Suncor Energy (SU) Dips More Than Broader Markets: What You Should Know

In the latest trading session, Suncor Energy (SU) closed at $19.57, marking a -0.25% move from the previous day. This change lagged the S&P 500’s daily loss of 0.16%.

Click to get this free report

– Zacks

Prior to today’s trading, shares of the energy company had gained 9.06% over the past month. This has outpaced the Oils-Energy sector’s gain of 3.37% and the S&P 500’s gain of 0.46% in that time.

SU will be looking to display strength as it nears its next earnings release. In that report, analysts expect SU to post earnings of $0.55 per share. This would mark year-over-year growth of 266.67%. Meanwhile, our latest consensus estimate is calling for revenue of $8.95 billion, up 84.74% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.89 per share and revenue of $32.15 billion. These totals would mark changes of +271.82% and +71.47%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for SU. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 5.5% lower. SU is holding a Zacks Rank of #3 (Hold) right now.

Valuation is also important, so investors should note that SU has a Forward P/E ratio of 10.38 right now. This represents a no noticeable deviation compared to its industry’s average Forward P/E of 10.38.

We can also see that SU currently has a PEG ratio of 3.46. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. The Oil and Gas – Integrated – Canadian was holding an average PEG ratio of 3.46 at yesterday’s closing price.

The Oil and Gas – Integrated – Canadian industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 25, which puts it in the top 10% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>



Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

Suncor Energy Inc. (SU): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

Internet Explorer Channel Network
News Related

OTHER NEWS

The best tax allowances still available to Britons - act now before deadline

Tax allowances are ways in which people reduce the amount of tax they have to pay on income they receive. Following the pandemic, concerns have been raised that certain allowances ... Read more »

Capital gains tax may more than DOUBLE in Wednesday's Budget. Take action NOW

There is growing speculation that Sunak will hike capital gains tax (CGT) in a bid to raise funds to cover Covid bailouts and plug the deficit. Tens of thousands could ... Read more »

'Biggest crash in history' - Investors urged to ‘revisit strategies' & protect assets

The “Rich Dad Poor Dad” author said the stock market is heading for the “biggest crash in world history”. This comes after the Chinese property developer Evergrande defaulted on debts ... Read more »

Women have 'rug pulled out' from under them by state pension age changes

Lynn Nicholls from the Norfolk Broads PAIN (Pension Action in Norfolk) Pension Group spoke exclusively to Express.co.uk and voiced her concerns about the continuing problems facing women who have been ... Read more »

Investment portfolios could drop 5% or more - financial advisor warns investors

It can be easy to let investments fall to the bottom of one’s priority list, especially if they are in long-term and relatively stable portfolios, however this could be dire ... Read more »

Landlords should be taxed more to give households £320 towards energy costs, Green Party says

Landlords should be taxed more to fund giving every household £320 towards soaring energy bills, the new Green Party leaders have said. Carla Denyer and Adrian Ramsay opened their first ... Read more »

Where are the workers? Cutoff of jobless aid spurs no influx

Earlier this year, an insistent cry arose from business leaders and Republican governors: Cut off a $300-a-week federal supplement for unemployed Americans Many people, they argued, would then come off ... Read more »

Martin Lewis urges homeowners to do these 3 things before mortgages soar

Martin Lewis has issued an urgent warning to homeowners to do three key things amid concerns interest rates could soar in November. © Some mortgages could go up in price ... Read more »

Why the UK's inflation rate could rise to 5% and why that may affect your mortgage

Inflation in the UK could surpass 5 per cent as soon as early next year, the Bank of England (BoE)’s new chief economist has warned, raising the prospect of higher ... Read more »

40,000 families to get warm homes boost in crackdown on dodgy landlords

Over 40,000 families living in cold and draughty rented properties across 59 local authorities in England and Wales could get warmer homes under plans to help councils clamp down on ... Read more »

Martin Lewis offers guidance to securing a mortgage in retirement - ‘classic scenario!'

Martin Lewis was joined by Angellica Bell on yesterday’s episode of The Martin Lewis Money Show answering viewer questions. One question was posed by Lee, 40, whose husband plans to ... Read more »

Bitcoin price news – live: Crypto market smashes record all-time high after BTC, Ethereum and Solana surge

LIVE – Updated at 09:20 © Getty Images bitcoin price crypto record ethereum.jpg Bitcoin surged to a record all-time high on Wednesday, following a weeks-long price rally The cryptocurrency is ... Read more »

Should you invest in green bonds?

© Provided by This Is Money MailOnline logo As nations around the world seize on the build back better mantra and COP26 looms, green investment has been at the front ... Read more »

Am I entitled to my ex-husband's crypto assets in our divorce?

© Provided by This Is Money MailOnline logo My soon-to-be ex-husband did not disclose his cryptocurrency holdings in our prenup when we first got married over five years ago, as ... Read more »

COP26: Three-year green savings bonds launched by Treasury-backed NS&I

© Provided by City AM Green savings bonds giving savers across the UK the chance to back the Government’s environmental projects are being made available to take out online. Savers ... Read more »

BOK likely to raise rate twice next year amid sound recovery, spiking household debt: analyst

Bank of Korea headquarters in central Seoul (Yonhap)South Korea’s central bank will likely raise its policy rate at least twice next year as it will continue to normalize its eased ... Read more »

American Express raises credit card interest rates – and other banks will follow suit

Credit card providers have started increasing their interest rates ahead of an expected rise to the Bank of England Bank Rate.  © Provided by The Telegraph card reader American Express ... Read more »

Lessons Learned From Scaling a Jewelry Business To 8 Figures

After purchasing Buchroeders Jewelers from his family, Mills Menser launched Diamond Banc. He did so in hopes of changing the way the jewelry industry does business. Handout While many doubted ... Read more »

Can Hybrid Learning Models That Leverage EdTech Make Students Independent Learners?

