Suncor Energy Inc. (TSE:SU) (NYSE:SU) Director Dominic D’alessandro acquired 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were acquired at an average cost of C$42.20 per share, for a total transaction of C$1,266,000.00.
Suncor Energy Inc. (TSE:SU) opened at C$43.36 on Friday. The stock has a market capitalization of $71,160.00, a PE ratio of 16.18 and a beta of 0.40. Suncor Energy Inc. has a 12-month low of C$36.09 and a 12-month high of C$47.69.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 5th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.32%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 2nd. Suncor Energy’s dividend payout ratio (DPR) is presently 46.64%.
Several equities research analysts recently commented on SU shares. TD Securities increased their price objective on Suncor Energy from C$49.00 to C$50.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Royal Bank of Canada raised their target price on Suncor Energy from C$45.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Barclays raised their target price on Suncor Energy from C$49.00 to C$50.00 in a research report on Friday, October 27th. GMP Securities raised their target price on Suncor Energy from C$42.00 to C$43.00 in a research report on Thursday, November 16th. Finally, BMO Capital Markets raised their target price on Suncor Energy from C$50.00 to C$52.00 in a research report on Thursday, November 16th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Suncor Energy has an average rating of “Buy” and a consensus target price of C$51.54.
Suncor Energy Company Profile
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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