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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Post by Marner16on Apr 06, 2021 12:48pm
305 Views
Post# 32942166

Zacks maintains strong buy recommendation

Zacks maintains strong buy recommendation

Quarterly Earnings Forecast

Fiscal Quarter End Consensus EPS* Forecast High EPS* Forecast Low EPS* Forecast Number of Estimates Over the Last 4 Weeks Number of Revisions - Up Over the Last 4 Weeks Number of Revisions - Down
Mar 2021 0.28 0.28 0.28 1 1 0
Jun 2021 0.02 0.02 0.02 1 1 0
Sep 2021 0.39 0.39 0.39 1 1 0
Dec 2021 0.25 0.25 0.25 1 1 0

The Q1 and full 2021 estimates didn't change last week but did move up significantly over the past month.  Zacks puts a lot of weight on the most recent shifts in analyst ratings.

Zacks only has one analyst that is forecasting 2021 earnings.  They have 2 analyst earnings forecasts for 2022 with a consensus of US$1.32

I don't subscribe to Zacks but their Strong Buy rankings typically outperform the market. 

Q1 results will be out in 4 weeks. Until then, we wait on the whim of oil prices.
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