Suncor Energy (TSE:SU) Insider Sells C$416,421.20 in Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Peter Douglas Zebedee sold 4,388 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of C$94.90, for a total transaction of C$416,421.20.

Peter Douglas Zebedee also recently made the following trade(s):

• On Monday, September 14th, Peter Douglas Zebedee sold 5,000 shares of Suncor Energy stock. The stock was sold at an average price of C$98.00, for a total transaction of C$490,000.00.

Suncor Energy Trading Down 3.5%

SU opened at C$96.46 on Thursday. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.65 and a quick ratio of 0.83. Suncor Energy Inc. has a fifty-two week low of C$53.02 and a fifty-two week high of C$100.24. The company’s 50 day moving average price is C$91.31 and its two-hundred day moving average price is C$87.81. The firm has a market capitalization of C$112.82 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.15 and a beta of 0.19.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share (EPS) for the quarter. The firm had revenue of C$17.50 billion during the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. As a group, research analysts predict that Suncor Energy Inc. will post 4.4208333 earnings per share for the current year.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 31.64%.

Key Suncor Energy News

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: Raymond James raised its price target for Suncor from C$109 to C$118 and reaffirmed an “outperform” rating. The new target implies approximately 21.4% upside from the cited C$97.17 price, strengthening the bullish analyst case for the stock.
• Positive Sentiment: Suncor retains a consensus “Moderate Buy” rating. Recent targets from JPMorgan and Raymond James are well above the broader consensus average, suggesting some analysts see further gains despite the stock’s strong run.
• Positive Sentiment: The company’s C$0.60 quarterly dividend is scheduled for September 25. The C$2.40 annualized payout and roughly 2.4%–2.5% yield support Suncor’s appeal to income-focused investors.
• Neutral Sentiment: Insider Peter Douglas Zebedee sold 5,000 shares at C$98, following a sale of 4,388 shares at C$94.90. David Jason Oldreive also sold 5,000 shares at C$98. The transactions are relatively small compared with Suncor’s market value and may primarily reflect profit-taking.
• Negative Sentiment: Maintenance activity at Suncor’s Fort McMurray-area operations triggered odour complaints. No production disruption was reported, but the incident creates limited environmental, regulatory and reputational risk.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SU shares. The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. TD lifted their price objective on 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. Desjardins set a C$107.00 target price on Suncor Energy and gave the company a “buy” rating in a report on Friday, July 17th. Gerdes Energy Research downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and increased their target price for the company from C$96.00 to C$97.00 in a research report on Wednesday, July 22nd. Finally, Raymond James Financial raised their price target on shares of Suncor Energy from C$109.00 to C$118.00 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$98.25.

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.