Suncor Energy Inc. (TSE:SU - Get Free Report) (NYSE:SU) Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00.
Suncor Energy Stock Performance
Suncor Energy stock opened at C$57.20 on Tuesday. The firm has a fifty day simple moving average of C$52.85 and a two-hundred day simple moving average of C$53.14. Suncor Energy Inc. has a twelve month low of C$40.07 and a twelve month high of C$57.69. The company has a market capitalization of C$72.64 billion, a PE ratio of 9.83, a P/E/G ratio of 0.15 and a beta of 1.47. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98.
Suncor Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were issued a dividend of $0.545 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a yield of 3.81%. Suncor Energy's dividend payout ratio is currently 37.46%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on SU shares. TD Securities increased their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. BMO Capital Markets raised shares of Suncor Energy from a "market perform" rating to an "outperform" rating and set a C$62.00 price objective for the company in a report on Wednesday, August 7th. Jefferies Financial Group lowered their target price on shares of Suncor Energy from C$62.00 to C$55.00 and set a "hold" rating on the stock in a report on Monday, September 16th. Scotiabank raised their price target on Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th. Finally, Desjardins upgraded Suncor Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$61.81.
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About Suncor Energy
(
Get Free Report)
Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.
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