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

Key Points

• Insider David Jason Oldreive sold 4,542 shares of Suncor Energy at an average price of C$57.50, totaling C$261,165.
• Suncor Energy recently announced a quarterly dividend of $0.57, with a dividend yield of 3.9%, scheduled to be paid on September 25th.
• Analysts have a consensus rating of "Moderate Buy" for Suncor Energy, with an average price target of C$63.67, reflecting a positive outlook for the company's stock.

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU insider David Jason Oldreive sold 4,542 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$57.50, for a total value of C$261,165.00.

Suncor Energy Stock Performance

Shares of TSE SU traded down C$0.40 during midday trading on Thursday, hitting C$58.15. 1,541,767 shares of the stock traded hands, compared to its average volume of 8,186,059. The firm has a 50-day moving average of C$54.46 and a two-hundred day moving average of C$52.17. The firm has a market capitalization of C$70.55 billion, a P/E ratio of 12.81, a PEG ratio of 0.15 and a beta of 0.83. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. Suncor Energy Inc. has a one year low of C$43.59 and a one year high of C$58.71.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its earnings results on Tuesday, August 5th. The company reported C$0.71 EPS for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. On average, equities analysts forecast that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 25th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 4th. Suncor Energy's payout ratio is 49.67%.

Wall Street Analysts Forecast Growth

SU has been the subject of several analyst reports. TD Securities increased their price objective on Suncor Energy from C$62.00 to C$63.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Jefferies Financial Group raised their target price on Suncor Energy from C$53.00 to C$57.00 in a research note on Monday, August 18th. Raymond James Financial raised their target price on Suncor Energy from C$57.00 to C$58.00 and gave the stock a "market perform" rating in a research note on Thursday, August 7th. ATB Capital raised their target price on Suncor Energy from C$60.00 to C$62.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company raised their target price on Suncor Energy from C$59.00 to C$60.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$63.67.

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.

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