Last $41.09 USD
Change Today +0.30 / 0.74%
Volume 2.4M
SU On Other Exchanges
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

suncor energy inc (SU) Snapshot

Open
$40.77
Previous Close
$40.79
Day High
$41.18
Day Low
$40.74
52 Week High
06/16/14 - $43.49
52 Week Low
02/4/14 - $31.30
Market Cap
60.2B
Average Volume 10 Days
2.4M
EPS TTM
--
Shares Outstanding
1.5B
EX-Date
09/2/14
P/E TM
--
Dividend
$1.12
Dividend Yield
1.94%
Current Stock Chart for SUNCOR ENERGY INC (SU)

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suncor energy inc (SU) Details

Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada; and markets third-party petroleum products. It operates in Oil Sands; Exploration and Production; Refining and Marketing; and Corporate, Energy Trading, and Eliminations segments. The Oil Sands segment recovers bitumen from mining and in situ development in northern Alberta, and upgrades it into refinery feedstock and diesel fuel. The Exploration and Production segment is involved in offshore operations in the North Sea; and onshore operations in North America, Libya, and Syria. The Refining and Marketing segment refines crude oil into petroleum and petrochemical products; and manufactures, blends, and markets lubricants. This segment also and sells refined petroleum products and lubricants to retail, commercial, and industrial customers through a combination of company-owned, branded-dealer, and other retail stations in Canada and Colorado, a nationwide commercial road transport network in Canada, and a bulk sales channel in Canada. The Corporate, Energy Trading, and Eliminations owns interest in wind power projects in Canada; and ethanol plant in Ontario, as well as is engaged in energy trading activities, including marketing and trading of crude oil, natural gas, and byproducts. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1953 and is headquartered in Calgary, Canada.

13,946 Employees
Last Reported Date: 02/28/14
Founded in 1953

suncor energy inc (SU) Top Compensated Officers

Chief Executive Officer, President and Non In...
Total Annual Compensation: C$1.3M
Executive Vice President of Upstream
Total Annual Compensation: C$603.1K
Executive Vice-President of Major Projects
Total Annual Compensation: C$503.9K
Executive Vice President of Strategy & Corpor...
Total Annual Compensation: C$520.7K
Compensation as of Fiscal Year 2013.

suncor energy inc (SU) Key Developments

Suncor Energy Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014 and Production Results for the Second Quarter Ended June 30, 2014; Revised Capital Expenditure Guidance for the Fiscal 2014; Provides Capital Expenditure Guidance for the Fiscal 2015; Reports Impairment Charges for the Second Quarter Ended June 30, 2014

Suncor Energy Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. The company delivered financial results in the second quarter of 2014, including operating earnings of CAD 1.135 billion or CAD 0.77 per common share and cash flow from operations of CAD 2.406 billion or CAD 1.64 per common share, compared to CAD 934 million or CAD 0.62 per common share and CAD 2.250 billion or CAD 1.49 per common share, respectively, in the prior year quarter. Current quarter results were led by increased production at oil sands and strong upstream price realizations, partially offset by lower production volumes in exploration and production, as well as higher share-based compensation expense and natural gas input costs. Net earnings were CAD 211 million or CAD 0.14 per common share for the second quarter of 2014, compared with net earnings of CAD 680 million or CAD 0.45 per common share for the prior year quarter. Net earnings for the second quarter of 2014 were negatively impacted by after-tax impairment charges of CAD 718 million on the company's interest in the Joslyn mining project, CAD 297 million against the company's Libyan assets, and CAD 223 million in Oil Sands following a review of certain assets that no longer fit with Suncor's previously revised growth strategies and which could not be repurposed or otherwise deployed. These factors were partially offset by after-tax earnings of CAD 32 million related to a reserves redetermination in the exploration and production segment, and the impact of an after-tax foreign exchange gain on the revaluation of USD denominated debt of CAD 282 million, compared to an after-tax foreign exchange loss of CAD 254 million in the prior year quarter. During the second quarter, the company has invested CAD 765 million of sustaining capital and CAD 885 million of growth capital. After factoring in, CAD 113 million for capitalized interest, that left with free cash flow to the quarter of CAD 643 million and trailing 12 months free cash flow of CAD 3.6 billion, a 66% year-over-year increase. For the six months, the company reported net earnings of CAD 1,696 million against CAD 1,774 million a year ago. Operating earnings were CAD 2,928 million against CAD 2,301 million a year ago. For the quarter, the company reported impairments of CAD 1,238 million. Additionally, inventory accounting LIFO/FIFO, the impact in the second quarter was a net charge of CAD 15 million. The company's total upstream production was 518,400 barrels of oil equivalent per day (boe/d) in the second quarter of 2014, an increase from 500,100 boe/d in the prior year quarter, reflecting higher production volumes in Oil Sands, partially offset by the sale of the conventional natural gas business and negligible production in Libya. For the year 2014, the company reduced its capital expenditures guidance to CAD 6.8 billion from CAD 7.8 billion, demonstrating Suncor's ongoing commitment to capital discipline. The company expects capital expenditure reduced by about CAD 1 billion or even an excess of CAD 1 billion for the fiscal 2015.

Suncor Energy Approves an Increase in Quarterly Dividend Payable on September 25, 2014

Suncor Energy's Board of Directors has approved an increase in the company's quarterly dividend to $0.28 per share on its common shares, from the previous level of $0.23 per share. The dividend is payable on September 25, 2014 to shareholders of record at the close of business on September 4, 2014.

Suncor Energy Inc. to Report Q2, 2014 Results on Jul 30, 2014

Suncor Energy Inc. announced that they will report Q2, 2014 results at 10:00 PM, US Eastern Standard Time on Jul 30, 2014

 

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Industry Analysis

SU

Industry Average

Valuation SU Industry Range
Price/Earnings 16.8x
Price/Sales 1.6x
Price/Book 1.5x
Price/Cash Flow 6.3x
TEV/Sales 1.2x
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