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

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

Suncor Energy Price Performance

Shares of TSE SU opened at C$61.01 on Monday. Suncor Energy Inc. has a 1 year low of C$43.59 and a 1 year high of C$64.14. The stock has a market capitalization of C$73.29 billion, a P/E ratio of 14.22, a P/E/G ratio of 0.15 and a beta of 0.75. The company’s 50-day moving average is C$58.96 and its 200 day moving average is C$56.11. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$1.48 EPS for the quarter. The business had revenue of C$12.55 billion during the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. On average, sell-side analysts expect that Suncor Energy Inc. will post 4.4208333 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 24th will be paid a $0.60 dividend. 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. This represents a $2.40 annualized dividend and a yield of 3.9%. Suncor Energy’s payout ratio is currently 53.15%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SU shares. CIBC raised their price objective on Suncor Energy from C$65.00 to C$70.00 in a research report on Thursday, November 27th. Desjardins increased their price target on shares of Suncor Energy from C$73.00 to C$74.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group boosted their price objective on shares of Suncor Energy from C$53.00 to C$57.00 in a research note on Monday, August 18th. UBS Group raised their target price on shares of Suncor Energy from C$61.00 to C$65.00 in a research note on Wednesday, November 5th. Finally, TD Securities lifted their target price on shares of Suncor Energy from C$71.00 to C$73.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.