Suncor Energy (TSE:SU) Insider David Jason Oldreive Sells 5,000 Shares

Key Points

• Insider sale: Suncor Energy insider David Jason Oldreive sold 5,000 shares at C$98.00 each, worth C$490,000, following a 4,542-share sale the prior week.
• Stock and fundamentals: Shares rose 4.4% to C$99.76, near their 52-week high, while the company reported quarterly EPS of C$3.23 and revenue of C$17.50 billion.
• Dividend and analyst view: Suncor declared a quarterly dividend of $0.60 per share, representing a 2.4% annualized yield. Analysts have a consensus “Moderate Buy” rating with a C$97.69 price target.

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU insider David Jason Oldreive sold 5,000 shares of the firm's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of C$98.00, for a total value 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 stock was sold at an average price of C$95.01, for a total value of C$431,535.42.

Suncor Energy Trading Up 4.4%

Shares of TSE SU traded up C$4.18 during midday trading on Tuesday, reaching C$99.76. The company had a trading volume of 2,027,645 shares, compared to its average volume of 6,350,708. Suncor Energy Inc. has a one year low of C$53.02 and a one year high of C$100.24. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48. The firm's fifty day moving average price is C$90.67 and its 200-day moving average price is C$87.49. The stock has a market cap of C$116.68 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 0.15 and a beta of 0.19.

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

Suncor Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, September 4th. Suncor Energy's dividend payout ratio is currently 31.64%.

Analyst Ratings Changes

A number of brokerages have issued reports on SU. Scotiabank upgraded shares of Suncor Energy to a "strong-buy" rating in a research report on Friday, June 26th. Gerdes Energy Research lowered shares of Suncor Energy from a "buy" rating to a "neutral" rating and increased their target price for the stock from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. Desjardins set a C$107.00 price target on Suncor Energy and gave the company a "buy" rating in a report on Friday, July 17th. The Goldman Sachs Group lowered Suncor Energy from a "buy" rating to a "hold" rating in a research report on Friday, June 5th. Finally, TD raised their price target on Suncor Energy from C$113.00 to C$116.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Suncor Energy presently has a consensus rating of "Moderate Buy" and a consensus price target 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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