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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Suncor Energy Stock Joins Rank Of Stocks With 95-Plus Composite Rating

On Wednesday, Suncor Energy got an upgrade for its IBD SmartSelect Composite Rating from 92 to 96.

The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.

Suncor Energy is now out of buy range after breaking out from a 27.07 buy point in a consolidation pattern from earlier this year. As it clears key moving averages, watch for a new pattern to form which might offer a new buying opportunity.

Looking For The Best Stocks To Buy And Watch? Start Here

 

The stock has an 82 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 82% of all stocks.

Its Accumulation/Distribution Rating of D- shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.

Earnings News

In Q2, the company reported 465% EPS growth. Revenue growth rose 78%, up from 55% in the prior quarter. That marks one quarter of increasing revenue increases.

Suncor Energy holds the No. 13 rank among its peers in the Oil & Gas-Integrated industry group. Equinor ASA Adr, Imperial Oil and Marathon Oil Corporation are among the top 5 highly-rated stocks within the group.

​Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

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