Suncor Energy (SU) Gains As Market Dips: What You Should Know

Suncor Energy (SU) closed the most recent trading day at $18.54, moving +1.64% from the previous trading session. This move outpaced the S&P 500’s daily loss of 0.46%.

Click to get this free report, Zacks Investment Research

– Zacks

Prior to today’s trading, shares of the energy company had lost 7.65% over the past month. This has lagged the Oils-Energy sector’s loss of 0.85% and the S&P 500’s gain of 1.93% in that time.

Wall Street will be looking for positivity from SU as it approaches its next earnings report date. The company is expected to report EPS of $0.56, up 273.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.18 billion, up 89.43% from the year-ago period.

SU’s full-year Zacks Consensus Estimates are calling for earnings of $2 per share and revenue of $32.89 billion. These results would represent year-over-year changes of +281.82% and +75.42%, respectively.

Any recent changes to analyst estimates for SU should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SU currently has a Zacks Rank of #1 (Strong Buy).

Valuation is also important, so investors should note that SU has a Forward P/E ratio of 9.12 right now. Its industry sports an average Forward P/E of 9.48, so we one might conclude that SU is trading at a discount comparatively.

Meanwhile, SU’s PEG ratio is currently 3.04. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. The Oil and Gas – Integrated – Canadian industry currently had an average PEG ratio of 3.04 as of yesterday’s close.

The Oil and Gas – Integrated – Canadian industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 7, putting it in the top 3% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>



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.

 

Zacks Investment Research

News Related

OTHER NEWS

Relief for M&As, company rejigs on carrying forward losses

A tax tribunal has ruled that losses can be carried forward for eight years if the “effective” shareholding doesn’t change, an order that could impact several M&As and group restructuring ... Read more »

3 Pandemic-Fueled Commerce Trends Poised to Yield Long-Term Growth for Businesses

This story was originally published on CO— by U.S. Chamber of Commerce and was written by Barbara Thau. The pandemic thrust industries from retail and restaurants to fitness and food into hyper-innovation ... Read more »

What Business Leaders Can Learn From Prince Andrew's Blunders After the Epstein Scandal

The monarchy in England is in limbo. Its role in society has been transitioning slowly for many decades, but recently, the pace seems to be quickening. Britons are proud of ... Read more »

Jeff Bezos is Reportedly Looking to Buy an NFL Team

Amazon founder Jeff Bezos and superstar rapper Jay-Z are two of the names that “keep popping up” in discussions of who might buy the Denver Broncos NFL team, according to ... Read more »

SpaceX Launches First Tourism Mission Into Orbit

Inspiration4, the first-ever tourism mission into space, launched Wednesday morning. Anadolu Agency | Getty Images Four people were onboard the SpaceX Falcon 9 rocket, which departed from NASA’s Kennedy Space ... Read more »

Jobless Claims Rise as Pandemic Fears and Supply Chain Crunch Weigh on Recovery

The number of American workers who filed for unemployment rose last week after touching a pandemic-era low in the prior week, with the spread of the Delta variant and supply chain issues ... Read more »

America Is Short of Over 5 Million Homes Amid Surge in Demand and Lack of Construction: Report

The United States is short of more than 5 million homes, driven by increased housing demand across the country and a lack of materials and workers in the construction industry, according to new research from Realtor.com. ... Read more »

TikTok Removes Videos, Bans Theft Trend in Schools: 'Diabolical Trend That Hinges on Crime for Success'

It seems as if every day, a new trend hits TikTok feeds and has the app’s millions of users attempting to create their own version of the viral craze … with ... Read more »

One Major Airline Offers Extra Pay to Vaccinated Employees, Its Competitor Offers Unpaid Leave to Unvaccinated Workers

As the Delta variant of COVID-19 sweeps through the country, many companies are requiring employees to become vaccinated and abide by specific pandemic protocols. This has been especially widespread in ... Read more »

How To Get Your Influencer Marketing Strategy Right

Most brands today realize the importance of creating an emotional connection with consumers. A lot of stress is given to reaching out directly to them through social media and creating ... Read more »

Tilray, Inc. (TLRY) Dips More Than Broader Markets: What You Should Know

In the latest trading session, Tilray, Inc. (TLRY) closed at $12.01, marking a -0.17% move from the previous day. This move lagged the S&P 500’s daily loss of 0.16%. – ... Read more »

Trip.com (TCOM) Reports Next Week: Wall Street Expects Earnings Growth

Trip.com (TCOM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2021. This widely-known consensus outlook gives a ... Read more »

Starbucks (SBUX) Gains As Market Dips: What You Should Know

In the latest trading session, Starbucks (SBUX) closed at $114.67, marking a +0.03% move from the previous day. This move outpaced the S&P 500’s daily loss of 0.16%. – Zacks ... Read more »

Olin (OLN) Dips More Than Broader Markets: What You Should Know

In the latest trading session, Olin (OLN) closed at $48.82, marking a -1.87% move from the previous day. This change lagged the S&P 500’s daily loss of 0.16%. – Zacks ... Read more »

Nike (NKE) Earnings Expected to Grow: Should You Buy?

