Is Suncor Energy Inc. (USA)’s Fuel For Real? The Stock Was Bought By Option Traders

 Is Suncor Energy Inc. (USA)'s Fuel For Real? The Stock Was Bought By Option Traders

In today’s session Suncor Energy Inc. (USA) (SU) registered an unusually high (332) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SU increase. With 332 contracts traded and 12314 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SU161118C00030500 closed last at: $0.42 or 16.7% up. About 1.05 million shares traded hands. Suncor Energy Inc. (USA) (NYSE:SU) has risen 10.76% since April 8, 2016 and is uptrending. It has outperformed by 5.11% the S&P500.

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

Out of 11 analysts covering Suncor Energy Inc. (NYSE:SU), 9 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 82% are positive. $45 is the highest target while $28 is the lowest. The $39.50 average target is 32.37% above today’s ($29.84) stock price. Suncor Energy Inc. has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Suncor Energy Inc. (USA) (NYSE:SU) earned “Outperform” rating by Macquarie Research on Thursday, October 27. On Wednesday, April 20 the stock rating was downgraded by Citigroup to “Neutral”. As per Wednesday, November 2, the company rating was upgraded by Morgan Stanley. The firm earned “Outperform” rating on Friday, October 30 by National Bank Canada. The firm earned “Neutral” rating on Tuesday, March 22 by JP Morgan. As per Wednesday, November 18, the company rating was downgraded by TD Securities. The firm has “Buy” rating by Citigroup given on Thursday, June 23. The company was maintained on Wednesday, September 16 by Citigroup. The rating was initiated by Bank of America with “Buy” on Friday, August 19.

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 $49.99 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: “3 Remarkable Numbers a Suncor Energy Inc. Investor Won’t Want to Miss” on November 03, 2016, also Fool.ca with their article: “Is This the End for Suncor Energy Inc.?” published on November 01, 2016, Fool.ca published: “Suncor Energy Inc. Is Going Through Radical Change: Here’s Why” on October 26, 2016. More interesting news about Suncor Energy Inc. (USA) (NYSE: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 Fool.ca‘s news article titled: “Suncor Energy Inc. Takes a $105 Million Hit: Time to Buy?” with publication date: October 06, 2016.

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