Canada's Suncor cements comeback from oil sands laggard to sector outperformer [Yahoo! Finance Canada]
Suncor Energy Inc. (SU)
Last suncor energy inc. earnings: 2/5 07:15 pm
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Source: Yahoo! Finance Canada
(Reuters) - Suncor Energy's much better-than-expected third-quarter results cement the revival of Canada's second-largest oil producer, two years after its previous CEO resigned following a string of worker fatalities and operational mishaps. The Calgary-based producer beat analysts' estimates for cash flow, upstream production and refining throughput and hit its C$8 billion ($5.72 billion) net debt target ahead of schedule, triggering a move to return 100% of free cash flow to shareholders. Suncor also said it is on track to exceed its 2024 production and refining guidance, helped by record third-quarter output from its oil sands upgraders in northern Alberta. The latest results, reported late Tuesday, follow a steady improvement in operations and safety since former Exxon Mobil executive Rich Kruger took over as CEO in April 2023 and underline Suncor's transformation from oil sands sector laggard to outperformer. "Today's Suncor is a new Suncor," Kruger told analysts on an
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News
- Suncor Energy Inc. (NYSE: SU) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $66.00 price target on the stock.MarketBeat
- Down -12.54% in 4 Weeks, Here's Why Suncor Energy (SU) Looks Ripe for a Turnaround [Yahoo! Finance]Yahoo! Finance
- Shell Announces FID in Bonga North Project to Sustain Oil Production [Yahoo! Finance]Yahoo! Finance
- Suncor's 2025 Outlook: Production Growth and Capex Reduction [Yahoo! Finance]Yahoo! Finance
- Suncor Energy Inc. (NYSE: SU) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
SU
Earnings
- 11/12/24 - Beat
SU
Sec Filings
- 12/12/24 - Form 6-K
- 11/25/24 - Form 6-K
- 11/13/24 - Form 6-K
- SU's page on the SEC website