The stock of Suncor Energy Inc. (TSE:SU) is a huge mover today! About 1.17 million shares traded hands. Suncor Energy Inc. (TSE:SU) has risen 9.14% since March 14, 2016 and is uptrending. It has outperformed by 3.60% the S&P500.
The move comes after 5 months positive chart setup for the $65.17B company. It was reported on Oct, 19 by Barchart.com. We have $49.60 PT which if reached, will make TSE:SU worth $18.25B more.
Suncor Energy Inc. (TSE:SU) Ratings Coverage
Out of 3 analysts covering Suncor Energy Inc. (TSE:SU), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $45 is the highest target while $36 is the lowest. The $39.11 average target is 0.93% above today’s ($38.75) stock price. Suncor Energy Inc. has been the topic of 20 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Citigroup given on Friday, February 12. On Monday, June 6 the stock rating was maintained by Raymond James with “”. The firm earned “Outperform” rating on Friday, July 29 by Scotia Capital. RBC Capital Markets maintained the shares of SU in a report on Friday, April 29 with “Outperform” rating.
More notable recent Suncor Energy Inc. (TSE:SU) news were published by: Fool.ca which released: “Suncor Energy Inc.: A Buy With Slowly Rising Oil Prices?” on October 17, 2016, also Fool.ca with their article: “Suncor Energy Inc.: Get Ready for Another Major Transaction” published on October 14, 2016, Fool.com published: “Will Suncor Energy Inc. Raise Its Dividend in 2017?” on September 26, 2016. More interesting news about Suncor Energy Inc. (TSE:SU) were released by: Fool.ca and their article: “Should You Buy Suncor Energy Inc. or Enbridge Inc.?” published on October 12, 2016 as well as Fool.ca‘s news article titled: “Suncor Energy Inc. Just Spent $105 Million on a Dry Hole” with publication date: September 28, 2016.
Suncor Energy Inc. is an integrated energy company. The company has a market cap of $65.17 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.TO 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.
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