Suncor Energy Inc. (TSE:SU) Senior Officer Shelley Powell Sells 50,000 Shares of Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) Senior Officer Shelley Powell sold 50,000 shares of the company’s stock in a transaction dated 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 Stock Up 0.4 %

SU stock opened at C$57.20 on Tuesday. The firm 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 Inc. has a twelve month low of C$40.07 and a twelve month high of C$57.69. The stock’s 50 day moving average is C$52.85 and its 200-day moving average is C$53.14.

Suncor Energy Announces Dividend

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. This represents a $2.18 annualized dividend and a yield of 3.81%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 37.46%.

Analyst Ratings Changes

A number of research analysts recently issued reports on SU shares. BMO Capital Markets upgraded 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 decreased their price objective on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a report on Monday, September 16th. National Bankshares upped their price target on Suncor Energy from C$73.00 to C$76.00 in a research report on Thursday, November 14th. Royal Bank of Canada lifted their price objective on Suncor Energy from C$64.00 to C$66.00 in a research note on Thursday, November 14th. Finally, 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. Five research 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$61.81.

Suncor Energy Company Profile

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.