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

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

Suncor Energy Stock Up 4.4%

Shares of SU stock traded up C$4.18 during trading hours on Tuesday, hitting C$99.76. 2,027,645 shares of the company’s stock traded hands, compared to its average volume of 6,350,708. 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 stock’s fifty day simple moving average is C$90.67 and its two-hundred day simple moving average is C$87.49. Suncor Energy Inc. has a 12-month low of C$53.02 and a 12-month high of C$100.24. The stock has a market cap of C$116.68 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 0.15 and a beta of 0.19.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%.The company had revenue of C$17.50 billion during the quarter. On average, analysts expect that Suncor Energy Inc. will post 4.4208333 EPS 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 paid 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 2.4%. Suncor Energy’s payout ratio is presently 31.64%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SU. The Goldman Sachs Group cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Raymond James Financial boosted their price objective on shares of Suncor Energy from C$103.00 to C$109.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Gerdes Energy Research downgraded Suncor Energy from a “buy” rating to a “neutral” rating and increased their target price for the company from C$96.00 to C$97.00 in a report on Wednesday, July 22nd. Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Desjardins set a C$107.00 price objective on shares of Suncor Energy and gave the stock a “buy” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.