Suncor Energy Inc. (TSE:SU) (NYSE:SU) Senior Officer Michael Roderick Macsween sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of C$42.89, for a total transaction of C$1,072,250.00.
Shares of SU stock opened at C$42.86 on Thursday. The firm has a market capitalization of $68.26 billion and a price-to-earnings ratio of 21.22. Suncor Energy Inc. has a 52 week low of C$35.53 and a 52 week high of C$55.47. The company has a debt-to-equity ratio of 39.43, a quick ratio of 0.54 and a current ratio of 0.84.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Shareholders of record on Monday, March 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $1.68 annualized dividend and a yield of 3.92%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.36. Suncor Energy’s payout ratio is presently 71.29%.
Several brokerages recently weighed in on SU. TD Securities upped their target price on shares of Suncor Energy from C$45.00 to C$49.00 and gave the stock a “buy” rating in a report on Thursday, February 7th. Raymond James reaffirmed an “outperform” rating and issued a C$59.00 target price on shares of Suncor Energy in a report on Thursday, February 7th. GMP Securities upped their target price on shares of Suncor Energy from C$46.00 to C$47.00 in a report on Thursday, February 7th. CIBC upped their target price on shares of Suncor Energy from C$52.00 to C$53.00 in a report on Thursday, February 7th. Finally, National Bank Financial upped their target price on shares of Suncor Energy from C$51.00 to C$56.00 and gave the stock an “outperform” rating in a report on Thursday, February 7th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Suncor Energy currently has a consensus rating of “Buy” and an average price target of C$54.89.
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Suncor Energy Company Profile
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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