SU Stock Recent News

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.

Suncor Energy (SU) reachead $31.84 at the closing of the latest trading day, reflecting a -0.84% change compared to its last close.

The Colorado Department of Public Health and Environment on Monday imposed a penalty of $10.5 million, on Suncor for air pollution violations from July 2019 through June 2021 at its 103,000 barrels-per-day Commerce City, Colorado refinery.

Suncor Energy (SU) closed at $32.78 in the latest trading session, marking a +0.12% move from the prior day.

Suncor (SU) surpasses Q4 expectations, achieving a record-breaking 900K bbls/day upstream production, indicating a promising future.

Suncor Energy Inc. (TSX:SU) shares moved higher in premarket trade after the Alberta, Calgary-based energy company revealed that it achieved its second-highest quarter of production for the fourth quarter of 2023. Upstream production was 808,000 barrels per day (bbls/d) for the quarter.

Canadian energy company Suncor said on Wednesday it saw record upstream production in the fourth quarter, supported by strong output at its Firebag and Fort Hills assets.

Suncor Energy is a strong performer in the oil and gas industry, generating substantial free cash flows and maintaining a balanced capital allocation approach. Despite a decline in revenue in 2023, Suncor is expected to benefit from industry tailwinds, which I describe in my analysis. My valuation simulation suggests the stock is 30% undervalued.

Investors need to pay close attention to Suncor Energy (SU) stock based on the movements in the options market lately.

Suncor (SU) expects upstream production to be in the band of 770,000-810,000 barrels per day (bpd) in 2024 with capital expenditures in the C$6.3-C$6.5 billion range.