In today’s session Suncor Energy Inc. (USA) (SU) registered an unusually high (659) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SU increase. With 659 contracts traded and 1574 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SU161118C00029000 closed last at: $0.49 or 5.8% down. About 1.14M shares traded hands. Suncor Energy Inc. (USA) (NYSE:SU) has risen 10.86% since March 2, 2016 and is uptrending. It has outperformed by 2.60% the S&P500.
Analysts await Suncor Energy Inc. (USA) (NYSE:SU) to report earnings on October, 26. They expect $-0.15 earnings per share, down 171.43% or $0.36 from last year’s $0.21 per share. After $-0.28 actual earnings per share reported by Suncor Energy Inc. (USA) for the previous quarter, Wall Street now forecasts -46.43% EPS growth.
Suncor Energy Inc. (USA) (NYSE:SU) Ratings Coverage
Out of 9 analysts covering Suncor Energy Inc. (NYSE:SU), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. Suncor Energy Inc. has been the topic of 15 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by Citigroup to “Buy” on Thursday, June 23. The company was downgraded on Wednesday, April 20 by Citigroup. The stock has “Outperform” rating given by National Bank Canada on Friday, October 30. The stock of Suncor Energy Inc. (USA) (NYSE:SU) earned “Neutral” rating by JP Morgan on Tuesday, March 22. The stock of Suncor Energy Inc. (USA) (NYSE:SU) earned “Buy” rating by Bank of America on Friday, August 19. The stock of Suncor Energy Inc. (USA) (NYSE:SU) has “Neutral” rating given on Wednesday, September 16 by Citigroup. TD Securities downgraded the stock to “Hold” rating in Wednesday, November 18 report.
According to Zacks Investment Research, “SUNCOR ENERGY is a world leader in mining and extracting crude oil from the vast oil sands deposits of northern Alberta. They also explore for, develop and market natural gas, operate a refining and marketing business in Ontario, and are actively involved in the development of renewable energy sources to help meet the energy needs of tomorrow.”
Suncor Energy Inc. is an integrated energy company. The company has a market cap of $46.40 billion. The Firm is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. It currently has negative earnings. The Firm operates in three business divisions: Oil Sands, Exploration and Production (E&P), and Refining and Marketing.
SU Company Profile
Suncor Energy Inc. (Suncor), incorporated on August 1, 2009, is an integrated energy company. The Firm is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Firm operates in three business divisions: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. In addition, it explores for, acquires, develops, produces and markets natural gas and crude oil in Canada and internationally. It transports and refines crude oil, and markets petroleum and petrochemical products primarily in Canada. It also markets third-party petroleum products. Suncor conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, power and byproducts.
More notable recent Suncor Energy Inc. (USA) (NYSE:SU) news were published by: Fool.ca which released: “Should You Buy Suncor Energy Inc. Today?” on October 03, 2016, also Fool.ca with their article: “Should Suncor Energy Inc. or Encana Corp. Be Your Next Oil Bet?” published on September 29, 2016, Fool.ca published: “Suncor Energy Inc. Just Spent $105 Million on a Dry Hole” on September 28, 2016. More interesting news about Suncor Energy Inc. (USA) (NYSE:SU) were released by: Fool.ca and their article: “Despite the Uncertainty, Suncor Energy Inc. Has Plenty of Growth Ahead” published on September 22, 2016 as well as Fool.ca‘s news article titled: “Suncor Energy Inc. Has Additional Acquisitions Planned” with publication date: July 08, 2016.
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