David Jason Oldreive Sells 4,542 Shares of Suncor Energy (TSE:SU) Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider David Jason Oldreive sold 4,542 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of C$95.01, for a total transaction of C$431,535.42.

Suncor Energy Price Performance

Suncor Energy stock traded down C$0.12 during midday trading on Thursday, reaching C$95.17. The company had a trading volume of 999,682 shares, compared to its average volume of 6,351,517. 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 12-month low of C$53.02 and a 12-month high of C$97.13. The company has a market capitalization of C$111.31 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.15 and a beta of 0.19. The firm’s fifty day simple moving average is C$89.63 and its 200-day simple moving average is C$87.10.

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

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 25th will be issued a $0.60 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Suncor Energy’s dividend payout ratio (DPR) is presently 31.64%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SU. Gerdes Energy Research lowered shares of Suncor Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. BMO Capital Markets boosted their price target on shares of Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday, August 5th. TD upped their price objective on shares of Suncor Energy from C$113.00 to C$116.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Desjardins set a C$107.00 target price on shares of Suncor Energy and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$97.69.

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.