Brokers Issue New Targets On Suncor Energy Inc. (NYSE:SU)

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25 August, 2017

The value of the investment in SU increased from $1,000 to $2,000 a change of $1,000 quarter over quarter. About 2,163 shares traded.

04/05/2017 - Suncor Energy Inc. was upgraded to "conviction buy" by analysts at Goldman Sachs. Suncor also conducts energy trading activities. First Personal Financial Services now owns 3,845 shares of the oil and gas producer's stock valued at $112,000 after buying an additional 2,270 shares during the period. Sir Capital Management Lp who had been investing in Suncor Energy Inc New for a number of months, seems to be bullish on the $52.46 billion market cap company. S Squared Technology Llc sold 286,921 shares as Gse Systems Inc (GVP)'s stock rose 6.15%. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Suncor Energy by 680.3% in the second quarter. Howard Capital Management bought 9,479 shares as the company's stock declined 14.05% while stock markets rallied.

Institutional investors now hold around $34.04 billion or 68.5% in SU stock.

Among 13 analysts covering Suncor Energy Inc. (SU) opened at 31.35 on Thursday. Howard Capital Management who had been investing in Kroger Co for a number of months, seems to be bullish on the $20.59 billion market cap company.

Suncor Energy Inc. has a 50 day moving average of 31.14 and a 200 day moving average of 30.94. More interesting news about Suncor Energy Inc. Additionally the company announced a dividend for shareholders payable on Monday the 25th of September 2017.

Investors sentiment decreased to 0.92 in Q4 2016. (USA) (NYSE:SU) earned "Buy" rating by Citigroup on Thursday, June 23. The dividend payment will be $0.218 per share for the quarter or $0.87 annualized.

11/18/2016 - Suncor Energy Inc. had its "outperform" rating reiterated by analysts at BMO Capital Markets. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of USA and global trademark & copyright law. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. (USA) (NYSE:SU) news were published by: Fool.ca which released: "Suncor Energy Inc.: A Strong Quarter and Room for More Growth" on August 23, 2017, also Fool.ca with their article: "Crescent Point Energy Corp. vs. Suncor Energy Inc.: Which Stock Is More ..." published on August 24, 2017, Fool.ca published: "Should You Own Suncor Energy Inc. or Toronto-Dominion Bank in Your TFSA ..." on August 16, 2017. Stifel Nicolaus maintained the stock with "Buy" rating in Friday, January 6 report.

Several analysts have released their opinion on Suncor Energy Inc. Piper Jaffray Companies cut their price target on shares of Suncor Energy from $40.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday, July 3rd. BidaskClub raised shares of Suncor Energy from a "strong sell" rating to a "sell" rating in a research note on Monday, July 24th. The firm has "Outperform" rating given on Thursday, October 27 by Macquarie Research. (NYSE:SU), 10 have Buy rating, 0 Sell and 3 Hold. $41.38's average target is 9.12% above currents $37.92 stock price.

01/24/2017 - Suncor Energy Inc. was downgraded to "neutral" by analysts at Macquarie. The Company is focused on developing Canada's petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company's Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.


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