The stock of Suncor Energy Inc. (USA) (NYSE:SU) hit a new 52-week high and has $34.55 target or 7.00% above today’s $32.29 share price. The 9 months bullish chart indicates low risk for the $57.06 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $34.55 price target is reached, the company will be worth $3.99B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 4.44M shares traded hands or 15.03% up from the average. Suncor Energy Inc. (USA) (NYSE:SU) has risen 8.51% since April 28, 2016 and is uptrending. It has outperformed by 2.59% the S&P500.
Analysts await Suncor Energy Inc. (USA) (NYSE:SU) to report earnings on February, 1. They expect $0.19 EPS, up 850.00% or $0.17 from last year’s $0.02 per share. SU’s profit will be $335.75M for 42.49 P/E if the $0.19 EPS becomes a reality. After $0.16 actual EPS reported by Suncor Energy Inc. (USA) for the previous quarter, Wall Street now forecasts 18.75% EPS growth.
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 of Suncor Energy Inc. (USA) (NYSE:SU) earned “Overweight” rating by Morgan Stanley on Wednesday, November 2. Citigroup maintained Suncor Energy Inc. (USA) (NYSE:SU) on Wednesday, September 16 with “Neutral” rating. The firm has “Outperform” rating given on Thursday, October 27 by Macquarie Research. Citigroup upgraded the stock to “Buy” rating in Thursday, June 23 report. The stock of Suncor Energy Inc. (USA) (NYSE:SU) has “Hold” rating given on Wednesday, November 18 by TD Securities. JP Morgan initiated the shares of SU in a report on Tuesday, March 22 with “Neutral” rating. The firm has “Neutral” rating by Citigroup given on Wednesday, April 20. The stock of Suncor Energy Inc. (USA) (NYSE:SU) earned “Outperform” rating by National Bank Canada on Friday, October 30. The stock of Suncor Energy Inc. (USA) (NYSE:SU) has “Buy” rating given 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: “Is Suncor Energy Inc. Going to Hit $50 Before the Year Ends?” on November 24, 2016, also Fool.ca with their article: “Buffett’s Suncor Energy Inc. Purchase May Pay Off Big in 2017, 2018” published on November 21, 2016, Fool.ca published: “Is it Time to Reconsider Suncor Energy Inc.?” on November 18, 2016. More interesting news about Suncor Energy Inc. (USA) (NYSE:SU) were released by: Fool.ca and their article: “Suncor Energy Inc. Is Going Through Radical Change: Here’s Why” published on October 26, 2016 as well as Fool.ca‘s news article titled: “Buffett Sells Suncor Energy Inc.: What Does This Mean for the Canadian Oil Patch?” with publication date: November 16, 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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