Suncor Energy (SU) : Analyst Rating Update

Suncor Energy (SU) : 12 analysts are covering Suncor Energy (SU) and their average rating on the stock is 2, which is read as a Buy. 6 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 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Suncor Energy (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 (NYSE:SU): The stock opened at $28.06 on Wednesday but the bulls could not build on the opening and the stock topped out at $28.23 for the day. The stock traded down to $27.67 during the day, due to lack of any buying support eventually closed down at $28.11 with a loss of -0.39% for the day. The stock had closed at $28.22 on the previous day. The total traded volume was 3,072,884 shares.

Also, Citigroup upgrades its view on Suncor Energy (NYSE:SU) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on June 23, 2016. The company shares have rallied 4.40% from its 1 Year high price. On Nov 3, 2015, the shares registered one year high at $30.70 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.18 and the 200 Day Moving Average price is recorded at $25.89.

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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