Suncor Energy (SU) has risen sharply, recording gains of 4.35% in the past 4 weeks. However, the stock has corrected -1.23% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.57% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.83% and the fifty day Moving Average is 2.22%. Suncor Energy Inc. is up 2.78% in the last three month period. Year-to-Date the stock performance stands at 10.67%.
Suncor Energy (SU) : Currently there are 10 street experts covering Suncor Energy (SU) stock. The most bullish and bearish price target for the stock is $36 and $24 respectively for the short term. The average price target of all the analysts comes to $31.37. The estimated standard deviation from the target is $3.38.
Suncor Energy (NYSE:SU): stock turned positive on Friday. Though the stock opened at $28.16, the bulls momentum made the stock top out at $28.57 level for the day. The stock recorded a low of $27.93 and closed the trading day at $28.08, in the green by 0.04%. The total traded volume for the day was 3,219,258. The stock had closed at $28.07 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.