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Published: Sat, October 29, 2016
Global Media | By Abel Hampton

Barclays PLC Raises Suncor Energy Inc. (SU) Price Target to C$52.00

Barclays PLC Raises Suncor Energy Inc. (SU) Price Target to C$52.00

The company has a 50 percent share in two USA refineries operated by Phillips 66 with a combined gross capacity of 460,000 barrels per day, and recently completed a de-bottlenecking project at the Wood River, Illinois plant that added 18,000 barrels per day of capacity. Cenovus Energy Inc has a 52-week low of 9.10 and a 52-week high of 16.68. Earnings per share were $0.16. It has outperformed by 3.46% the S&P500. (NYSE:COT) by 312,670 shares in the quarter, leaving it with 2.55M shares, and cut its stake in Crescent Point Energy Corp.

Suncor also recently purchased a 30% position in the North Sea Rosebank project. (TSE:SU) were released by: Fool.ca and their article: "Suncor Energy Inc". The $40.60 average target is -2.15% below today's ($41.49) stock price.

08/11/2016 - Cenovus Energy Inc had its "hold" rating reiterated by analysts at TD Securities. This is the consensus forecast based on the 7 firms releasing projections. Suncor Energy Inc. has been the topic of 20 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. This means 67% are positive. The firm has "Neutral" rating given on Tuesday, March 22 by JP Morgan.

06/06/2016 - Cenovus Energy Inc had its "conviction buy" rating reiterated by analysts at Goldman Sachs. (NYSE:SU) surged to 0.58% from $26.05 to $26.2.

12/14/2015 - Cenovus Energy Inc had its "outperform" rating reiterated by analysts at FirstEnergy Capital. As per Thursday, June 23, the company rating was upgraded by Citigroup. Bank of America Corp. assumed coverage on Suncor Energy in a research note on Friday, August 19th. The decline in refining earnings was due to a drop in gross refining margin year-over-year, partly offset by a lower inventory valuation loss.

Let's take a look at Suncor Energy Inc. The Firm is focused on developing Canada's petroleum resource basin, Athabasca oil sands. The Firm operates in three business divisions: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. In addition, it explores for, acquires, develops, produces and markets crude oil and natural gas in Canada and internationally. The Refining and Marketing segment includes transporting, selling and refining crude oil into petroleum and chemical products. Net earnings also included an unrealized after-tax foreign exchange loss of $112 million on the revaluation of US dollar denominated debt and a non-cash after-tax mark to market loss of $22 million on interest rate derivatives for future debt issuance.

Cenovus Energy Inc. (NYSE:CVE) Oil & Gas Drilling & Exploration has a current market price of 15.31 and the change is -0.91%. Analyst's ratings use a scale of 1 through 5.

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