Every decade or so, the education system goes through a reformation. Sometimes, central boards make the decision to change the curriculum and introduce new subjects, other times, they remove redundant ... Read more »

Startup Funding, Challenges And Opportunities

In his thoroughly researched book, India Unbound, one of the most fascinating thinkers of modern India Gurcharan Das points out that the idea of entrepreneurship ranks third in the caste ... Read more »

A Digitalpreneur On Top Digital Marketing Trends To Look Out For In 2021

The closer we look around ourselves, the more we realize how things have been on a constant rise since the last few years, owing to the tremendous developments and advancements ... Read more »

This AI-Enabled StartUp Is Helping Businesses Tackle Digital Fraud

Can you recall the last time you got a quality lead by running an ad campaign? Or are you also drowning in the ‘lots of impressions and no clicks’ boat? ... Read more »

SNP to push for ban on preferential energy tariffs for new customers over existing ones amid fuel crisis

The SNP will today push for a ban on preferential energy tariffs for new customers over existing ones. © The SNP are calling for a ban on preferential energy tariffs ... Read more »

‘Jeonse' loans taken out by those in 20s, 30s soar W60tr

A woman walks past a commercial bank promoting “jeonse” loans in Seoul on Thursday. (Yonhap) The amount of “jeonse” loans for homes extended to Koreans in their 20s and 30s ... Read more »

S. Korea to impose temporary fuel tax cut amid gas price hike

First Vice Finance Minister Lee Eog-weon speaks at a government meeting on macroeconomics and financial markets in Seoul on Friday. (Yonhap) South Korea will temporarily cut fuel taxes to soften ... Read more »

New inheritance tax 'get around' becoming more popular amid Sunak Budget fears

© GETTY/HOXTON CAPITAL MANAGEMENT Finance expert Chris Ball and an older couple An expert, Chris Ball managing partner at Hoxton Capital Management, detailed to Express.co.uk one strategy becoming more and ... Read more »

PM says hard-hit businesses, low-risk facilities will be first to benefit from eased virus rules

Prime Minister Kim Boo-kyum presides over a meeting of a government-civilian panel overseeing the transition to life after COVID-19 at the government complex in Seoul on Friday. (Yonhap)Prime Minister Kim ... Read more »

Visa, Mastercard hop on for 'Buy Now Pay Later' ride, plan launch in India by end of FY22

Global card networks Visa and Mastercard plan to launch their respective Buy Now, Pay Later (BNPL) platforms in India by the end of FY22, three top industry executives aware of ... Read more »

Construction Startup Tvasta Raises Funding To Build 3D Printed Homes

Habitat for Humanity International through its Shelter Venture Fund recently invested INR 30 million ($411,000) in Tvasta Manufacturing Solutions Ltd. to increase the production of affordable 3D printed homes in ... Read more »

S. Korea to temporarily cut fuel taxes amid rising oil prices

This photo taken on Thursday , shows a gas price sign at a filling station in Seoul.South Korea plans to temporarily cut fuel taxes in a bid to ease upward ... Read more »

Federal Reserve: Businesses Say Vaccine Mandates Are Hurting Employment

The Federal Reserve on Thursday said that businesses have reported COVID-19 vaccine mandates have hurt employment and are contributing to labor supply problems—even before President Joe Biden’s previously announced vaccine mandate for private businesses goes ... Read more »

Rare Coin Made in Colonial New England Could Sell for $300,000

An extraordinarily rare coin minted in Boston in 1652 could sell for approximately $300,000 at a London auction next month, AP News reports.  Although the silver shilling was worth just pennies in ... Read more »

Apple to Require Daily Covid Tests for Unvaccinated Employees

Every time an unvaccinated Apple employee works from the office instead of remotely, they’ll be required to take a covid-19 test, according to Bloomberg. SOPA Images | Getty Images That ... Read more »

Harnessing Energy From Waste

Come winter and India’s national capital gets shrouded in a thick blanket of smog that is a result of the humongous burning of crop stubble on acres and acres of ... Read more »

Breaking: Brian Laundrie Found Dead, FBI Confirms

On Thursday evening, the FBI confirmed that the skeletal remains found in Myakkahatchee Creek Environmental Park in North Port, Florida belonged to 23-year-old Brian Laundrie, the sole person of interest ... Read more »

Tip For a Successful Jewelry Business: A Success Story

Dedication, drive, and a well-thought-out company strategy are the characteristics of a successful entrepreneur. Handout Despite the fact that the fundamental concepts of company success and growth remain the same, ... Read more »

'Squid Game' Is Causing a Massive Spike in People Wanting to Learn Korean

Squid Game has officially become the most-streamed show in Netflix history. ADEK BERRY | Getty Images Netflix confirmed last week that the Korean drama series had hit 111 million households viewing ... Read more »

The Crypto Wallet Hustle -- What You Need to Know

Since the inception of time, there have been nefarious individuals looking to take advantage of their fellow humans: pickpockets, conmen, hustlers, etc. So, the rise of digital and crypto scammers is ... Read more »

Elon Musk Posts Sexual Bitcoin Meme and Sends Twitter Into a Frenzy

Elon Musk is back at it again with his Twitter antics, but this time it isn’t to rip on longstanding rival Jeff Bezos or to promote the meme-able cryptocurrency Dogecoin. ... Read more »

Unemployment Claims Fall to Pandemic Low Amid Tight Labor Market

The Department of Labor reported that the number of Americans filing new claims for jobless benefits dropped to a 19-month-low last week. First-time filings for unemployment claims totaled 290,000 for that week ended ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic