mysticenergy All financial numbers in this article are in Canadian dollars unless noted otherwise. Oil and gas prices are always in US$. Introduction On Sept. 12, I wrote an article titled "Collapsing Oil Prices? Here Are My 3 Favorite High-Yield Oil Stocks To Buy." As the title suggests, this article was about pressure on oil prices which are suffering from demand fears and uncertainty regarding OPEC's output decisions, among other factors. It also does not help that supply is still strong (although growth ...

A month has gone by since the last earnings report for Suncor Energy (SU) . Shares have added about 0.3% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Suncor Energy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Suncor Energy Q2 Earnings Rise Y/Y, Sales Top Est ...

Suncor Energy Inc. (SU) reported second-quarter 2024 adjusted operating earnings of 93 Canadian cents per share, up from the prior-year quarter's level of 71 Canadian cents. The outperformance can be attributed to the increases in oil sands production and strong demand for refined products.Operating revenues of $9.5 billion beat the Zacks Consensus Estimate by 14%. The top line also increased approximately 9.3% year over year.Suncor Energy’s board of directors approved a quarterly dividend of 54.5 Canadian ...

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.These analysts decided to pick Suncor Energy Inc. NYSE: SU as their top pick among the broader selloffs, so now investors know that due diligence must be done to justify bette ...

dan_prat Shares of Suncor Energy (NYSE:SU) have been a strong performer over the past year, rising 28%, aided by strong capital returns and its low-cost oil sands operations. After reporting a solid Q2, SU has moved back toward its 52-week high. I last covered Suncor in January, rating shares a “buy,” given the strengths of its integrated business model. Since then, the stock has rallied 24%, significantly outpacing the market’s 13% gain. Indeed, shares have even eclipsed my $38 price target, making now ...

Suncor Energy (SU) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.37%. A quarter ago, it was expected that this energy company would post earnings of $0.90 per share when it actually produced earnings of $1.05, delivering a surprise of 16.67%.Over the last four quarters, the compa ...

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production volumes are ...

All financial figures are in Canadian dollars.Calgary, Alberta--(Newsfile Corp. - August 6, 2024) - Suncor Energy's (TSX: SU) (NYSE: SU) Board of Directors has approved a quarterly dividend of $0.545 per share on its common shares, payable September 25, 2024 to shareholders of record at the close of business on September 4, 2024.Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil production; petroleum refinin ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at ...

Calgary, Alberta--(Newsfile Corp. - July 23, 2024) - Suncor (TSX: SU) (NYSE: SU) will release its second quarter financial results on August 6, 2024 before 5:00 p.m. MT (7:00 p.m. ET).A webcast to review the second quarter will be held on August 7, 2024 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Rich Kruger, President and Chief Executive Officer and Kris Smith, Chief Financial Officer. A question and answer period with analysts will follow brief remarks from management. Troy Little, Vi ...