Short Term Price Target on Suncor Energy (SU)

Suncor Energy (NYSE:SU) stock is expected to deviate a maximum of $4.27 from the average target price of $31.83 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $40 and the most muted being $23.

Suncor Energy Inc. has dropped 1.67% in the last five trading days, however, the shares have posted positive gains of 2.44% in the last 4 weeks. Suncor Energy Inc. is up 0.99% in the last 3-month period. Year-to-Date the stock performance stands at 9.29%. Also, Citigroup upgrades its rating on Suncor Energy (NYSE:SU). Analysts at the Citigroup have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 23, 2016.

Suncor Energy (NYSE:SU) : Zacks Investment Research ranks Suncor Energy (NYSE:SU) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2, which indicates as a 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 $27.39 and $27.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.73, notching a gain of 1.20% for the day. The total traded volume was 3,607,344 . The stock had closed at $27.40 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.

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