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 firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of C$95.01, for a total value of C$431,535.42.

Suncor Energy Stock Down 0.0%

Shares of SU opened at C$95.30 on Friday. Suncor Energy Inc. has a 12-month low of C$53.02 and a 12-month high of C$97.13. The firm has a fifty day moving average price of C$90.32 and a 200-day moving average price of C$87.29. The firm has a market capitalization of C$111.47 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.15 and a beta of 0.19. The company has a current ratio of 1.65, a quick ratio of 0.83 and a debt-to-equity ratio of 30.48.

Suncor Energy (TSE:SU) (NYSE:SU) last issued 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 for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. Equities research analysts expect that Suncor Energy Inc. will post 4.4208333 earnings per share for the current year.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a 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

Several equities research analysts have recently commented on the stock. 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. Raymond James Financial lifted their price objective on shares of Suncor Energy from C$103.00 to C$109.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. BMO Capital Markets boosted their price objective on shares of Suncor Energy from C$100.00 to C$105.00 in a research note on Wednesday, August 5th. Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. increased their target price on Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus 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.