Insider Selling: Suncor Energy (TSE:SU) Insider Sells C$545,395.71 in Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Troy Ward Little sold 8,711 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of C$62.61, for a total transaction of C$545,395.71.

Suncor Energy Stock Down 1.5%

SU stock opened at C$60.07 on Tuesday. The stock has a market capitalization of C$72.16 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The firm has a 50-day moving average price of C$59.00 and a 200-day moving average price of C$56.19. Suncor Energy Inc. has a 12 month low of C$43.59 and a 12 month high of C$64.14.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data 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 during the quarter. As a group, equities research analysts anticipate that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SU. Gerdes Energy Research upped their target price on shares of Suncor Energy from C$75.00 to C$78.00 in a research note on Monday, November 10th. Jefferies Financial Group upped their price target on shares of Suncor Energy from C$53.00 to C$57.00 in a report on Monday, August 18th. National Bankshares lifted their target price on shares of Suncor Energy from C$65.00 to C$68.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Raymond James Financial upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 6th. Finally, CIBC lifted their price objective on Suncor Energy from C$65.00 to C$70.00 in a report on Thursday, November 27th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.