Kristopher Peter Smith Sells 100,000 Shares of Suncor Energy Inc. (TSE:SU) Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) Senior Officer Kristopher Peter Smith sold 100,000 shares of Suncor Energy stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$51.66, for a total value of C$5,165,900.00.

Suncor Energy Stock Down 0.9 %

Shares of TSE SU opened at C$51.11 on Thursday. The stock has a market cap of C$65.42 billion, a P/E ratio of 8.42, a PEG ratio of 0.15 and a beta of 1.50. The business’s fifty day simple moving average is C$53.11 and its 200-day simple moving average is C$48.32. Suncor Energy Inc. has a 12-month low of C$37.56 and a 12-month high of C$56.69. The company has a current ratio of 1.51, a quick ratio of 0.83 and a debt-to-equity ratio of 36.00.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$1.41 earnings per share for the quarter, topping the consensus estimate of C$1.23 by C$0.18. The company had revenue of C$12.53 billion for the quarter, compared to the consensus estimate of C$11.81 billion. Suncor Energy had a return on equity of 18.64% and a net margin of 15.85%. As a group, equities analysts predict that Suncor Energy Inc. will post 5.7081192 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 25th were issued a $0.545 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $2.18 annualized dividend and a yield of 4.27%. Suncor Energy’s dividend payout ratio (DPR) is 35.91%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. TD Securities raised their price objective on Suncor Energy from C$52.00 to C$57.00 and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. CIBC lifted their price target on shares of Suncor Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Jefferies Financial Group boosted their price target on shares of Suncor Energy from C$54.00 to C$62.00 and gave the company a “hold” rating in a research note on Wednesday, May 22nd. Scotiabank increased their price objective on shares of Suncor Energy from C$54.00 to C$61.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 22nd. Finally, National Bankshares boosted their target price on Suncor Energy from C$75.00 to C$79.00 and gave the company an “outperform” rating in a research report on Wednesday, May 22nd. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Suncor Energy currently has a consensus rating of “Hold” and a consensus price target of C$61.61.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.