The stock of Suncor Energy Inc. (TSE:SU) is a huge mover today! About 1.14M shares traded hands. Suncor Energy Inc. (TSE:SU) has risen 11.00% since April 26, 2016 and is uptrending. It has outperformed by 5.78% the S&P500.
The move comes after 5 months positive chart setup for the $69.30 billion company. It was reported on Nov, 30 by Barchart.com. We have $45.54 PT which if reached, will make TSE:SU worth $4.85B more.
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. $52 is the highest target while $12.50 is the lowest. The $44.20 average target is 3.85% above today’s ($42.56) stock price. Suncor Energy Inc. has been the topic of 31 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 company was maintained on Friday, July 29 by Scotia Capital. On Friday, October 28 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Buy” rating given on Friday, February 12 by Citigroup. The firm earned “” rating on Monday, June 6 by Raymond James. The rating was maintained by BMO Capital Markets on Friday, November 18 with “Outperform”. The rating was maintained by Morgan Stanley with “Overweight” on Wednesday, November 2.
More notable recent Suncor Energy Inc. (TSE:SU) news were published by: Forbes.com which released: “Suncor Energy About To Put More Money In Your Pocket (SU)” on November 28, 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.com published: “Better Buy: Suncor Energy Inc. vs. Phillips 66” on November 01, 2016. More interesting news about Suncor Energy Inc. (TSE:SU) were released by: Fool.ca and their article: “Is Suncor Energy Inc. Going to Hit $50 Before the Year Ends?” published on November 24, 2016 as well as Fool.ca‘s news article titled: “Buffett’s Suncor Energy Inc. Purchase May Pay Off Big in 2017, 2018” with publication date: November 21, 2016.
Suncor Energy Inc. is an integrated energy company. The company has a market cap of $69.30 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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