Suncor Energy (TSE:SU) (NYSE:SU) Director Dennis Michael Houston bought 5,000 shares of the stock in a transaction dated Wednesday, March 14th. The shares were acquired at an average cost of C$32.47 per share, for a total transaction of C$162,350.00.
Shares of TSE:SU traded down C$0.03 during mid-day trading on Friday, reaching C$46.11. 5,717,936 shares of the company’s stock were exchanged, compared to its average volume of 3,192,934. Suncor Energy has a twelve month low of C$36.09 and a twelve month high of C$47.69.
Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.79 EPS for the quarter, topping analysts’ consensus estimates of C$0.68 by C$0.11. The company had revenue of C$9.04 billion for the quarter, compared to analyst estimates of C$8 billion. Suncor Energy had a net margin of 15.36% and a return on equity of 12.21%.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 26th. Stockholders of record on Monday, March 5th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Friday, March 2nd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.32.
A number of research analysts recently issued reports on SU shares. Wells Fargo lifted their price objective on shares of Suncor Energy from C$56.00 to C$59.00 in a research note on Thursday, January 11th. Barclays lifted their price objective on shares of Suncor Energy from C$50.00 to C$52.00 in a research note on Friday, February 9th. Royal Bank of Canada raised their target price on shares of Suncor Energy from C$49.00 to C$52.00 in a research report on Friday, February 9th. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a C$52.00 target price on the stock in a research report on Friday, February 9th. Finally, Eight Capital set a C$56.00 target price on shares of Suncor Energy and gave the company a “neutral” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Suncor Energy presently has a consensus rating of “Buy” and a consensus price target of C$51.50.
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Suncor Energy Company Profile
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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