Is Selling Suncor Energy Inc. Here a Winning Strategy?

 Is Selling Suncor Energy Inc. Here a Winning Strategy?

The stock of Suncor Energy Inc. (TSE:SU) is a huge mover today! About 679,497 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 9 months negative chart setup for the $68.90B company. It was reported on Nov, 8 by Barchart.com. We have $37.97 PT which if reached, will make TSE:SU worth $4.13 billion less.

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 -0.84% below today’s ($40.39) stock price. Suncor Energy Inc. has been the topic of 27 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Suncor Energy Inc. (TSE:SU) earned “” rating by Raymond James on Monday, June 6. The firm has “Sector Perform” rating given on Friday, October 28 by RBC Capital Markets. As per Wednesday, November 2, the company rating was maintained by Morgan Stanley. The stock of Suncor Energy Inc. (TSE:SU) earned “Buy” rating by Citigroup on Friday, February 12. The stock has “Outperform” rating given by RBC Capital Markets on Friday, April 29. Scotia Capital maintained it with “Outperform” rating and $38 target price 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: “3 Remarkable Numbers a Suncor Energy Inc. Investor Won’t Want to Miss” on November 03, 2016. More interesting news about Suncor Energy Inc. (TSE:SU) were released by: Fool.ca and their article: “Contrarian Investors: Suncor Energy Inc. and the Value of Patience” published on October 29, 2016 as well as Wsj.com‘s news article titled: “Canada’s Suncor Energy Swings to Profit” with publication date: October 27, 2016.

Suncor Energy Inc. is an integrated energy company. The company has a market cap of $68.90 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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