The market expects Nike (NKE) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended August 2021. This widely-known consensus outlook is ... Read more »

3M (MMM) Dips More Than Broader Markets: What You Should Know

3M (MMM) closed the most recent trading day at $182.66, moving -0.83% from the previous trading session. This move lagged the S&P 500’s daily loss of 0.16%. – Zacks Heading ... Read more »

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%. – ... Read more »

Earnings Preview: Rite Aid (RAD) Q2 Earnings Expected to Decline

The market expects Rite Aid (RAD) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended August 2021. This widely-known consensus outlook ... Read more »

Darden Restaurants (DRI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

The market expects Darden Restaurants (DRI) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended August 2021. This widely-known consensus outlook ... Read more »

Weyerhaeuser (WY) Gains As Market Dips: What You Should Know

Weyerhaeuser (WY) closed at $35.69 in the latest trading session, marking a +1.86% move from the prior day. This change outpaced the S&P 500’s 0.16% loss on the day. – ... Read more »

Snap (SNAP) Dips More Than Broader Markets: What You Should Know

In the latest trading session, Snap (SNAP) closed at $72.48, marking a -1.55% move from the previous day. This change lagged the S&P 500’s daily loss of 0.16%. – Zacks ... Read more »

Vail Resorts (MTN) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Vail Resorts (MTN) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2021. This widely-known consensus outlook gives ... Read more »

Cathie Wood Projects Market Rotation to Growth: ETFs to Play

Ark Invest’s Cathie Wood, who has a huge-fan following in the investment world for her stock picking skills, has again emphasized on her prediction that a slowdown in the economic ... Read more »

USA Truck (USAK) Dips More Than Broader Markets: What You Should Know

USA Truck (USAK) closed at $14.21 in the latest trading session, marking a -0.56% move from the prior day. This change lagged the S&P 500’s daily loss of 0.16%. – ... Read more »

Mortgage free: The 'absolute key' to paying off your loan early and saving thousands

Last year alone, the average homeowner paid £3,154 in interest on their mortgage according to estimates from the HomeOwners Alliance – imagine if there was a way to repay your ... Read more »

Basic rate taxpayers could now face 'high income' tax charge as Rishi Sunak pays for Covid

Up until 2013, child benefit was available to all UK families and was not means tested or dependent on their income. However, in 2013, this changed and anyone earning over ... Read more »

Six banks will pay you up to £130 cash - and you can get the money by Christmas

There are six banks that are currently paying up to £130 in cash for you to switch to them. These money rewards are known as “bank bribes” and the good ... Read more »

Countryside is latest developer to scrap doubling ground rents

© Provided by Daily Mail MailOnline logo Property developer Countryside has agreed to scrap unfair contracts that saw leaseholders subjected to ground rents doubling every 10 to 15 years. The ... Read more »

Inside the mind of NS&I's Agent Million who delivers £1million cheques to the public

Winning the £1million Premium Bonds jackpot is an amazing feeling – but a secretive person has the best job in the world and gets to share that joy every month. ... Read more »

How did Black Friday get its name? The history behind the biggest sales event of the year

Wondering how Black Friday got its name? You’re probably not the only one.  © Sameer Al-Doumy/AFP why is it called black friday name 2021 US UK history facts what mean ... Read more »

Families say DWP's £10 Christmas bonus for struggling households is an 'insult'

The government’s £10 Christmas bonus for disabled people and those on the lowest incomes has been described as an ‘insult’ at a time when millions will struggle to heat their ... Read more »

Monzo launches Flex as it joins the buy now, pay later boom: Customers offered credit limits up to £3k and costs can be spread over a year

© Provided by This Is Money MailOnline logo Millennial favourite Monzo has today launched its own buy now, pay later product called Flex as it looks to profit from the ... Read more »

Virgin Money: 2.02% interest rate & ‘rich package' of benefits - Britons urged to act fast

Virgin Money first launched the packaged current account, Club M, in April, the first of its kind from the provider. It offers a wide range of support for Britons who ... Read more »

Universal Credit, PIP & state pension recipients set for bonus in December 2021

Universal Credit and PIP are benefits which support people in different circumstances. Universal Credit is aimed at helping people who are out of work, unable to work, or on a ... Read more »

'Double whammy' as families face 'large legal costs' & 'unexpected' Inheritance Tax bills

Inheritance Tax (IHT) can be managed through Wills, which ensure assets are passed on to intended beneficiaries and no more tax is paid than necessary. Will creation is usually encouraged ... Read more »

IPO-bound Pine Labs raises $100 million from US investment fund

Mumbai: Pine Labs, which plans to go public in the US next year, said on Thursday that it has raised $100 million from US-based Invesco Developing Markets Fund. The new ... Read more »

Inheritance tax: Covid Wills & care home issues force families into the courts - get ready

Inheritance Tax (IHT) can be managed through Wills, which ensure assets are passed on to intended beneficiaries and no more tax is paid than necessary. Will creation is usually encouraged ... Read more »

Debt fears as Monzo launches £3,000 buy now, pay later loans

Digital bank Monzo has entered the controversial “buy now, pay later” market for the first time, sparking fresh concerns about consumer overspending. © PA a monzo card – PA The ... Read more »