What Will Happen to Suncor Energy Inc. Next? The Stock Just Declined A Lot

 What Will Happen to Suncor Energy Inc. Next? The Stock Just Declined A Lot

The stock of Suncor Energy Inc. (TSE:SU) is a huge mover today! About 361,803 shares traded hands. Suncor Energy Inc. (TSE:SU) has risen 17.86% since April 21, 2016 and is uptrending. It has outperformed by 12.45% the S&P500.
The move comes after 7 months negative chart setup for the $70.44B company. It was reported on Nov, 25 by Barchart.com. We have $41.09 PT which if reached, will make TSE:SU worth $2.11 billion less.

Suncor Energy Inc. (TSE:SU) Ratings Coverage

Out of 7 analysts covering Suncor Energy Inc. (TSE:SU), 7 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Suncor Energy Inc. has been the topic of 31 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Citigroup upgraded the stock to “Buy” rating in Friday, February 12 report. The stock of Suncor Energy Inc. (TSE:SU) earned “” rating by Raymond James on Monday, June 6. The firm earned “Outperform” rating on Friday, November 18 by BMO Capital Markets. The stock has “Overweight” rating given by Morgan Stanley on Wednesday, November 2. The firm has “Outperform” rating by RBC Capital Markets given on Friday, April 29. RBC Capital Markets maintained Suncor Energy Inc. (TSE:SU) rating on Friday, October 28. RBC Capital Markets has “Sector Perform” rating and $12.50 price target. On Friday, July 29 the stock rating was maintained by Scotia Capital with “Outperform”.

More notable recent Suncor Energy Inc. (TSE:SU) news were published by: Fool.ca which released: “Is Suncor Energy Inc. Going to Hit $50 Before the Year Ends?” on November 24, 2016, also Business.Financialpost.com with their article: “Suncor Energy Inc plans to spend $1 billion less next year, cutting costs to …” published on November 17, 2016, Fool.ca published: “Drilling Down into Suncor Energy Inc.’s Very Efficient 2017 Budget” on November 23, 2016. More interesting news about Suncor Energy Inc. (TSE:SU) were released by: Fool.com and their article: “Better Buy: Suncor Energy Inc. vs. Phillips 66” published on November 01, 2016 as well as Investorplace.com‘s news article titled: “Trade of the Day: Suncor Energy Inc. (USA) (SU) Is a Long-Term Buy” with publication date: November 22, 2016.

Suncor Energy Inc. is an integrated energy company. The company has a market cap of $70.44 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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