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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) Senior Officer Shelley Powell sold 50,000 shares of the stock in a transaction 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 Trading Up 0.5 %

Suncor Energy stock traded up C$0.31 during trading hours on Monday, hitting C$57.31. The stock had a trading volume of 867,739 shares, compared to its average volume of 7,815,902. 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 stock has a market cap of C$72.78 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 0.15 and a beta of 1.47. Suncor Energy Inc. has a one year low of C$40.07 and a one year high of C$57.69. The business’s 50 day simple moving average is C$52.72 and its 200-day simple moving average is C$53.12.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.80%. Suncor Energy’s dividend payout ratio (DPR) is 37.46%.

Analysts Set New Price Targets

Several analysts recently weighed in on SU shares. Raymond James raised their price objective on Suncor Energy from C$52.00 to C$56.00 in a research note on Thursday. Jefferies Financial Group reduced their price objective on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Scotiabank raised their price objective on Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday, November 13th. TD Securities raised their price objective on Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday, November 13th. Finally, BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective on the stock in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$61.54.

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.