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NYSE:SU

Suncor Energy - SU Stock Forecast, Price & News

$32.15
-0.72 (-2.19%)
(As of 12/1/2022 03:57 PM ET)
Add
Compare
Today's Range
$32.03
$33.19
50-Day Range
$26.65
$37.02
52-Week Range
$22.22
$42.72
Volume
305,149 shs
Average Volume
4.47 million shs
Market Capitalization
$43.53 billion
P/E Ratio
7.37
Dividend Yield
4.28%
Price Target
$51.25

Suncor Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
57.8% Upside
$51.25 Price Target
Short Interest
Bearish
2.11% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-9.89
Upright™ Environmental Score
News Sentiment
0.39mentions of Suncor Energy in the last 14 days
Based on 24 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-21.76%
From $6.25 to $4.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.28 out of 5 stars

Oils/Energy Sector

108th out of 247 stocks

Petroleum Refining Industry

12th out of 20 stocks

SU stock logo

About Suncor Energy (NYSE:SU) Stock

Suncor Energy Inc. was formed in 1979 but its history is much deeper than that. The company was first formed in 1919 as a subsidiary of Sun Oil and was later merged with another of Sun Oil’s (now Sunoco’s) subsidiaries to form the entity traded today. The merger combined Sunoco’s refinery, oil sands, and refinery businesses into a single unit as part of its exit from Canada and repositioning as a pure play on fuel distribution.

Today, Suncor Energy operates as an integrated energy company in Canada and the U.S. After several major acquisitions and mergers, it is also the 2nd largest energy company in Canada and the 11th largest publicly traded company. Suncor Energy went public in 1992 and has seen its shares rise meteorically in that time.

The company’s primary focus is developing petroleum resource basins in Canada's Athabasca oil sands. Notably, Suncor Energy Inc.’s predecessor was the 1st company to extract oil from the Athabasca oil sands where it is the largest operator. The company is headquartered in Calgary, Alberta where the bulk of its operations lay. The company has diversified into International and Offshore production of natural gas, liquids, and crude oil but the oil sands make up 7.37 billion barrels of the company’s 7.79 billion barrels of proveable reserves (as of November 2022).

Suncor Energy’s downstream operations include more than 1800 retail locations that market petroleum and petrochemical products under the Petro-Canada name. The company owns 4 refineries as well, with a daily capacity of 460,000 barrels, and Canada’s largest ethanol plant as well. That plant, located in St. Clair, is capable of producing 400 million liters of ethanol annually.

The Oil Sands segment recovers bitumen which is a combination of clay, sand, and crude by mining and other operations. The company upgrades the bitumen into refinery feedstock and diesel fuel or prepares it for direct sale to the market. The company has 3 surface mining operations but 80% of the oil sands are too deep to reach so are mined using other methods including Steam-Assisted-Gravity-Drainage.

The company is also focused on reducing its impact on the environment by investing in wind farms and cogeneration technology. The company’s wind farms are capable of generating 111 megawatts of electricity which is enough to sustain about 53,000 homes. The cogeneration technology uses natural gas to generate steam and electricity and is the most efficient use of carbon-sourced energy for industrial purposes. The company is also working toward building out a solar power generation system.

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SU Stock News Headlines

Canadian Oil Giant Plans to Pump Record Crude in 2023
Canadian Oil Giant Plans to Pump Record Crude in 2023
Suncor 2022 Report on Sustainability: Water Stewardship
Suncor 2022 Report on Sustainability: Water Stewardship
Scotiabank Cuts Suncor Energy (NYSE:SU) Price Target to C$53.00
Suncor Energy Inc. (SU) To Go Ex-Dividend on December 1st
Assessing Steven Cohen's Suncor Exit
Suncor Energy: Oil Sand Turnaround Story
Suncor Energy: Total Combined Yield Of 12.9%
Suncor (SU) Shares Rise 5% Since Q3 Earnings & Sales Beat
Suncor Energy Q3: Poised To Break Out
Cenovus Energy: Explosive Dividend Growth
See More Headlines
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SU Company Calendar

Last Earnings
5/02/2021
Ex-Dividend for 9/26 Dividend
9/01/2022
Dividend Payable
9/26/2022
Today
12/01/2022
Ex-Dividend for 12/23 Dividend
12/01/2022
Dividend Payable
12/23/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/01/2023

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
N/A
Employees
16,922
Year Founded
1917

Price Target and Rating

Average Stock Price Forecast
$51.25
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+59.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
$3.29 billion
Pretax Margin
19.53%

Debt

Sales & Book Value

Annual Sales
$31.20 billion
Cash Flow
$5.11 per share
Book Value
$21.60 per share

Miscellaneous

Outstanding Shares
1,353,990,000
Free Float
1,340,446,000
Market Cap
$43.53 billion
Optionable
Optionable
Beta
1.31

Social Links


Key Executives

  • Mr. Kristopher P. SmithMr. Kristopher P. Smith
    CEO & Interim Pres
  • Mr. Alister Cowan
    Chief Financial Officer
  • Mr. Bruno Y. Francoeur
    Exec. VP of Bus. & Operations Services
  • Mr. Trevor Bell
    VP of Investor Relations
  • Ms. Arlene Joyce Strom
    Chief Sustainability Officer, Gen. Counsel & Corp. Sec.
  • Mr. Paul Douglas Gardner
    Chief People Officer
  • Ms. Shelley Powell
    Sr. VP of Exploration & Production and In Situ
  • Mr. Peter Zebedee
    Exec. VP of Mining & Upgrading
  • Mr. Shawn Paul Poirier
    Assistant Corp. Sec.













