Suncor Energy (SU) : 6 brokerage houses believe that Suncor Energy (SU) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Suncor Energy (SU). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
Suncor Energy (SU) stock is expected to deviate a maximum of $3.33 from the average target price of $31.17 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $36 and the most muted being $24.
For the current week, the company shares have a recommendation consensus of Buy. Suncor Energy (NYSE:SU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.75 and $27.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.96, notching a gain of 1.38% for the day. The total traded volume was 3,093,637 . The stock had closed at $27.58 on the previous day.
Suncor Energy Inc. (Suncor) is an integrated energy company. The Company is focused on developing Canadas petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production, and Refining and Marketing. The Companys Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations. Its Exploration and Production segment consists of offshore operations off the east coast of Canada and in the North Sea, and onshore assets in North America, Libya and Syria. The Companys Refining and Marketing segment is engaged in Refining and Supply, and Downstream Marketing. In addition, the Company explores, for, acquires, develops, produces and markets crude oil and natural gas in Canada and internationally. The Company also transports and refines crude oil, and markets petroleum and petrochemical products primarily in Canada.