#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 operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.
Read More - Current Price
- C$56.66
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- C$61.54 (8.6% Upside)
