Suncor Energy (TSE:SU) Insider Troy Ward Little Sells 8,711 Shares

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Troy Ward Little sold 8,711 shares of Suncor Energy stock in a transaction dated 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 Performance

TSE:SU opened at C$61.01 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. The firm has a 50-day moving average price of C$58.96 and a 200 day moving average price of C$56.06. The firm has a market capitalization of C$73.29 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75. 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 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. Research analysts anticipate that Suncor Energy Inc. will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 24th will be paid a $0.60 dividend. This is an increase from Suncor Energy’s previous quarterly dividend of $0.57. This represents a $2.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 3rd. Suncor Energy’s payout ratio is presently 53.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SU shares. UBS Group increased their price objective on shares of Suncor Energy from C$61.00 to C$65.00 in a report on Wednesday, November 5th. Jefferies Financial Group raised their target price on shares of Suncor Energy from C$53.00 to C$57.00 in a research note on Monday, August 18th. CIBC increased their price objective on shares of Suncor Energy from C$65.00 to C$70.00 in a report on Thursday, November 27th. Desjardins raised their price objective on shares of Suncor Energy from C$73.00 to C$74.00 and gave the company a “buy” rating in a research note on Friday. Finally, Gerdes Energy Research upped their target price on shares of Suncor Energy from C$75.00 to C$78.00 in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.