Peter Douglas Zebedee Sells 43,364 Shares of Suncor Energy (TSE:SU) Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Peter Douglas Zebedee sold 43,364 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of C$62.53, for a total transaction of C$2,711,550.92.

Suncor Energy Price Performance

Shares of TSE:SU opened at C$61.01 on Monday. Suncor Energy Inc. has a fifty-two week low of C$43.59 and a fifty-two week high of C$64.14. The business has a 50-day moving average of C$58.96 and a two-hundred day moving average of C$56.11. The stock has a market capitalization of C$73.29 billion, a P/E ratio of 14.22, a P/E/G ratio of 0.15 and a beta of 0.75. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$1.48 EPS for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%.The business had revenue of C$12.55 billion for the quarter. On average, equities research analysts predict that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 24th will be given a $0.60 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.57. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 3rd. Suncor Energy’s payout ratio is 53.15%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. CIBC upped their price objective on shares of Suncor Energy from C$65.00 to C$70.00 in a report on Thursday, November 27th. Jefferies Financial Group upped their price target on shares of Suncor Energy from C$53.00 to C$57.00 in a report on Monday, August 18th. Wells Fargo & Company set a C$57.00 price objective on Suncor Energy and gave the stock an “equal weight” rating in a research note on Friday, October 17th. Gerdes Energy Research increased their target price on Suncor Energy from C$75.00 to C$78.00 in a research note on Monday, November 10th. Finally, National Bankshares raised their target price on Suncor Energy from C$65.00 to C$68.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$65.77.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.