Suncor Energy Inc. (SU) Insider Sells C$2,530,000.00 in Stock
Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Michael Roderick Macsween sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of C$46.00, for a total value of C$2,530,000.00.
Michael Roderick Macsween also recently made the following trade(s):
- On Wednesday, September 27th, Michael Roderick Macsween sold 20,000 shares of Suncor Energy stock. The shares were sold at an average price of C$43.00, for a total value of C$860,000.00.
Shares of Suncor Energy Inc. (TSE SU) traded down C$0.14 during midday trading on Wednesday, reaching C$45.94. The company’s stock had a trading volume of 2,395,687 shares, compared to its average volume of 2,720,000. Suncor Energy Inc. has a 52 week low of C$36.09 and a 52 week high of C$45.90.
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A number of brokerages recently weighed in on SU. National Bank Financial cut their price objective on Suncor Energy from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Friday, October 13th. J P Morgan Chase & Co lifted their price target on Suncor Energy from C$39.00 to C$42.00 in a research report on Thursday, September 14th. CIBC lifted their price target on Suncor Energy from C$50.00 to C$53.00 in a research report on Tuesday, October 17th. TD Securities dropped their price target on Suncor Energy from C$46.00 to C$45.00 and set a “buy” rating on the stock in a research report on Thursday, July 27th. Finally, Barclays PLC lifted their price target on Suncor Energy from C$49.00 to C$50.00 in a research report on Friday, October 27th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$49.17.
About Suncor Energy
Suncor Energy Inc (Suncor) is an 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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