Suncor Energy Inc. (TSE:SU) Senior Officer Sells C$2,843,700.00 in Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) Senior Officer Shelley Powell sold 50,000 shares of the company’s 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 value of C$2,843,700.00.

Suncor Energy Price Performance

Shares of SU stock opened at C$57.10 on Thursday. The stock has a 50-day moving average price of C$53.14 and a 200 day moving average price of C$53.19. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. The firm has a market cap of C$72.52 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy Inc. has a 12 month low of C$40.07 and a 12 month high of C$57.69.

Suncor Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 37.46%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group upped their target price on Suncor Energy from C$61.00 to C$65.00 in a research report on Monday. National Bankshares increased their price objective on Suncor Energy from C$73.00 to C$76.00 in a research report on Thursday, November 14th. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective for the company in a research report on Wednesday, August 7th. Royal Bank of Canada raised their target price on Suncor Energy from C$64.00 to C$66.00 in a research report on Thursday, November 14th. Finally, TD Securities increased their price objective on Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$61.81.

About Suncor Energy

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.