Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) released its quarterly earnings data on Tuesday. The company reported C$3.97 EPS for the quarter, FiscalAI reports. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. The company had revenue of C$18.88 billion during the quarter.
Suncor Energy Price Performance
Shares of SU stock traded down C$0.07 during trading hours on Tuesday, reaching C$105.43. The stock had a trading volume of 4,968,544 shares, compared to its average volume of 6,053,691. The stock’s fifty day simple moving average is C$100.14 and its 200 day simple moving average is C$88.29. The firm has a market capitalization of C$123.31 billion, a PE ratio of 14.08, a PEG ratio of 0.15 and a beta of 0.18. Suncor Energy has a 12 month low of C$54.55 and a 12 month high of C$112.80. The company has a current ratio of 1.65, a quick ratio of 0.83 and a debt-to-equity ratio of 30.48.
Suncor Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is 31.64%.
Insider Buying and Selling at Suncor Energy
In related news, insider Curtis Wade Serra sold 2,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of C$94.03, for a total transaction of C$225,672.00. Also, insider Adam Husain Albeldawi sold 1,173 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of C$95.01, for a total transaction of C$111,446.73. Insiders have sold a total of 79,792 shares of company stock worth $7,294,928 in the last ninety days. Insiders own 0.01% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on SU shares. JPMorgan Chase & Co. boosted their target price on shares of Suncor Energy from C$107.00 to C$114.00 in a report on Thursday, August 13th. TD increased their target price on Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada raised their price target on Suncor Energy from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a report on Tuesday, October 13th. National Bank Financial reduced their price target on Suncor Energy from C$146.00 to C$145.00 and set an “outperform” rating for the company in a research report on Tuesday, October 20th. Finally, Raymond James Financial lifted their price target on Suncor Energy from C$109.00 to C$118.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$103.06.
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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