Suncor extends Canadian Oil Sands takeover offer to January

Finally, Citigroup Inc. reiterated a “buy” rating and set a $48.00 price objective on shares of PBF Energy in a research report on Thursday, October 22nd. Of late, the company has been divesting a number of its assets, particularly those that do not fit into its long-term growth plan.

Suncor is a minority stakeholder in the Syncrude oil venture in Alberta. “Adding to the woes is the weak commodity pricing environment that has been affecting the company’s upstream operations”. Suncor Energy Inc. (USA) (NYSE:SU) has declined 14.53% since May 1, 2015 and is downtrending. The stock had a trading volume of 4,640,664 shares.

The oil sands player, which is under pressure to reduce costs and improve the reliability of its output, said it aims to produce at least 35 million barrels of oil next year, about 10% higher than the full-year estimate for 2015. The stock’s 50 day moving average is $7.16 and its 200 day moving average is $6.68.

Vetr lowered shares of Suncor Energy Inc.

The company shares have dropped 17.4% in the past 52 Weeks. On average, equities research analysts anticipate that Suncor Energy will post $1.13 earnings per share for the current year. Investors of record on Wednesday, December 2nd will be paid a dividend of $0.2186 per share. This represents a $0.87 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Thursday, November 5th. Canadian Oil Sands has a consensus rating of Hold and a consensus price target of $9.97.

Get a free copy of the Zacks research report on Suncor Energy Inc. Raymond James raised their price objective on shares of Suncor Energy from $40.00 to $41.00 and gave the stock an outperform rating in a research note on Tuesday, August 4th. Suncor Energy Inc.is up 4.79% in the last 3-month period. The brokerage firm has issued a Sector Perform rating on the shares. The $32.55 average target is 49.33% above today’s ($27.55) stock price.

SM Energy (NYSE:SM) last released its quarterly earnings results on Tuesday, October 27th. The Company operates under three segments: Oil Sands, Exploration and Production, and Refining and Marketing. Several major oil and oil services company are in the process of merging in an effort to streamline operations. The Company also markets third-party petroleum products. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. The Company also conducts energy trading activities focused principally on the marketing and trading of crude oil and byproducts.