Price Action Don’t Lie: Suncor Energy Inc. (USA) Has Another Very Strong Trading Session

Price Action Don't Lie: Suncor Energy Inc. (USA) Has Another Very Strong Trading Session

The stock of Suncor Energy Inc. (USA) (NYSE:SU) is a huge mover today! About 3.11M shares traded hands. Suncor Energy Inc. (USA) (NYSE:SU) has risen 1.42% since April 13, 2016 and is uptrending. It has underperformed by 2.51% the S&P500.
The move comes after 8 months positive chart setup for the $51.02 billion company. It was reported on Nov, 15 by Barchart.com. We have $46.31 PT which if reached, will make NYSE:SU worth $26.53B more.

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. Suncor Energy Inc. has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Macquarie Research on Thursday, October 27. The stock of Suncor Energy Inc. (USA) (NYSE:SU) has “Hold” rating given on Wednesday, November 18 by TD Securities. The stock of Suncor Energy Inc. (USA) (NYSE:SU) earned “Neutral” rating by Citigroup on Wednesday, April 20. Citigroup upgraded Suncor Energy Inc. (USA) (NYSE:SU) on Thursday, June 23 to “Buy” rating. The rating was maintained by Citigroup on Wednesday, September 16 with “Neutral”. The rating was upgraded by Morgan Stanley to “Overweight” on Wednesday, November 2. JP Morgan initiated the shares of SU in a report on Tuesday, March 22 with “Neutral” rating. National Bank Canada upgraded Suncor Energy Inc. (USA) (NYSE:SU) on Friday, October 30 to “Outperform” rating. The firm earned “Buy” rating on Friday, August 19 by Bank of America.

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: “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. 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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