Suncor Energy (TSE:SU) Insider Sells C$490,000.00 in Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider David Jason Oldreive sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of C$98.00, for a total transaction of C$490,000.00.

David Jason Oldreive also recently made the following trade(s):

• On Tuesday, September 8th, David Jason Oldreive sold 4,542 shares of Suncor Energy stock. The shares were sold at an average price of C$95.01, for a total transaction of C$431,535.42.

Suncor Energy Price Performance

Shares of TSE:SU opened at C$97.31 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48. Suncor Energy Inc. has a fifty-two week low of C$53.02 and a fifty-two week high of C$100.24. The firm has a 50-day simple moving average of C$91.60 and a 200 day simple moving average of C$87.95. The company has a market cap of C$113.82 billion, a PE ratio of 12.99, a P/E/G ratio of 0.15 and a beta of 0.19.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share (EPS) for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. The firm had revenue of C$17.50 billion for the quarter. On average, sell-side analysts anticipate that Suncor Energy Inc. will post 4.4208333 EPS for the current year.

Suncor Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 25th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, September 4th. Suncor Energy’s dividend payout ratio is presently 31.64%.

Analyst Ratings Changes

SU has been the subject of a number of analyst reports. The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. BMO Capital Markets raised their target price on Suncor Energy from C$100.00 to C$105.00 in a research note on Wednesday, August 5th. TD boosted their price target on shares of Suncor Energy from C$113.00 to C$116.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Desjardins set a C$107.00 price target on shares of Suncor Energy and gave the company a “buy” rating in a report on Friday, July 17th. Finally, Raymond James Financial upped 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 research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company 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.