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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider David Jason Oldreive sold 4,542 shares of the business’s stock in a transaction dated 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 Trading Up 0.0%

Shares of SU opened at C$95.31 on Friday. 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 Inc. has a 12-month low of C$53.02 and a 12-month high of C$97.13. The firm has a 50-day moving average price of C$89.97 and a 200 day moving average price of C$87.23. The firm has a market capitalization of C$111.48 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.15 and a beta of 0.19.

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

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be issued a $0.60 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Suncor Energy’s dividend payout ratio is currently 31.64%.

Wall Street Analysts Forecast Growth

SU has been the topic of a number of research analyst reports. Gerdes Energy Research downgraded Suncor Energy from a “buy” rating to a “neutral” rating and lifted 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 increased their price target on Suncor Energy from C$100.00 to C$105.00 in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised their price objective on Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. TD boosted their price objective 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. Finally, Scotiabank raised shares of Suncor Energy to a “strong-buy” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.