Suncor Energy (TSE:SU) Insider Sells C$431,535.42 in Stock

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

Suncor Energy Stock Down 0.0%

TSE SU opened at C$95.30 on Friday. The stock has a market capitalization of C$111.47 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 0.15 and a beta of 0.19. Suncor Energy Inc. has a 52 week low of C$53.02 and a 52 week 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. The stock has a fifty day moving average of C$90.32 and a 200-day moving average of C$87.29.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share (EPS) for the quarter. The business 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, equities research analysts forecast that Suncor Energy Inc. will post 4.4208333 EPS for the current year.

Suncor Energy Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on SU. Gerdes Energy Research cut shares of Suncor Energy from a “buy” rating to a “neutral” rating and raised their price objective for the company from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Raymond James Financial lifted their price objective on Suncor Energy from C$103.00 to C$109.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. upped their price objective on Suncor Energy from C$107.00 to C$114.00 in a report on Thursday, August 13th. Finally, Desjardins set a C$107.00 target price on Suncor Energy and gave the company a “buy” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and an average 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.