Notable Reporting: What’s Next for Suncor Energy Inc. (USA) After Today’s Huge Increase?

Notable Reporting: What's Next for Suncor Energy Inc. (USA) After Today's Huge Increase?

The stock of Suncor Energy Inc. (USA) (NYSE:SU) is a huge mover today! About 2.33M shares traded hands. Suncor Energy Inc. (USA) (NYSE:SU) has risen 5.01% since March 16, 2016 and is uptrending. It has underperformed by 0.53% the S&P500.
The move comes after 8 months positive chart setup for the $49.67B company. It was reported on Oct, 19 by Barchart.com. We have $43.65 PT which if reached, will make NYSE:SU worth $23.84B more.

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. Citigroup upgraded the stock to “Buy” rating in Thursday, June 23 report. JP Morgan initiated the shares of SU in a report on Tuesday, March 22 with “Neutral” rating. The firm has “Buy” rating given on Friday, August 19 by Bank of America. The stock has “Neutral” rating given by Citigroup on Wednesday, April 20. Citigroup maintained the shares of SU in a report on Wednesday, September 16 with “Neutral” rating. The rating was upgraded by National Bank Canada to “Outperform” on Friday, October 30. The rating was downgraded by TD Securities on Wednesday, November 18 to “Hold”.

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.”

More notable recent Suncor Energy Inc. (USA) (NYSE: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.ca published: “Should You Buy Suncor Energy Inc. or Enbridge Inc.?” on October 12, 2016. More interesting news about Suncor Energy Inc. (USA) (NYSE:SU) were released by: Fool.ca and their article: “Suncor Energy Inc. Takes a $105 Million Hit: Time to Buy?” published on October 06, 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.

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.

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