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Worth Watching Stock: Suncor Energy Inc. (USA) (NYSE:SU)

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The shares of Suncor Energy Inc. (USA) (NYSE:SU)currently has mean rating of 2.2 while 7 analyst have recommended the shares as ‘BUY’ ,0 recommended as ‘OUTPERFORM’ and 2 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Suncor Energy Inc. (USA) (NYSE:SU)is at $32.46 while the highest price target suggested by the analysts is $35.19 and low price target is $30.50. The mean price target is calculated keeping in view the consensus of 8 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 5.65B by 4 analysts. The means estimate of sales for the year ending Dec 16 is 27.29B by 9 analysts.

The average estimate of EPS for the current fiscal quarter for Suncor Energy Inc. (USA) (NYSE:SU)stands at $-0.23 while the EPS for the current year is fixed at $-0.28 by 8.00 analysts

The next one year’s EPS estimate is set at 0.95 by 13.00 analysts while a year ago the analysts suggested the company’s EPS at $-0.28. The analysts also projected the company’s long-term growth at 19.00% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Suncor Energy Inc. (USA) (NYSE:SU)reported earnings of $-0.33. The posted earnings missed the analyst’s consensus by $-0.08 with the surprise factor of -32.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Suncor Energy Inc. (USA) (NYSE:SU) traded up +0.44% during trading on Friday, hitting $27.28 . The stock had a trading volume of 2.9 M shares. The firm has a 50 day moving average of $26.93 and a 200-day moving average of $25.78. The stock has a market cap of $42.86B. On Nov 3, 2015 the shares registered one year high at $30.70 and the one year low was seen on Jan 20, 2016.

Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada; and markets third party petroleum products. It operates in Oil Sands; Exploration and Production; Refining and Marketing; and Corporate, Energy Trading, and Eliminations segments. The Oil Sands segment recovers bitumen from mining and in situ development in northern Alberta, and upgrades it into refinery feedstock and diesel fuel or blends the bitumen with diluent for direct sale to market. The Exploration and Production segment is involved in offshore operations off the east coast of Canada and in the North Sea; and operating onshore assets in North America, Libya, and Syria. The Refining and Marketing segment refines crude oil and intermediate feedstock into petroleum and petrochemical products; manufactures blends; and markets refined petroleum products to retail, commercial, and industrial customers through its dealers and other retail stations. The Corporate, Energy Trading, and Eliminations segment owns interest in six wind power projects with generating capacity of 287 megawatts in Canada; and ethanol plant in Ontario, as well as engages in marketing, supply, and trading crude oil, natural gas, power, and byproducts. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1953 and is headquartered in Calgary, Canada.

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