The No. 1 AI Stock of 2024 (Not Nvidia)

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Suncor Energy Inc
NYSE:SU
$40.55
Open 37.16 Prev Close 36.97
High 37.61 Low 36.84
Volume 2,381,359 Volume (Avg) 4,440,851
52 Week High 23.69 52 Week Low 9.83
Market Cap 33.5B PE Ratio 9.36

General

NameSuncor Energy Inc
TickerSU
ExchangeNYSE
SectorEnergy
IndustryOil & Gas Integrated
CurrencyUSD
CountryUSA
Fiscal Year EndDecember
Full Time Employees12,591

About Suncor Energy Inc

Suncor Energy Inc. 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, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada. It operates in Oil Sands; Exploration and Production; Refining and Marketing; and Corporate and Eliminations segments. The Oil Sands segment recovers bitumen from mining and in situ operations, and upgrades it into refinery feedstock and diesel fuel, or blends the bitumen with diluent for direct sale to market. The Exploration and Production segment is involved in offshore operations off the east coast of Canada and in the North Sea; and operating onshore assets in Libya and Syria. The Refining and Marketing segment refines crude oil and intermediate feedstock into various petroleum and petrochemical products; and markets refined petroleum products to retail, commercial, and industrial customers through its other retail sellers. The Corporate and Eliminations segment operates four wind farm operations in Ontario and Western Canada. The company also markets and trades in crude oil, natural gas, byproducts, refined products, and power. 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 1917 and is headquartered in Calgary, Canada.

Highlights

Analyst Target42.83
Market Cap33,507,643,392
PE Ratio9.36
PEG Ratio0.07

Valuation

Trailing PE9.75
Forward PE28.90
Price/Sales (Trailing 12 Mt.)1.80
Price/Book (Most Recent Quarter)1.24

Technicals

Beta1.99
52 Week High23.69
52 Week Low9.83
50 Day Average19.78
200 Day Average16.25

Dividend

Suncor Energy Inc pays out a dividend of $1.05 per share, with a dividend yield of 3.99%.

SU's last dividend payment was made to shareholders on March 25, 2021.

They pay out 0.00% of their earnings out as a dividend.

Recent Dividends

Jun 25, 2024$0.55
Mar 25, 2024$0.55
Dec 22, 2023$0.55
Sep 25, 2023$0.52
Jun 26, 2023$0.52
Mar 24, 2023$0.52
Dec 23, 2022$0.52
Sep 26, 2022$0.47
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