14 Best Undervalued Stocks to Buy Under $50

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7. Suncor Energy Inc. (NYSE:SU)

Stock Price: ​$41.99

Forward P/E: 12.29

Number of Hedge Fund Holders: 42

Suncor Energy Inc. (NYSE:SU) is one of the best undervalued stocks to buy under $50. TD Securities analyst Menno Hulshof lifted the price target on Suncor Energy Inc. (NYSE:SU) to C$71 from C$67 on November 5, while keeping a Buy rating on the stock.

The rating update came after Suncor Energy Inc. (NYSE:SU) reported its fiscal Q3 2025 earnings on November 4, reporting $3.8 billion in adjusted funds from operations and $2.3 billion in free funds flow. The company also reported adjusted operating earnings of $1.794 billion, or $1.48 per common share, compared to $1.875 billion ($1.48 per common share) in the prior year period, as factors such as growth in sales volumes, increase in production, and higher refinery margins managed to largely offset lower upstream price realizations.

In addition, the company returned more than $1.4 billion to shareholders, with $750 million in share repurchases and $700 million in dividends. Suncor Energy Inc. (NYSE:SU) also updated its fiscal 2025 corporate guidance ranges, increasing upstream production from 810,000–840,000 bbls/d to 845,000–855,000 bbls/d and increasing refinery thoroughput from 435,000–450,000 bbls/d to 470,000–475,000 bbls/d.

Suncor Energy Inc. (NYSE:SU) is an integrated energy company that develops petroleum resource basins. Its operations are divided into the following segments: Oil Sands, Exploration and Production, Refining and Marketing, and Corporate and Eliminations.

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