NYSE:SU

Suncor Energy (SU) Stock Forecast, Price & News

$34.38

-0.84 (-2.39%)

(As of 09/29/2023 ET)

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Today's Range: $34.32
▼
$35.36
50-Day Range: $29.49
▼
$35.22
52-Week Range: $27.59
▼
$37.23

Volume: 4.36 million shs
Average Volume: 4.70 million shs
Market Capitalization: $44.68 billion

P/E Ratio: 10.20
Dividend Yield: 4.48%
Price Target: $43.25

Suncor Energy MarketRank™ Forecast

Analyst Rating: Hold
2.38 Rating Score
Upside/Downside: 25.8% Upside
$43.25 Price Target
Short Interest: Healthy
1.99% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -9.89
Upright™ Environmental Score
News Sentiment: 0.66
Based on 18 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 0.56%
From $3.54 to $3.56 Per Share

Overall MarketRank^™

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

3.04 out of 5 stars

Oils/Energy Sector

18th out of 247 stocks

Petroleum Refining Industry

3rd out of 17 stocks

4.2

Analyst's Opinion

Consensus Rating
Suncor Energy has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 3 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $43.25, Suncor Energy has a forecasted upside of 25.8% from its current price of $34.38.
Amount of Analyst Coverage
Suncor Energy has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.99% of the float of Suncor Energy has been sold short.
Short Interest Ratio / Days to Cover
Suncor Energy has a short interest ratio ("days to cover") of 5.4.
Change versus previous month
Short interest in Suncor Energy has recently decreased by 72.62%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Suncor Energy is a leading dividend payer. It pays a dividend yield of 4.38%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Suncor Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Suncor Energy is 45.70%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Suncor Energy will have a dividend payout ratio of 43.26% next year. This indicates that Suncor Energy will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Suncor Energy has received a -185.76% net impact score from Upright. The largest negative impact of Suncor Energy in category "GHG emissions" seems to be driven mostly by its "Oil sand", "Retail of diesel", "Retail of gasoline", and "Gasoline" products. See details.
Environmental Sustainability
The Environmental Impact score for Suncor Energy is -9.89.

2.6

News and Social Media Coverage

News Sentiment
Suncor Energy has a news sentiment score of 0.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 18 news articles for Suncor Energy this week, compared to 8 articles on an average week.
Search Interest
Only 26 people have searched for SU on MarketBeat in the last 30 days. This is a decrease of -37% compared to the previous 30 days.
MarketBeat Follows
17 people have added Suncor Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 70% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Suncor Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Suncor Energy is held by insiders.
Percentage Held by Institutions
60.25% of the stock of Suncor Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Suncor Energy are expected to grow by 0.56% in the coming year, from $3.54 to $3.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Suncor Energy is 10.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of Suncor Energy is 10.20, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.79.
Price to Earnings Growth Ratio
Suncor Energy has a PEG Ratio of 0.83. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Suncor Energy has a P/B Ratio of 1.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

SU Price History

30 days | 90 days | 365 days | Advanced Chart

SU Stock News Headlines

September 29, 2023 | msn.com

Here’s How Suncor Stock Could Really Energize Your Portfolio

September 29, 2023 | finanznachrichten.de

Suncor Energy Inc.: Suncor Energy Announces Changes to Board of Directors

September 29, 2023 | Chaikin Analytics (Ad)

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September 28, 2023 | finance.yahoo.com

Indigenous Relations at Suncor- 2023 Report on Sustainability

September 28, 2023 | americanbankingnews.com

Zacks Research Research Analysts Increase Earnings Estimates for Suncor Energy Inc. (NYSE:SU)

September 27, 2023 | americanbankingnews.com

Zacks Research Comments on Suncor Energy Inc.'s FY2023 Earnings (NYSE:SU)

September 26, 2023 | finance.yahoo.com

The Art of Relationships at Suncor

September 22, 2023 | americanbankingnews.com

Suncor Energy Inc. (NYSE:SU) Given Consensus Rating of "Hold" by Brokerages

September 29, 2023 | Behind the Markets (Ad)

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September 21, 2023 | msn.com

Oil’s Getting Expensive, but These 2 TSX Energy Stocks Look Cheap

September 21, 2023 | americanbankingnews.com

Traders Buy High Volume of Suncor Energy Put Options (NYSE:SU)

September 19, 2023 | msn.com

MPs want to hear from Suncor CEO in parliamentary committee

September 19, 2023 | americanbankingnews.com

Suncor Energy (NYSE:SU) Cut to Hold at Desjardins

September 13, 2023 | msn.com

Suncor Energy: Ride The Potential Global Oil Price Spike

September 13, 2023 | seekingalpha.com

Suncor Energy: Ride The Potential Global Oil Price Spike

September 13, 2023 | finance.yahoo.com

Suncor Energy (SU) Up 11.6% Since Last Earnings Report: Can It Continue?

