Suncor Energy (SU): Price Target and June Short Interest Disclosure

Suncor Energy (SU) : The consensus price target for Suncor Energy (SU) is $31.9 for the short term with a standard deviation of $4.12. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $40, however, the pessimist price target for the company is $24.

Suncor Energy (SU), According to the latest information the short interest in Suncor Energy plummeted by 23.3% or 3,403,596 shares. The final shorts are 0.7% of the total floated shares. The positions dropped from 14,617,531 shares on June 15,2016 to 11,213,935 on June 30,2016. According to the per-day average trading of 4,062,954 shares, the days to cover are 3. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Brokerage firm Citigroup upgrades its rating on Suncor Energy (NYSE:SU). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 23, 2016.


Suncor Energy (NYSE:SU): stock turned positive on Thursday. Though the stock opened at $28.61, the bulls momentum made the stock top out at $28.69 level for the day. The stock recorded a low of $28.33 and closed the trading day at $28.41, in the green by 0.64%. The total traded volume for the day was 2,653,588. The stock had closed at $28.23 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.