EPS for Ring Energy, Inc. (REI) Expected At $0.09; Suncor Energy (SU) Shorts Raised By 2.88%

February 24, 2018 - By Marie Mckinney

Suncor Energy Inc (NYSE:SU) had an increase of 2.88% in short interest. SU’s SI was 3.51 million shares in February as released by FINRA. Its up 2.88% from 3.41 million shares previously. With 2.63 million avg volume, 1 days are for Suncor Energy Inc (NYSE:SU)’s short sellers to cover SU’s short positions. The SI to Suncor Energy Inc’s float is 0.21%. The stock increased 1.38% or $0.47 during the last trading session, reaching $34.44. About 2.38 million shares traded. Suncor Energy Inc. (NYSE:SU) has risen 22.43% since February 24, 2017 and is uptrending. It has outperformed by 5.73% the S&P500.

Analysts expect Ring Energy, Inc. (NYSEAMERICAN:REI) to report $0.09 EPS on March, 21.They anticipate $0.10 EPS change or 1,000.00% from last quarter’s $-0.01 EPS. REI’s profit would be $4.87 million giving it 40.69 P/E if the $0.09 EPS is correct. After having $0.06 EPS previously, Ring Energy, Inc.’s analysts see 50.00% EPS growth. The stock decreased 1.15% or $0.17 during the last trading session, reaching $14.65. About 4.47 million shares traded or 521.20% up from the average. Ring Energy, Inc. (NYSEAMERICAN:REI) has risen 83.06% since February 24, 2017 and is uptrending. It has outperformed by 66.36% the S&P500.

Suncor Energy Inc. operates as an integrated energy company. The company has market cap of $56.44 billion. The firm primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets natural gas and crude oil in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada; and markets third party petroleum products. It has a 16.15 P/E ratio. It operates in Oil Sands; Exploration and Production; Refining and Marketing; and Corporate, Energy Trading and Eliminations divisions.

Among 15 analysts covering Suncor Energy Inc. (NYSE:SU), 14 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Suncor Energy Inc. had 30 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Citigroup given on Wednesday, April 20. The firm earned “Outperform” rating on Friday, October 30 by National Bank Canada. Macquarie Research downgraded Suncor Energy Inc. (NYSE:SU) on Tuesday, January 24 to “Neutral” rating. The stock has “Buy” rating by Bank of America on Friday, August 19. The rating was initiated by Wells Fargo with “Outperform” on Friday, December 16. The firm has “Neutral” rating by Citigroup given on Wednesday, September 16. The stock of Suncor Energy Inc. (NYSE:SU) earned “Buy” rating by TD Securities on Friday, February 9. The stock of Suncor Energy Inc. (NYSE:SU) has “Buy” rating given on Thursday, June 23 by Citigroup. The rating was downgraded by TD Securities on Thursday, November 16 to “Hold”. Morgan Stanley maintained the stock with “Overweight” rating in Friday, October 13 report.

Ring Energy, Inc. acquires, explores for, develops, and produces oil and natural gas in Texas and Kansas, the United States. The company has market cap of $793.44 million. As of December 31, 2016, its proved reserves consisted of approximately 27.7 million barrel of oil equivalent. It has a 128.51 P/E ratio. The firm also owns interests in 32,663 net developed and undeveloped acres in Andrews and Gaines counties, and 20,490 net developed and undeveloped acres in Reeves and Culberson counties, Texas; and 14,549 net developed and undeveloped acres in Kansas.

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