33.65 +0.15 (0.45%)
After hours: 4:11PM EST
|Bid||33.01 x 4000|
|Ask||33.80 x 900|
|Day's Range||33.38 - 33.92|
|52 Week Range||31.33 - 42.55|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||16.61|
|Forward Dividend & Yield||1.11 (3.31%)|
|1y Target Est||42.83|
Suncor, and its Petro-Canada brand, today affirmed support of the City of Calgary’s bid to host the 2026 Olympic and Paralympic Winter Games. “The Games and our Team Canada athletes capture people’s imaginations, ignite an unparalleled sense of pride and provide an opportunity to unite communities across our country,” said Steve Williams, president and chief executive officer, Suncor.
Imperial Chief Executive Officer Rich Kruger puts the rationale for the C$2.6 billion ($2 billion) Aspen project in northern Alberta down to building when others aren’t to save money. The decision comes in stark contrast to moves by Royal Dutch Shell Plc. and ConocoPhillips to sell oil-sands assets, and by locals like Cenovus Energy Inc. and Canadian Natural Resources Ltd. that are curtailing production to weather rock-bottom prices. Imperial is looking at ways to process more heavy crude at its refineries and could place some of the new production in Enbridge Inc.’s Line 3, the one export pipeline that’s under construction and scheduled to be completed late next year.
Suncor announced today that Jacynthe Côté will be stepping down from Suncor’s Board of Directors effective immediately. "Jacynthe has been a valued member of our Board, serving as a member of our audit committee and our environment, health, safety and sustainable development committee,” said Mike Wilson, chair of Suncor’s Board of Directors. “Since she joined our Board in February 2015, she’s leveraged her significant mining industry experience, lending strategic insights and guidance on Suncor’s business strategy.
NEW YORK, Nov. 06, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
In the previous part of this series, we looked at Wall Street’s ratings for Chevron (CVX). In this part, we’ll look at changes in Chevron’s implied volatility. We’ll also estimate Chevron’s stock price range for the seven-day period ending November 9.
While the rest of the world is bearing the brunt of high oil prices, Canadian drillers continue to suffer from record-low prices for their heavy crude
We started this series by examining ExxonMobil’s (XOM) segmental earnings in the third quarter. We discussed ExxonMobil’s stock performance after its third-quarter earnings release on November 2. In this part, we’ll evaluate analysts’ ratings for ExxonMobil after its third-quarter earnings.
In this series, we’ve looked at Chevron’s (CVX) Q3 2018 earnings by segment. We also discussed Chevron’s stock performance since its earnings release on November 2. Now, we’ll look at the Wall Street ratings for the stock.
Chevron (CVX) announced its Q3 2018 results on November 2. The stock opened at $114.9 per share, which was higher than its previous close of $111.2. This rise could be because Chevron’s Q3 2018 earnings surpassed Wall Street’s estimate. The stock saw a high of $117.1 and a low of $113.1 during the day. Eventually, CVX closed at $114.7—around 3.2% higher than the previous day’s close.
Instead of being a victim of low Canadian oil prices, Suncor Energy takes full advantage of the situation with its integrated business model.
Suncor's (SU) third quarter delivers better-than-expected earnings on improved commodity price realizations, higher refining margins, along with robust production volumes from Hebron and Fort Hills.
Royal Dutch Shell (RDS.A) announced earnings on November 1 before the market opened. Shell stock opened at $63.5 per share—a bit higher than the previous close of $63.2. Eventually, Shell stock closed at $63.2, which was ~0.1% lower than the previous day’s close. The decline could be due to Shell’s third-quarter earnings, which missed analysts’ estimate.
Suncor, which has dedicated pipeline space for its crude as well as refineries in Canada, is mostly insulated from the impact of growing price discounts that U.S. refineries apply to Canadian oil, which have hurt rival producers, Williams said. "If we were, we wouldn't hesitate to pull throughput back." Rival Cenovus Energy Inc said on Wednesday it was limiting output due to severe discounts. Discounts should abate this year, with more significant relief arriving when Enbridge Inc's expanded Line 3 pipeline comes online late next year, Williams said.
The average of 16 analysts’ estimates compiled by Bloomberg was 92 cents. Key InsightsBecause of its refining operations and Petro-Canada gas stations, Suncor has been largely immune to the widening discounts for Canadian crude that have hurt some of its rivals. Syncrude, the 350,000-barrel-a-day plant that’s majority owned by Suncor, is now back at normal operating rates after going down in late June because of a transformer issue that knocked out power to the facility.
Suncor Energy (SU) delivered earnings and revenue surprises of 2.82% and -10.52%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Calgary, Alberta-based company said it had profit of 85 cents. Earnings, adjusted for non-recurring gains, came to 73 cents per share. The results surpassed Wall Street expectations. ...
Suncor Energy Inc, Canada's second-largest energy producer, reported a higher third-quarter profit on Wednesday on better oil prices and increased refinery margins, along with higher sales and output. The Calgary, Alberta-based company's operating profit, which excludes one-time items, was C$1.6 billion, or 96 Canadian cents per share, in the quarter ended Sept. 30, up from C$867 million, or 52 Canadian cents per share, in the year-ago period. Suncor also said operations at its majority-owned Syncrude oil project in northern Alberta had returned to normal, after a June outage that led the company to cut its production outlook for the year.
Suncor Energy Inc , Canada's second-largest energy producer, reported a higher third-quarter profit on Wednesday on better oil prices and increased refinery margins, along with higher sales and output. The Calgary, Alberta-based company's operating profit, which excludes one-time items, was C$1.6 billion, or 96 Canadian cents per share, in the quarter ended Sept. 30, up from C$867 million, or 52 Canadian cents per share, in the year-ago period. Suncor also said operations at its majority-owned Syncrude oil project in northern Alberta had returned to normal, after a June outage that led the company to cut its production outlook for the year.
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards, specifically International Accounting Standard 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Certain financial measures referred to in this news release (funds from operations, operating earnings, Oil Sands operations cash operating costs, refining margin, Fort Hills cash operating costs and Syncrude cash operating costs) are not prescribed by Canadian generally accepted accounting principles (GAAP). References to Oil Sands operations exclude Suncor's interest in Fort Hills and Syncrude.
A total of 11 Wall Street analysts have rated BP (BP) stock after its third-quarter earnings results. Of this total, five analysts (or 45%) have given it “buy” or “strong buy” ratings, another five (or 45%) have given it “hold” ratings, and one analyst has given it a “sell” rating. BP could witness a change in ratings in the days to come as analysts drill further down into its third-quarter numbers.
Steve Williams has been the CEO of Suncor Energy Inc (TSE:SU) since 2012. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big Read More...
Total (TOT) released its third-quarter earnings on October 26. In this part, we’ll discuss analysts’ ratings for Total after its earnings.