Suncor Energy Inc. (TSE:SU) (NYSE:SU) Director Dennis Michael Houston bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were acquired at an average price of C$32.47 per share, for a total transaction of C$162,350.00.
Suncor Energy Inc. (SU) opened at C$42.87 on Friday. Suncor Energy Inc. has a fifty-two week low of C$36.09 and a fifty-two week high of C$47.69. The company has a market capitalization of $69,340.00, a P/E ratio of 16.00 and a beta of 0.45.
Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Thursday, February 8th. The company reported C$0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.68 by C$0.11. The business had revenue of C$9.04 billion during the quarter, compared to analyst estimates of C$8 billion. Suncor Energy had a return on equity of 12.21% and a net margin of 15.36%.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 5th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.36%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 2nd. Suncor Energy’s dividend payout ratio is presently 47.76%.
A number of analysts have recently commented on SU shares. TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a C$52.00 target price on the stock in a research note on Friday, February 9th. Barclays upped their price target on Suncor Energy from C$50.00 to C$52.00 in a report on Friday, February 9th. Royal Bank of Canada upped their price target on Suncor Energy from C$49.00 to C$52.00 in a report on Friday, February 9th. Raymond James Financial upped their price target on Suncor Energy from C$47.00 to C$52.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Finally, Eight Capital set a C$56.00 price target on Suncor Energy and gave the stock a “neutral” rating in a report on Thursday, January 11th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$51.50.
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About Suncor Energy
Suncor Energy Inc is a Canada-based 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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