Is Buying Stock Like Suncor Energy Inc. (USA) Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like Suncor Energy Inc. (USA) Good Idea After Today's Bullish Options Activity?

In today’s session Suncor Energy Inc. (USA) (SU) registered an unusually high (1,625) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SU increase. With 1,625 contracts traded and 5544 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SU170120C00032000 closed last at: $0.91 or 152.8% up. About 1.13M shares traded hands. Suncor Energy Inc. (USA) (NYSE:SU) has risen 13.47% since March 29, 2016 and is uptrending. It has outperformed by 9.99% the S&P500.

Suncor Energy Inc. (USA) (NYSE:SU) Ratings Coverage

Out of 10 analysts covering Suncor Energy Inc. (NYSE:SU), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. $45 is the highest target while $28 is the lowest. The $39.50 average target is 29.89% above today’s ($30.41) stock price. Suncor Energy Inc. has been the topic of 16 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Bank of America given on Friday, August 19. TD Securities downgraded Suncor Energy Inc. (USA) (NYSE:SU) on Wednesday, November 18 to “Hold” rating. The stock of Suncor Energy Inc. (USA) (NYSE:SU) has “Neutral” rating given on Wednesday, April 20 by Citigroup. The firm earned “Outperform” rating on Thursday, October 27 by Macquarie Research. The rating was upgraded by National Bank Canada on Friday, October 30 to “Outperform”. Citigroup maintained the shares of SU in a report on Wednesday, September 16 with “Neutral” rating. The rating was upgraded by Citigroup to “Buy” on Thursday, June 23. The stock of Suncor Energy Inc. (USA) (NYSE:SU) has “Neutral” rating given on Tuesday, March 22 by JP Morgan.

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 $50.08 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: “Contrarian Investors: Suncor Energy Inc. and the Value of Patience” on October 29, 2016, also Fool.ca with their article: “Suncor Energy Inc. Is Going Through Radical Change: Here’s Why” published on October 26, 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: “Suncor Energy Inc.: A Buy With Slowly Rising Oil Prices?” published on October 17, 2016 as well as Fool.ca‘s news article titled: “Suncor Energy Inc.: Get Ready for Another Major Transaction” with publication date: October 14, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment