Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Steven Walter Williams acquired 1,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was purchased at an average cost of C$39.39 per share, with a total value of C$39,390.00.
Suncor Energy Inc. (TSE:SU) traded up 0.91% during mid-day trading on Monday, hitting $40.08. 2,427,785 shares of the stock were exchanged. The company has a 50-day moving average price of $39.96 and a 200-day moving average price of $40.58. Suncor Energy Inc. has a one year low of $34.01 and a one year high of $44.90. The company has a market cap of $66.51 billion and a P/E ratio of 24.80.
Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.11. The business had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.41 billion. Suncor Energy had a return on equity of 3.86% and a net margin of 6.00%. On average, analysts predict that Suncor Energy Inc. will post $1.27 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.19%. The ex-dividend date is Friday, September 1st.
Several analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$50.00 price objective on shares of Suncor Energy in a research report on Thursday, June 8th. Scotiabank downgraded shares of Suncor Energy from an “outperform” rating to a “sector perform” rating and set a C$47.00 price objective for the company. in a research report on Friday, June 9th. AltaCorp Capital downgraded shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 28th. TD Securities lowered 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. Finally, National Bank Financial reaffirmed an “outperfrom under weight” rating on shares of Suncor Energy in a research report on Monday, June 26th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Suncor Energy currently has an average rating of “Buy” and an average target price of C$48.92.
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.
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