Last price: CA$43.05Updated: 2 years ago52w range:
CA$37.09
to
CA$48.26
52w change:
16.00%
to
-11.00%
Forward PE: 8.22Trailing EPS: 6.19
50d average: CA$43.49
(-1%)
200d average: CA$42.62
(1%)
Open: CA$42.55Previous close: CA$42.47
Change: CA$0.58
(1.37%)
Day high: CA$43.06Day low: CA$42.40Volume: 4.30 millionAvg. vol 3m: 7.70 million
Toronto TSX:SUCap: 55.75 billion Shares outstanding: 1.3 billionPrice hint: 2Price to book: 1.34Annual dividend rate: 2.08Annual dividend yield: 0.05CA$0.55 dividend 2 years agoYahoo Quote
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Suncor Energy Inc. is a Canadian integrated energy company based out of Calgary, Alberta. It is one of the largest energy companies in the world, with significant operations in oil sands, offshore oil and gas production, petroleum refining, and marketing.
Here are the key points to note while considering Suncor Energy Inc. for an investment opportunity:
1. Business Model: Suncor's operations include oil sands development and upgrading, offshore oil and gas production, petroleum refining, and marketing, which offers product diversity. They're also involved in the renewable energy portfolio.
2. Revenue: The company has a robust financial profile with a stable cash flow, but like all energy companies, its revenues are at the mercy of fluctuating oil and gas prices.
3. Dividends: Suncor has a good track record of paying dividends. It offers an attractive dividend yield, and the company has also consistently increased its payouts.
4. ESG Rating: Suncor has a strong focus on sustainability and has set ambitious goals for reducing its environmental footprint. This opens up investment opportunities for those focusing on ESG (Environmental, Social, Governance) factors.
5. Risks: One significant risk is the cyclical nature of the energy industry and changes in prices of crude oil and natural gas. Regulatory and political attitudes towards the oil sands operations and the global push towards renewable energy are also potential risks.
6. Market Performance: It’s crucial to see how the company's stock has performed over the years in relation to the overall market and its industry peers. As of late, the company's stock has underperformed compared to some of its peers, which could be a potential red flag or an opportunity for a value pickup.
7. Future Outlook: The company has plans for strong production growth over the next few years, which could lead to significant revenue growth if oil and gas prices remain stable or increase.
As an investment advisor, I would recommend considering your appetite for risk, investment horizon, and personal values before deciding to invest in Suncor Energy Inc. It might be a good fit for investors seeking income through dividends and who has a long-term perspective, yet one should be cautious of the industry's volatility and transition to renewable energy sources. It would be beneficial to keep an eye on the company's commitments towards ESG to ensure it aligns with current environmental trends and legislation. Always diversify your portfolio to mitigate risks associated with industry-specific or company-specific issues.