Suncor Energy (SU) : 12 analysts are covering Suncor Energy (SU) and their average rating on the stock is 1.83, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Suncor Energy (SU) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold 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 $31.37. The maximum price target given is $36 and the minimum target for short term is around $24, hence the standard deviation is calculated at $3.38.
Also, Bank of America initiates coverage on Suncor Energy (NYSE:SU) The brokerage firm has issued a Buy rating on the shares. The rating by the firm was issued on August 19, 2016.
Suncor Energy (NYSE:SU): After opening at $26.02, the stock dipped to an intraday low of $25.94 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $26.39 and the buying power remained strong till the end. The stock closed at $26.2 for the day, a gain of 0.89% for the day session. The total traded volume was 3,589,344. The stocks close on the previous trading day was $25.97.
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.