Analyst Rating Update on Suncor Energy (SU)

Suncor Energy (SU) : The consensus on Suncor Energy (SU) based on 12 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Suncor Energy (SU) : 10 Wall Street analysts covering Suncor Energy (SU) believe that the average level the stock could reach for the short term is $31.27. The maximum price target given is $37 and the minimum target for short term is around $24, hence the standard deviation is calculated at $3.5.

For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup upgrades their rating on the shares of Suncor Energy (NYSE:SU). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 23, 2016.


Suncor Energy (NYSE:SU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.08 and $25.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.42, notching a gain of 1.62% for the day. The total traded volume was 3,597,552 . The stock had closed at $26.00 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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