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 Suncor Energy stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of C$57.50, for a total value of C$261,165.00.

Suncor Energy Price Performance

Suncor Energy stock traded up C$1.02 during midday trading on Tuesday, reaching C$59.15. 11,103,176 shares of the company were exchanged, compared to its average volume of 8,215,938. The company has a market capitalization of C$71.76 billion, a price-to-earnings ratio of 13.03, a P/E/G ratio of 0.15 and a beta of 0.83. The firm's 50-day simple moving average is C$54.83 and its 200-day simple moving average is C$52.20. Suncor Energy Inc. has a 1 year low of C$43.59 and a 1 year high of C$59.76. 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 (TSE:SU - Get Free Report) NYSE: SU last issued its quarterly earnings results on Tuesday, August 5th. The company reported C$0.71 earnings per share (EPS) for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. On average, analysts anticipate that Suncor Energy Inc. will post 4.4208333 EPS for the current year.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 4th. Suncor Energy's dividend payout ratio (DPR) is presently 49.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Suncor Energy from C$59.00 to C$60.00 and gave the company an "overweight" rating in a research note on Thursday, June 26th. Jefferies Financial Group lifted their price objective on Suncor Energy from C$53.00 to C$57.00 in a research note on Monday, August 18th. TD Securities lifted their price objective on Suncor Energy from C$62.00 to C$63.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Gerdes Energy Research reduced their price objective on Suncor Energy from C$79.00 to C$77.00 in a research note on Thursday, September 11th. Finally, ATB Capital lifted their price objective on Suncor Energy from C$60.00 to C$62.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.