|Bid||40.30 x 800|
|Ask||40.31 x 3000|
|Day's range||39.81 - 40.61|
|52-week range||27.96 - 41.82|
|PE ratio (TTM)||22.29|
|Forward dividend & yield||1.12 (2.89%)|
|1y target est||42.83|
May.24 -- Schneider Electric SA Chief Executive Officer Jean-Pascal Tricoire discusses barriers to doing business in Russia. He speaks in St. Petersburg on "Bloomberg Surveillance."
With the Canadian oil giant’s two largest expansion projects wrapping up, and pipeline issues not going away anytime soon, the company needs to find new ways to grow.
Suncor Energy Inc. and Enbridge Inc. are among Canadian fossil fuel companies seeking answers after Ontario premier-designate Doug Ford announced plans to unwind a cap-and-trade program that has issued C$2.8 billion ($2.1 billion) worth of pollution credits to dozens of companies. Ford and his Progressive Conservative party said last week they would fulfill a campaign pledge and withdraw from the program, which sold credits to energy firms and fuel distributors that must hold enough of the allowances by the end of 2020 to match their greenhouse-gas emissions.
In the preceding part, we saw that Suncor Energy (SU) has the highest percentage of “buy” ratings among the global integrated energy stocks. Shell is a British-Dutch integrated energy company with upstream, downstream, and integrated gas business segments. The analyst rating chart above shows that eight (or 89.0%) analysts rated Shell as a “buy” in June.
In this series, we’re ranking the integrated energy firms based on the “buy” ratings specified by Wall Street analysts. Suncor is a Canadian integrated energy firm with oil sands, exploration and production (or E&P), and refining and marketing business segments. SU’s mean price target of 57.90 Canadian dollars per share (or $44.00 per share) in June represents 13.0% growth over its mean target price in June 2017.
In this series, we’ll rank seven global integrated energy firms based on the “buy” ratings received from Wall Street analysts. Suncor Energy (SU), Royal Dutch Shell (RDS.A), and Chevron (CVX) are the top three firms that have received more than 70.0% “buy” ratings from analysts. Suncor, which is in the business of extracting oil from oil sands, has seen a notable improvement in its financial position in the past few quarters.
Suncor Energy Inc (TSX:SU) is currently trading at a trailing P/E of 21.9x, which is higher than the industry average of 19.4x. Although some investors may jump to the conclusionRead More...
Enbridge Inc.’s decision to implement and then scrap new rules governing Canada’s biggest export pipeline system sent crude prices on a record roller coaster move this week, earning the pipeline operator both friends and enemies. BP Plc filed a complaint this week with Canada’s National Energy Board saying Enbridge used an “unreasonable exercise of discretion” when it announced and then, 11 days later, canceled new rules governing the amount of oil that shippers were allowed to send through its Mainline system. Heavy Western Canadian Select crude prices surged by a record $12.20 a barrel relative to U.S. benchmark West Texas Intermediate futures Monday after Enbridge scrapped the rule, which was designed to stop shippers from claiming more space than they needed on the pipeline.
Suncor Energy (SU) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
Suncor Energy (SU) stock has the top spot on our list of six integrated energy stocks. It has risen 17.8% since April 2, the beginning of the second quarter. That’s the highest among our six integrated energy stocks and above the returns of the SPDR S&P 500 ETF (SPY). SPY closely follows and tracks the S&P 500 Index and has risen 5.2% so far in the quarter. The two stocks at the bottom of our list of six stocks are Chevron (CVX) and Total (TOT), which have returned 10.7% and 6.8%, respectively, in the current quarter.
Cows rest by the side of a road as a man and child sit under a light powered by energy from a solar power microgrid at night in the village of Dharnai in Jehanabad, Bihar, India, on Thursday, July 9, 2015. While Prime Minister Narendra Modi's ambition has led billionaires such as Foxconn Technology Group's Terry Gou to pledge investment, the question remains whether the 750 million Indians living on less than $2 per day can afford or will embrace green energy. Nearly a quarter of the 1.1 billion without access to reliable electricity are located in India, which is critical to its development and which requires creative solutions.
Suncor Energy (SU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Although overlooked by the investors, Suncor Energy (SU) looks well-positioned for a solid gain, supported by a favorable Zacks rank and positive estimate revisions.
If you are interested in cashing in on Suncor Energy Inc’s (TSX:SU) upcoming dividend of CA$0.36 per share, you only have 3 days left to buy the shares before itsRead More...
Previously, we looked at BP’s (BP) moving average trends. In this part, we’ll use its implied volatility to forecast its stock price range up until June 29.
Previously, we saw that BP (BP) stock has surged 18% in the second quarter. In this part, we’ll look at BP’s moving averages.
BP (BP) stock has risen 18% in the second quarter, primarily led by surging oil prices and markets. Meanwhile, WTI has risen 14%, and the SPDR S&P 500 ETF (SPY) has risen 6%.
Of the 23 analysts tracking Chevron (CVX), 18 (78%) recommend “buy” or “strong buy,” and five (22%) recommend “hold.” None recommend “sell.” Chevron’s target price has been raised since its earnings release, by: UBS, from $120 to $130 Citigroup, from $133 to $145 Bank of America Merrill Lynch, from $138 to $150
To conclude our overview of the biggest movers in the upstream and oilfield services sector, we’ll discuss Wall Street analysts’ recommendations for the companies with the biggest gains and losses this week. As of May 17, Reuters reported eight analysts with recommendations on CVR Refining (CVRR). One analyst has a “strong buy” recommendation, one analyst has a “buy” recommendation, while six analysts have a “hold” recommendation on CVRR.
In the first quarter, 12 hedge funds bought CVR Refining’s (CVRR) stock and three sold of CVRR stock. So the total buying hedge funds outnumbered the total selling hedge funds by nine. As of March 31, six hedge funds held CVRR in their portfolios. One hedge fund counts CVRR among its top-ten holdings.
Continuing with the biggest movers in the energy sector, we’ll now look at the top gainers from the US integrated energy sector this week.