Suncor Energy Inc. Common Stock (NYSE:SU) Moves On National Bank Financial Initiating Coverage of Shares

June 27, 2017 - By reb123z

 Suncor Energy Inc. Common Stock (NYSE:SU) Moves On National Bank Financial Initiating Coverage of Shares

How National Bank Financial Currently Rates Suncor Energy Inc. Common Stock (NYSE:SU)

National Bank Financial has initiated coverage on Suncor Energy Inc. Common Stock (NYSE:SU) shares recently in a research report released on Tuesday, 27 June. The broker has decided to place a Outperform rating on SU stock.

Suncor Energy Inc. (USA) (NYSE:SU) Ratings Coverage

Among 13 analysts covering Suncor Energy Inc. (NYSE:SU), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Suncor Energy Inc. has $45 highest and $28 lowest target. $39.50’s average target is 36.02% above currents $29.04 stock price. Suncor Energy Inc. had 20 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, December 1 the stock rating was upgraded by Desjardins Securities to “Buy”. Citigroup upgraded Suncor Energy Inc. (USA) (NYSE:SU) on Thursday, June 23 to “Buy” rating. As per Wednesday, November 18, the company rating was downgraded by TD Securities. As per Friday, August 19, the company rating was initiated by Bank of America. Wells Fargo initiated the shares of SU in report on Friday, December 16 with “Outperform” rating. Macquarie Research upgraded the shares of SU in report on Thursday, October 27 to “Outperform” rating. Morgan Stanley upgraded the stock to “Overweight” rating in Wednesday, November 2 report. Macquarie Research downgraded the shares of SU in report on Tuesday, January 24 to “Neutral” rating. On Wednesday, April 20 the stock rating was downgraded by Citigroup to “Neutral”. As per Wednesday, September 16, the company rating was maintained by Citigroup.

About 1.38 million shares traded. Suncor Energy Inc. (USA) (NYSE:SU) has risen 22.43% since June 27, 2016 and is uptrending. It has outperformed by 5.73% the S&P500.

Analysts expect Suncor Energy Inc. (USA) (NYSE:SU) to report $0.22 EPS on July, 26.They anticipate $0.50 EPS change or 178.57 % from last quarter’s $-0.28 EPS. SU’s profit would be $363.84 million giving it 33.02 P/E if the $0.22 EPS is correct. After having $0.37 EPS previously, Suncor Energy Inc. (USA)’s analysts see -40.54 % EPS growth.

Suncor Energy Inc. is an integrated energy company. The company has market cap of $48.03 billion. The Firm is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. It has a 42.81 P/E ratio. The Firm operates in three business divisions: Oil Sands, Exploration and Production (E&P), and Refining and Marketing.

More important recent Suncor Energy Inc. (USA) (NYSE:SU) news were published by: Fool.ca which released: “Suncor Energy Inc.: Time to Buy the Pullback?” on June 15, 2017, also Fool.ca published article titled: “Is Suncor Energy Inc. Still a Safe Long-Term Play?”, Fool.ca published: “Should You Buy Suncor Energy Inc. or Cenovus Energy Inc.?” on June 27, 2017. More interesting news about Suncor Energy Inc. (USA) (NYSE:SU) was released by: Fool.ca and their article: “What Can Investors Expect From Suncor Energy Inc.?” with publication date: June 12, 2017.

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