The stock of Suncor Energy Inc. (TSE:SU) is a huge mover today! About 897,547 shares traded hands. Suncor Energy Inc. (TSE:SU) has risen 8.60% since April 1, 2016 and is uptrending. It has outperformed by 6.65% the S&P500.
The move comes after 7 months positive chart setup for the $65.71B company. It was reported on Nov, 7 by Barchart.com. We have $54.39 PT which if reached, will make TSE:SU worth $23.66 billion more.
Suncor Energy Inc. (TSE:SU) Ratings Coverage
Out of 7 analysts covering Suncor Energy Inc. (TSE:SU), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $52 is the highest target while $12.50 is the lowest. The $40.05 average target is 0.15% above today’s ($39.99) stock price. Suncor Energy Inc. has been the topic of 27 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Friday, April 29. The firm earned “Buy” rating on Friday, February 12 by Citigroup. The stock of Suncor Energy Inc. (TSE:SU) has “” rating given on Monday, June 6 by Raymond James. On Friday, October 28 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of Suncor Energy Inc. (TSE:SU) has “Overweight” rating given on Wednesday, November 2 by Morgan Stanley. Scotia Capital maintained the stock with “Outperform” rating in Friday, July 29 report.
More notable recent Suncor Energy Inc. (TSE:SU) news were published by: Fool.com which released: “Better Buy: Suncor Energy Inc. vs. Phillips 66” on November 01, 2016, also Business.Financialpost.com with their article: “Suncor Energy Inc sells lubricants unit to HollyFrontier Corp for $1.13 billion” published on October 31, 2016, Fool.ca published: “Contrarian Investors: Suncor Energy Inc. and the Value of Patience” on October 29, 2016. More interesting news about Suncor Energy Inc. (TSE:SU) were released by: Wsj.com and their article: “Canada’s Suncor Energy Swings to Profit” published on October 27, 2016 as well as Fool.ca‘s news article titled: “3 Remarkable Numbers a Suncor Energy Inc. Investor Won’t Want to Miss” with publication date: November 03, 2016.
Suncor Energy Inc. is an integrated energy company. The company has a market cap of $65.71 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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