Profile
Sector:
EnergyIndustry:
Oil & Gas IntegratedCountry:
CanadaIPO:
17 March 1980Website:
http://www.suncor.comNext earnings report:
08 November 2024Last dividends:
04 September 2024Next dividends:
N/APrice
after hours | Fri, 25 Oct 2024 23:58:49 GMTAnalysts recommendations
Institutional Ownership
SU Latest News
Elliot Investment almost doubles its holding in SU, reflecting optimism in the company's strategic turnaround.
Calgary, Alberta--(Newsfile Corp. - October 22, 2024) - Suncor Energy (TSX: SU) (NYSE: SU) will release its third quarter financial results on November 12, 2024 before 5:00 p.m. MT (7:00 p.m.
Suncor Energy is a high-quality Canadian oil company with strong results, a nice starting yield, and an undemanding valuation. Despite macroeconomic uncertainties, Suncor's operational performance is robust, with increasing production and significant cash flow generation. Suncor is reducing its debt and plans to enhance shareholder returns through dividends and aggressive buybacks.
Suncor Energy (SU) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Calgary, Alberta--(Newsfile Corp. - October 3, 2024) - Suncor Energy Inc. (TSX: SU) (NYSE: SU) ("Suncor") announced today the early tender results for its tender offers to purchase for cash certain of its outstanding series of notes (the "Tender Offers"). Suncor also announced that it has increased the previously announced Pool 1 Maximum Amount (as defined below) from C$700,000,000 aggregate purchase price, excluding accrued and unpaid interest, to C$1,000,000,000 aggregate principal amount and the Pool 2 Maximum Amount (as defined below) from C$100,000,000 aggregate purchase price, excluding accrued and unpaid interest, to C$100,000,000 aggregate principal amount.
SU's shares are up 15% year to date, reflecting strong performance. High debt levels, stretched valuation and ESG concerns could make investors hesitate.
Despite current oil price pressure, Suncor's integrated business model and cost efficiencies position it well for long-term success and substantial returns. Suncor is aggressively returning capital to shareholders through dividends and buybacks, supported by robust free cash flow and debt reduction. The company trades at an attractive valuation, offering a deep-value opportunity with significant upside potential as oil prices stabilize.
Suncor Energy (SU) reported earnings 30 days ago. What's next for the stock?
Suncor Energy (SU) anticipates production in the range of 770,000-810,000 boe/d and capital expenditures in the band of C$6.3-C$6.5 billion for 2024.
Wall Street analysts tend to hide whenever stock markets selloff, as the S&P 500 and NASDAQ did at the beginning of last week. Reiterating buy ratings or taking a premature bearish view on stocks could cost them their reputations and their careers, so investors need to place a heavier weight on whatever new rating is revealed recently.
What type of business is Suncor Energy?
Suncor Energy Inc. operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products. This segment also engages in oil sands mining. The Exploration and Production segment is involved in offshore operations in the East Coast of Canada; and marketing and risk management of crude oil and natural gas. The Refining and Marketing segment engages in the refining of crude oil products; and distribution, marketing, transportation, and risk management of refined and petrochemical products, and other purchased products through the retail and wholesale networks. This segment is also involved in the trading of crude oil, refined products, natural gas, and power. 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 1917 and is headquartered in Calgary, Canada. Suncor Energy Inc.
What sector is Suncor Energy in?
Suncor Energy is in the Energy sector
What industry is Suncor Energy in?
Suncor Energy is in the Oil & Gas Integrated industry
What country is Suncor Energy from?
Suncor Energy is headquartered in Canada
When did Suncor Energy go public?
Suncor Energy initial public offering (IPO) was on 17 March 1980
What is Suncor Energy website?
https://www.suncor.com
Is Suncor Energy in the S&P 500?
No, Suncor Energy is not included in the S&P 500 index
Is Suncor Energy in the NASDAQ 100?
No, Suncor Energy is not included in the NASDAQ 100 index
Is Suncor Energy in the Dow Jones?
No, Suncor Energy is not included in the Dow Jones index
When was Suncor Energy the previous earnings report?
No data
When does Suncor Energy earnings report?
The next expected earnings date for Suncor Energy is 08 November 2024