In today’s session Suncor Energy Inc. (USA) (SU) registered an unusually high (2,150) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious SU increase. With 2,150 contracts traded and 18254 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SU161216C00027000 closed last at: $3.15 or 28.4% down. About 535,843 shares traded hands. 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 $335.64M for 43.05 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. $45 is the highest target while $28 is the lowest. The $39.50 average target is 20.72% above today’s ($32.72) stock price. Suncor Energy Inc. has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup on Wednesday, September 16 with “Neutral”. The rating was upgraded by Macquarie Research on Thursday, October 27 to “Outperform”. The rating was downgraded by TD Securities to “Hold” on Wednesday, November 18. Citigroup upgraded Suncor Energy Inc. (USA) (NYSE:SU) on Thursday, June 23 to “Buy” rating. The firm earned “Outperform” rating on Friday, October 30 by National Bank Canada. The stock of Suncor Energy Inc. (USA) (NYSE:SU) has “Buy” rating given on Friday, August 19 by Bank of America. The firm has “Neutral” rating by JP Morgan given on Tuesday, March 22. The firm has “Neutral” rating given on Wednesday, April 20 by Citigroup. The stock of Suncor Energy Inc. (USA) (NYSE:SU) has “Overweight” rating given on Wednesday, November 2 by Morgan Stanley.
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 $57.80 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: “Is Suncor Energy Inc. Going to Hit $50 Before the Year Ends?” on November 24, 2016, also Investorplace.com with their article: “Trade of the Day: Suncor Energy Inc. (USA) (SU) Is a Long-Term Buy” published on November 22, 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.
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