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|Bid||37.51 x 1100|
|Ask||41.35 x 1000|
|Day's Range||39.81 - 40.61|
|52 Week Range||27.96 - 41.82|
|PE Ratio (TTM)||22.19|
|Forward Dividend & Yield||1.11 (2.77%)|
|1y Target Est||42.83|
This article is intended for those of you who are at the beginning of your investing journey and want to better understand how you can grow your money by investingRead More...
With the Canadian oil giant’s two largest expansion projects wrapping up, and pipeline issues not going away anytime soon, the company needs to find new ways to grow.
Suncor Energy Inc. and Enbridge Inc. are among Canadian fossil fuel companies seeking answers after Ontario premier-designate Doug Ford announced plans to unwind a cap-and-trade program that has issued C$2.8 billion ($2.1 billion) worth of pollution credits to dozens of companies. Ford and his Progressive Conservative party said last week they would fulfill a campaign pledge and withdraw from the program, which sold credits to energy firms and fuel distributors that must hold enough of the allowances by the end of 2020 to match their greenhouse-gas emissions.
In the preceding part, we saw that Suncor Energy (SU) has the highest percentage of “buy” ratings among the global integrated energy stocks. Shell is a British-Dutch integrated energy company with upstream, downstream, and integrated gas business segments. The analyst rating chart above shows that eight (or 89.0%) analysts rated Shell as a “buy” in June.
In this series, we’re ranking the integrated energy firms based on the “buy” ratings specified by Wall Street analysts. Suncor is a Canadian integrated energy firm with oil sands, exploration and production (or E&P), and refining and marketing business segments. SU’s mean price target of 57.90 Canadian dollars per share (or $44.00 per share) in June represents 13.0% growth over its mean target price in June 2017.
In this series, we’ll rank seven global integrated energy firms based on the “buy” ratings received from Wall Street analysts. Suncor Energy (SU), Royal Dutch Shell (RDS.A), and Chevron (CVX) are the top three firms that have received more than 70.0% “buy” ratings from analysts. Suncor, which is in the business of extracting oil from oil sands, has seen a notable improvement in its financial position in the past few quarters.
Suncor Energy Inc (TSX:SU) is currently trading at a trailing P/E of 21.9x, which is higher than the industry average of 19.4x. Although some investors may jump to the conclusionRead More...
NEW YORK, NY / ACCESSWIRE / June 15, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
|Initiated||UBS: to Buy||3/7/2018|
|Upgrade||TD Securities: Hold to Buy||2/9/2018|
|Upgrade||JP Morgan: Neutral to Overweight||2/9/2018|
|Upgrade||Edward Jones: Hold to Buy||11/21/2017|
|Downgrade||TD Securities: Buy to Hold||11/16/2017|
|Initiated||National Bank Financial: to Outperform||6/27/2017|
Industry: Oil & Gas Integrated
Full Time Employees: 12,381
Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada. It operates in Oil Sands; Exploration and Production; Refining and Marketing; and Corporate, Energy Trading and Eliminations segments. The Oil Sands segment recovers bitumen from mining and in situ operations, and upgrades it into refinery feedstock and diesel fuel, or blends the bitumen with diluent for direct sale to market. The Exploration and Production segment is involved in offshore operations off the east coast of Canada and in the North Sea; and operating onshore assets in North America, Libya, and Syria. The Refining and Marketing segment refines crude oil and intermediate feedstock into petroleum and petrochemical products; and markets refined petroleum products to retail, commercial, and industrial customers through its dealers and other retail stations. The Corporate, Energy Trading and Eliminations segment owns interest in four wind facilities in Ontario and Western Canada, including Adelaide, Chin Chute, Magrath, and Sunbridge. This segment also engages in marketing, supply, and trading crude oil, natural gas, power, and byproducts. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1953 and is headquartered in Calgary, Canada.