The Quantitative Fair Value Estimate is calculated daily. Terms of Use Privacy Policy Cookies, The Morningstar Star Rating for Stocks is assigned based on an analyst's estimate of a stocks fair value.
Suncor Energy recorded soft refined product sales in the quarter under consideration, which fell to 438,800 Bbl/d from the prior-year level of 508,100 Bbl/d due to compressed refinery utilization levels. For detail information about the Quantiative Fair Value Estimate, please visit here, A reckoning is coming for our oil, as Norges Bank divests from four Canadian oil majors - and more asset managers are expected to follow, Manager argues that the energy sector is on a firmer footing, “There will be growth in populations and economic growth, that will ultimately benefit energy investors,” says 1832’s Jennifer Stevenson, A summary of Morningstar analyst reports from our Canadian coverage universe, Dividend investing isn't just about after-tax yields. Suncor Energy reported loss in second-quarter 2020 results. A 5-star represents a belief that the stock is a good value at its current price; a 1-star stock isn't. How Have Estimates Been Moving Since Then?
NYSE and AMEX data is at least 20 minutes delayed. statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat,
Suncor Energy retains its sales, production and operating cost view, which is indicative of strengthened consumer demand and managed upstream production. A month has gone by since the last earnings report for Suncor Energy (SU - Free Report) .Shares have lost about 5.2% in that time frame, underperforming the S&P 500.
Total upstream production in the reported quarter was 655,500 barrels of oil equivalent per day (Boe/d), down 18.5% from the prior-year level of 803,900 Boe/d. For information Moreover, this upstream unit recorded an operating loss of C$51 million against earnings of C$247 million in the prior-year quarter, thanks to weak price realizations and mandatory production curtailments.Notably, Fort Hills production came in at 47,300 barrels per day (BPD) in the quarter, higher than 89,300 BPD registered in the year-ago period. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Suncor Energy Inc. (SU) - free report >>.
The company incurred capital expenditure worth C$671 million in the quarter under discussion. Visit www.zacksdata.com to get our data and content for your mobile app or website. This process culminates in a single-point star rating that is updated daily. However, upgrader utilization declined to 81% from 88% in the comparable quarter of last year.Suncor Energy’s Exploration and Production segment (consisting of International, Offshore and Natural Gas segments) produced 101,800 Boe/d compared with 111,700 Boe/d in the prior-year quarter. Suncor Energy is one of Canada’s largest integrated energy companies, operating in western Canada, east coast Canada, the United States, and the North Sea. The companies are forced to delay expansion plans and cut capital expenditures to sustain liquidity. Also, refinery utilization was 76%. Investments in securities are subject to market and other risks. Four components drive the Star Rating: (1) our assessment of the firm’s economic moat, (2) our estimate of the stock’s … Moreover, this upstream unit recorded an operating loss of C$51 million against earnings of C$247 million in the prior-year quarter, thanks to weak price realizations and mandatory production curtailments.
fair value, and uncertainty rating. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Importantly, cash flow from operating activities summed C$768 million in the second quarter, down from the prior-year figure of C$3.43 billion.
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Currently, Suncor Energy has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B.
Results were unpleasant due to lower output levels from Terra Nova natural declines in the United Kingdom. The company reiterates its capex guidance on the earnings call.The company progressed substantially in containing operating costs in the second quarter and remains on track to achieve its $1-billion operating cost-saving target by 2020 end.
Click here for more on how to use these ratings. If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years. Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. . Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. The Quantitative Fair Value Estimate is based on a statistical model derived from the Fair Value Estimate Morningstar’s equity analysts assign to companies which includes a financial forecast of the company. For detail information about the Morningstar Star Rating for Stocks, please visit here, Quantitative Fair Value Estimate represents Morningstar’s estimate of the per share dollar amount that a company’s equity is worth today. September 2014 month-end recap of stocks Morningstar analysts recommend. A recent pick, Maxar, skyrocketed +178.7% in 3 months. The company’s operating loss per share of 71 cents was wider than the Zacks Consensus Estimate of a loss of 44 cents. Experts have chosen 7 stocks out of 220 Zacks Rank #1 Strong Buys that have the highest potential to increase in price quickly amid the global health crisis. Moreover, the top line dropped 59.4% from $7.55 billion in the year-ago quarter. Morningstar assigns star ratings based on an analyst’s estimate of a stock's fair value. However, the year-ago bottom line was a profit of 60 cents per share. It turns out, estimates revision have trended upward during the past month. Therefore in March, Suncor Energy trimmed its 2020 capital spending outlook by nearly 26% to the C$3.9-C$4.5 billion range after reckoning the ongoing decline in commodity prices.In an attempt to maintain a strong balance sheet position during the continued market turbulence, this Alberta-based integrated player further lowered its total capex for the current year to the C$3.6-C$4 billion band in the June quarter. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
It is a projection/opinion and not a statement of fact. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. Notably, Suncor Energy has a Zacks Rank #4 (Sell). Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Michael O'Brien is taking selective profits and reducing his exposure to cyclical stocks. Morningstar assigns star ratings based on an analyst’s estimate of a stock's fair value. This includes personalizing content and advertising. Zacks Ranks stocks can, and often do, change throughout the month. Delayed quotes by Sungard. See its 7 best stocks FREE. Ads help us provide you with high quality content at no cost to you.
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