Shares of Suncor Energy Inc. (TSE:SU – Get Free Report) (NYSE:SU) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$88.42 and traded as high as C$96.48. Suncor Energy shares last traded at C$95.76, with a volume of 6,402,533 shares trading hands.
Analyst Upgrades and Downgrades
Several analysts recently commented on SU shares. BMO Capital Markets upped their price target on shares of Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday, August 5th. Raymond James Financial lifted their price objective on shares of Suncor Energy from C$109.00 to C$118.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. The Goldman Sachs Group cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, June 5th. TD increased their target price on shares of Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, Scotiabank raised Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$98.25.
Suncor Energy Trading Down 0.5%
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. The firm had revenue of C$17.50 billion during the quarter. Equities analysts forecast that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.
Suncor Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be paid a $0.60 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. Suncor Energy’s payout ratio is 31.64%.
Insider Transactions at Suncor Energy
In related news, insider Peter Douglas Zebedee sold 5,000 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of C$98.00, for a total transaction of C$490,000.00. Also, insider Richard Michael Kruger sold 15,378 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of C$94.84, for a total value of C$1,458,449.52. Over the last 90 days, insiders sold 79,792 shares of company stock valued at $7,294,928. 0.01% of the stock is owned by company insiders.
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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.
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