$62.00 to C$67.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. TD Securities lifted their price objective on shares of Suncor Energy from C$71.00 to C$73.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group increased their target price on shares of Suncor Energy from C$53.00 to C$57.00 in a research note on Monday, August 18th. Finally, Desjardins raised their target price on shares of Suncor Energy from C$73.00 to C$74.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$65.77.

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.