Insider Selling: Suncor Energy Inc. (SU) Insider Sells C$860,000.00 in Stock
Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Michael Roderick Macsween sold 20,000 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of C$43.00, for a total transaction of C$860,000.00.
Shares of Suncor Energy Inc. (TSE:SU) opened at 43.73 on Friday. The firm has a market capitalization of $72.56 billion and a PE ratio of 27.06. Suncor Energy Inc. has a 52-week low of $34.03 and a 52-week high of $44.90. The company’s 50-day moving average is $40.29 and its 200 day moving average is $40.55.
Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Wednesday, July 26th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.23 by C($0.11). Suncor Energy had a net margin of 6.00% and a return on equity of 3.86%. The firm had revenue of C$7.26 billion during the quarter, compared to analyst estimates of C$7.41 billion. Equities analysts expect that Suncor Energy Inc. will post $1.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Tuesday, September 5th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.93%. The ex-dividend date was Friday, September 1st.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/insider-selling-suncor-energy-inc-su-insider-sells-c860000-00-in-stock/1600288.html.
A number of brokerages have recently commented on SU. AltaCorp Capital cut shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 28th. J P Morgan Chase & Co raised their price objective on shares of Suncor Energy from C$39.00 to C$42.00 in a research report on Thursday, September 14th. National Bank Financial restated an “outperfrom under weight” rating on shares of Suncor Energy in a research report on Monday, June 26th. Royal Bank Of Canada restated an “outperform” rating and set a C$50.00 price objective on shares of Suncor Energy in a research report on Thursday, June 8th. Finally, TD Securities cut their price objective on shares of Suncor Energy from C$46.00 to C$45.00 and set a “buy” rating for the company in a research report on Thursday, July 27th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$49.08.
About Suncor Energy
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
Receive News & Ratings for Suncor Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.