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

Key Points

• Suncor insider David Jason Oldreive sold 4,542 shares at an average price of C$95.01, generating approximately C$431,535 in proceeds.
• Suncor shares traded near C$95, close to their 12-month high of C$97.13. The company reported quarterly EPS of C$3.23 on revenue of C$17.50 billion.
• The company declared a quarterly dividend of C$0.60 per share, equivalent to C$2.40 annually and a 2.5% yield. Analysts maintain a consensus “Moderate Buy” rating with a C$97.69 target price.

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU insider David Jason Oldreive sold 4,542 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of C$95.01, for a total transaction of C$431,535.42.

Suncor Energy Stock Performance

Shares of SU stock traded down C$0.12 during mid-day trading on Thursday, reaching C$95.17. 999,682 shares of the company's stock traded hands, compared to its average volume of 6,351,517. The firm has a 50 day moving average price of C$89.63 and a two-hundred day moving average price of C$87.10. The firm has a market capitalization of C$111.31 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.15 and a beta of 0.19. 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 debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65.

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

Suncor Energy Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. Suncor Energy's payout ratio is currently 31.64%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SU shares. The Goldman Sachs Group cut Suncor Energy from a "buy" rating to a "hold" rating in a research note on Friday, June 5th. Scotiabank raised Suncor Energy to a "strong-buy" rating in a report on Friday, June 26th. Gerdes Energy Research downgraded Suncor Energy from a "buy" rating to a "neutral" rating and upped their target price for the company from C$96.00 to C$97.00 in a research report on Wednesday, July 22nd. BMO Capital Markets upped their price objective on shares of Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. raised their target price on Suncor Energy from C$107.00 to C$114.00 in a 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 given a Hold rating to the stock. According to MarketBeat, the company currently has an average 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.

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