S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
NYSE:SU

Suncor Energy (SU) Stock Price, News & Analysis

$37.69
-0.67 (-1.75%)
(As of 04/12/2024 ET)
Today's Range
$37.45
$38.93
50-Day Range
$31.52
$39.31
52-Week Range
$27.59
$39.32
Volume
5.33 million shs
Average Volume
3.72 million shs
Market Capitalization
$48.52 billion
P/E Ratio
8.02
Dividend Yield
4.27%
Price Target
$52.00

Suncor Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
38.0% Upside
$52.00 Price Target
Short Interest
Healthy
1.51% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-9.89
Upright™ Environmental Score
News Sentiment
0.58mentions of Suncor Energy in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-0.83%
From $3.63 to $3.60 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.22 out of 5 stars

Oils/Energy Sector

44th out of 247 stocks

Petroleum Refining Industry

5th out of 17 stocks

SU stock logo

About Suncor Energy Stock (NYSE:SU)

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.

SU Stock Price History

SU Stock News Headlines

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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Short Interest in Suncor Energy Inc. (NYSE:SU) Drops By 49.2%
Bitcoin Rockets To Record High But Buy THIS Instead
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Trans Mountain pipeline on track to start May 1
CIBC Keeps Their Hold Rating on MEG Energy (MEGEF)
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Ex-Dividend for 3/25 Dividend
3/01/2024
Dividend Payable
3/25/2024
Today
4/14/2024
Next Earnings (Estimated)
5/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
N/A
Employees
14,906
Year Founded
1917

Price Target and Rating

Average Stock Price Target
$52.00
High Stock Price Target
$54.00
Low Stock Price Target
$49.00
Potential Upside/Downside
+38.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$6.14 billion
Pretax Margin
20.87%

Debt

Sales & Book Value

Annual Sales
$37.59 billion
Cash Flow
$7.52 per share
Book Value
$24.84 per share

Miscellaneous

Outstanding Shares
1,287,250,000
Free Float
1,274,381,000
Market Cap
$48.52 billion
Optionable
Optionable
Beta
1.13

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Key Executives

  • Mr. Kristopher P. SmithMr. Kristopher P. Smith
    Chief Financial Officer
  • Mr. Peter D. Zebedee
    Executive Vice President of Oil Sands
  • Mr. Richard M. Kruger (Age 64)
    President, CEO & Director
  • Troy Little
    Vice President of IR
  • Ms. Jacqueline S. Moore
    General Counsel & Corporate Secretary
  • Mr. Kent Ferguson
    Senior Vice President of Strategy, Sustainability & Corporate Development
  • Ms. Karen L. Keegans (Age 58)
    Chief Human Resources Officer
  • Ms. Shelley Powell
    Senior VP of Operational Improvement & Support Services
  • Mr. Arnel Lamco Santos (Age 52)
    Senior Vice President of Refining & Logistics
  • Mr. Dave Oldreive
    Executive Vice President of Downstream

Should I Buy Suncor Energy Stock? SU Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Suncor Energy Inc.:

  • Suncor Energy Inc. operates as an integrated energy company in Canada, the United States, and internationally, providing diversification in its operations.
  • Suncor Energy Inc. has a long history, founded in 1917, which indicates stability and experience in the industry.
  • Suncor Energy Inc. has a strong focus on oil sands and exploration, which can lead to potential growth opportunities.
  • Suncor Energy Inc. has a solid financial position, which can provide investors with confidence in the company's stability.
  • The current stock price of Suncor Energy Inc. is favorable for investors looking for potential value opportunities.

Cons

Investors should be bearish about investing in Suncor Energy Inc. for these reasons:

  • Suncor Energy Inc. faces risks associated with the energy sector, including volatility in oil prices and regulatory challenges.
  • Competition in the energy industry can impact Suncor Energy Inc.'s market share and profitability.
  • Environmental concerns related to oil sands operations may pose long-term risks for Suncor Energy Inc.
  • Global economic conditions and geopolitical factors can influence Suncor Energy Inc.'s performance and stock price.
  • Changes in government policies and regulations can affect Suncor Energy Inc.'s operations and profitability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, April 9, 2024. Please send any questions or comments about these Suncor Energy pros and cons to contact@marketbeat.com.

SU Stock Analysis - Frequently Asked Questions

Should I buy or sell Suncor Energy stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SU shares.
View SU analyst ratings
or view top-rated stocks.

What is Suncor Energy's stock price target for 2024?

8 Wall Street analysts have issued 12-month price objectives for Suncor Energy's stock. Their SU share price targets range from $49.00 to $54.00. On average, they predict the company's stock price to reach $52.00 in the next year. This suggests a possible upside of 38.0% 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 2024?

Suncor Energy's stock was trading at $32.04 at the start of the year. Since then, SU shares have increased by 17.6% and is now trading at $37.69.
View the best growth stocks for 2024 here
.

Are investors shorting Suncor Energy?

Suncor Energy saw a drop in short interest in March. As of March 31st, there was short interest totaling 19,530,000 shares, a drop of 49.2% from the March 15th total of 38,470,000 shares. Based on an average trading volume of 4,260,000 shares, the short-interest ratio is presently 4.6 days. Currently, 1.5% of the shares of the 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 Monday, May 13th 2024.
View our SU earnings forecast
.

How were Suncor Energy's earnings last quarter?

Suncor Energy Inc. (NYSE:SU) announced its quarterly earnings data on Wednesday, February, 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.13. The oil and gas producer earned $10.39 billion during the quarter, compared to analyst estimates of $8.46 billion. Suncor Energy had a trailing twelve-month return on equity of 16.08% and a net margin of 16.33%. During the same period in the prior year, the firm earned $1.33 EPS.

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

Suncor Energy declared a quarterly dividend on Wednesday, February 21st. Shareholders of record on Monday, March 4th will be given a dividend of $0.406 per share on Monday, March 25th. This represents a $1.62 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Friday, March 1st. This is a positive change from the stock's previous quarterly dividend of $0.39.
Read our dividend analysis for SU
.

Is Suncor Energy a good dividend stock?

Suncor Energy (NYSE:SU) pays an annual dividend of $1.61 per share and currently has a dividend yield of 4.26%. 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 34.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SU will have a dividend payout ratio of 44.72% 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).

Who are Suncor Energy's major shareholders?

Suncor Energy's stock is owned by many different retail and institutional investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.29%), ARGA Investment Management LP (0.12%), Nexus Investment Management ULC (0.05%), Guinness Asset Management LTD (0.04%), Miller Howard Investments Inc. NY (0.02%) and IMC Chicago LLC (0.00%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:SU) was last updated on 4/14/2024 by MarketBeat.com Staff

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