Stock Short Interest Filing: Suncor Energy Incorporated (NYSE:SU) Shorts Decreased by 4.99% After Short Covering

November 16, 2016 - By Linda Rogers   ·   0 Comments

Stock Short Interest Filing: Suncor Energy Incorporated (NYSE:SU) Shorts Decreased by 4.99% After Short Covering

The stock of Suncor Energy Incorporated (NYSE:SU) registered a decrease of 4.99% in short interest. SU’s total short interest was 12.96 million shares in November as published by FINRA. Its down 4.99% from 13.64 million shares, reported previously. With 4.71M shares average volume, it will take short sellers 3 days to cover their SU’s short positions. The short interest to Suncor Energy Incorporated’s float is 0.79%. About 3.71M shares traded hands. Suncor Energy Inc. (USA) (NYSE:SU) has risen 7.00% since April 14, 2016 and is uptrending. It has outperformed by 2.31% the S&P500.

Suncor Energy Inc. is an integrated energy company. The company has a market cap of $53.23 billion. The Firm is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. It currently has negative earnings. The Firm operates in three business divisions: Oil Sands, Exploration and Production (E&P), and Refining and Marketing.

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

Out of 11 analysts covering Suncor Energy Inc. (NYSE:SU), 9 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 82% are positive. Suncor Energy Inc. has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Suncor Energy Inc. (USA) (NYSE:SU) earned “Neutral” rating by Citigroup on Wednesday, September 16. As per Wednesday, November 2, the company rating was upgraded by Morgan Stanley. The firm has “Buy” rating by Bank of America given on Friday, August 19. The stock of Suncor Energy Inc. (USA) (NYSE:SU) earned “Buy” rating by Citigroup on Thursday, June 23. TD Securities downgraded the shares of SU in a report on Wednesday, November 18 to “Hold” rating. The firm earned “Neutral” rating on Wednesday, April 20 by Citigroup. The stock of Suncor Energy Inc. (USA) (NYSE:SU) earned “Outperform” rating by Macquarie Research on Thursday, October 27. The company was initiated on Tuesday, March 22 by JP Morgan. The firm earned “Outperform” rating on Friday, October 30 by National Bank Canada.

SU Company Profile

Suncor Energy Inc. (Suncor), incorporated on August 1, 2009, is an integrated energy company. 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 natural gas and crude oil in Canada and internationally. It transports and refines crude oil, and markets petroleum and petrochemical products primarily in Canada. It also markets third-party petroleum products. Suncor conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, power and byproducts.

More notable recent Suncor Energy Inc. (USA) (NYSE:SU) news were published by: Fool.ca which released: “Buffett Sells Suncor Energy Inc.: What Does This Mean for the Canadian Oil Patch?” on November 16, 2016, also Fool.ca with their article: “3 Remarkable Numbers a Suncor Energy Inc. Investor Won’t Want to Miss” published on November 03, 2016, Fool.ca published: “Is This the End for Suncor Energy Inc.?” on November 01, 2016. More interesting news about Suncor Energy Inc. (USA) (NYSE:SU) were released by: Fool.ca and their article: “Suncor Energy Inc. Is Going Through Radical Change: Here’s Why” published on October 26, 2016 as well as Fool.ca‘s news article titled: “Contrarian Investors: Suncor Energy Inc. and the Value of Patience” with publication date: October 29, 2016.

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By Linda Rogers


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