#9 - Suncor Energy (TSE:SU)
Suncor Energy (TSE:SU) Energy stocks can be boring. Unless the stock is undervalued. In that case, it offers the potential for attractive growth. That’s the case with Suncor Energy which, based on future cash flow projections is trading at a significant discount to the market. The question investors will have to answer is where they believe earnings are headed. Some analysts are projecting that SU will show negative earnings next year. However, for the past five years, the company has delivered over 20% year-on-year earnings growth. In the past year, the company’s earnings growth exceeded its five-year average as well as the average of the U.S. Oil and Gas Industry. However, even investors who may not buy into Suncor’s growth story should still pay attention to the company’s dividend. The company has been raising dividends in each of the last ten years and is currently showing a yield of 4.2%.
About Suncor Energy
Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.
Read More - Current Price
- C$56.69
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- C$62.11 (9.6% Upside)