SU Stock - Frequently Asked Questions

Should I buy or sell Suncor Energy stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SU shares.
View SU analyst ratings
or view top-rated stocks.

What is Suncor Energy's stock price forecast for 2023?

10 Wall Street analysts have issued twelve-month target prices for Suncor Energy's shares. Their SU share price forecasts range from $38.00 to $60.00. On average, they anticipate the company's share price to reach $51.25 in the next twelve months. This suggests a possible upside of 55.9% from the stock's current price.
View analysts price targets for SU
or view top-rated stocks among Wall Street analysts.

How have SU shares performed in 2022?

Suncor Energy's stock was trading at $25.03 at the beginning of the year. Since then, SU stock has increased by 31.3% and is now trading at $32.87.
View the best growth stocks for 2022 here
.

Are investors shorting Suncor Energy?

Suncor Energy saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 28,660,000 shares, an increase of 85.4% from the October 31st total of 15,460,000 shares. Based on an average daily volume of 4,790,000 shares, the short-interest ratio is presently 6.0 days. Currently, 2.1% of the company's stock are short sold.
View Suncor Energy's Short Interest
.

When is Suncor Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our SU earnings forecast
.

How were Suncor Energy's earnings last quarter?

Suncor Energy Inc. (NYSE:SU) posted its earnings results on Sunday, May, 2nd. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.05. The oil and gas producer earned $6.82 billion during the quarter, compared to analysts' expectations of $6.30 billion. Suncor Energy had a trailing twelve-month return on equity of 27.23% and a net margin of 14.23%.

How often does Suncor Energy pay dividends? What is the dividend yield for Suncor Energy?

Suncor Energy declared a quarterly dividend on Wednesday, November 16th. Investors of record on Friday, December 2nd will be given a dividend of $0.3911 per share on Friday, December 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date is Thursday, December 1st. This is a positive change from the stock's previous quarterly dividend of $0.37.
Read our dividend analysis for SU
.

Is Suncor Energy a good dividend stock?

Suncor Energy (NYSE:SU) pays an annual dividend of $1.43 per share and currently has a dividend yield of 4.28%. SU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SU will have a dividend payout ratio of 29.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SU.

What other stocks do shareholders of Suncor Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Suncor Energy investors own include Intel (INTC), AT&T (T), Pfizer (PFE), Cisco Systems (CSCO), Walt Disney (DIS), Bank of America (BAC), Verizon Communications (VZ), Exxon Mobil (XOM), Johnson & Johnson (JNJ) and QUALCOMM (QCOM).

What is Suncor Energy's stock symbol?

Suncor Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "SU."

Who are Suncor Energy's major shareholders?

Suncor Energy's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.60%), Sanders Capital LLC (2.52%), TD Asset Management Inc. (2.09%), The Manufacturers Life Insurance Company (1.53%), Mackenzie Financial Corp (1.45%) and Artisan Partners Limited Partnership (1.14%).

How do I buy shares of Suncor Energy?

Shares of SU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Suncor Energy's stock price today?

One share of SU stock can currently be purchased for approximately $32.87.

How much money does Suncor Energy make?

Suncor Energy (NYSE:SU) has a market capitalization of $44.51 billion and generates $31.20 billion in revenue each year. The oil and gas producer earns $3.29 billion in net income (profit) each year or $4.36 on an earnings per share basis.

How many employees does Suncor Energy have?

The company employs 16,922 workers across the globe.

Does Suncor Energy have any subsidiaries?
The following companies are subsidiares of Suncor Energy: Petro-Canada, Suncor Energy (U.S.A.) Inc., Suncor Energy (U.S.A.) Marketing Inc., Suncor Energy Marketing Inc., Suncor Energy Oil Sands Limited Partnership, Suncor Energy Products Partnership, Suncor Energy UK Limited, Suncor Energy Ventures Corporation, Suncor Energy Ventures Partnership, and Syncrude.
Read More
How can I contact Suncor Energy?

Suncor Energy's mailing address is 150 - 6TH AVENUE S.W., CALGARY A0, T2P 3E3. The official website for the company is www.suncor.com. The oil and gas producer can be reached via phone at (403) 296-8000, via email at invest@suncor.com, or via fax at 403-296-3030.

This page (NYSE:SU) was last updated on 12/1/2022 by MarketBeat.com Staff