September 12, 2023 | finanznachrichten.de

Suncor Energy: Suncor's Teepee Donations Strengthen Community Connections

September 12, 2023 | finance.yahoo.com

Suncor’s Teepee Donations Strengthen Community Connections

September 9, 2023 | msn.com

Is Suncor Stock Still Cheap?

September 7, 2023 | finance.yahoo.com

Suncor refineries reach new EPA settlement over gasoline, agrees to buy electric lawn equipment

September 7, 2023 | cbsnews.com

Suncor reaches $160K settlement with Environmental Protection Agency over air violations in Commerce

September 5, 2023 | finance.yahoo.com

Suncor Energy Announces Changes to Board of Directors

September 1, 2023 | ca.finance.yahoo.com

Jack Mintz: Ottawa should copy, not criticize Suncor, and start delivering

August 31, 2023 | msn.com

Is Suncor Stock a Buy in September 2023?

August 31, 2023 | msn.com

Why is Suncor Energy (SU) Moving Higher? Just Ask the Giants.

August 31, 2023 | finance.yahoo.com

The Zacks Analyst Blog Highlights Apple, Broadcom, Caterpillar, Suncor Energy and STERIS

August 30, 2023 | msn.com

Federal minister's Suncor criticism shows 'utter contempt' for Alberta: Premier Danielle Smith

See More Headlines

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SU Company Calendar

Last Earnings: 8/14/2023
Ex-Dividend for 9/25 Dividend: 8/31/2023
Dividend Payable: 9/25/2023
Today: 9/29/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Petroleum refining
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:SU
CUSIP: N/A
CIK: 311337
Web: www.suncor.com
Phone: (403) 296-8000
Fax: 403-296-3030
Employees: 16,558
Year Founded: 1917

Price Target and Rating

Average Stock Price Forecast: $52.50
High Stock Price Forecast: $57.00
Low Stock Price Forecast: $49.00
Forecasted Upside/Downside: +25.5%
Consensus Rating: Hold
Rating Score (0-4): 2.38
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.37
Trailing P/E Ratio: 10.23
Forward P/E Ratio: 9.73
P/E Growth: 0.83
Net Income: $6.98 billion
Net Margins: 11.30%
Pretax Margin: 15.06%
Return on Equity: 20.19%
Return on Assets: 9.42%

Debt

Debt-to-Equity Ratio: 0.24
Current Ratio: 1.18
Quick Ratio: 0.76

Sales & Book Value

Annual Sales: $44.97 billion
Price / Sales: 1.00
Cash Flow: $11.49 per share
Price / Cash Flow: 3.00
Book Value: $22.64 per share
Price / Book: 1.52

Miscellaneous

Outstanding Shares: 1,299,570,000
Free Float: 1,286,578,000
Market Cap: $44.78 billion
Optionable: Optionable
Beta: 1.27

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Key Executives

Mr. Kristopher P. Smith
Exec. VP of Corp. Devel. & CFO

Mr. Alister Cowan
Exec. Officer

Ms. Arlene Joyce Strom
Chief Sustainability Officer

Mr. Peter D. Zebedee
Exec. VP of Oil Sands

Mr. Richard M. Kruger (Age 63)
Pres, CEO & Director

Troy Little
VP of IR

Ms. Jacqueline S. Moore
Chief Legal Officer, Gen. Counsel & Corp. Sec.

Ms. Karen L. Keegans (Age 57)
Chief HR Officer

Ms. Shelley Powell
Sr. VP of Operational Improvement & Support Services

Mr. Arnel Lamco Santos (Age 51)
Sr. VP of Refining & Logistics

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SU Stock - 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 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SU, but not buy additional shares or sell existing shares.
View SU analyst ratings or view top-rated stocks.
What is Suncor Energy's stock price forecast for 2023?: 8 analysts have issued 1-year price targets for Suncor Energy's shares. Their SU share price forecasts range from $49.00 to $57.00. On average, they predict the company's share price to reach $52.50 in the next twelve months. This suggests a possible upside of 52.4% 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 2023?: Suncor Energy's stock was trading at $31.73 at the start of the year. Since then, SU stock has increased by 8.6% and is now trading at $34.46.
View the best growth stocks for 2023 here.
Are investors shorting Suncor Energy?: Suncor Energy saw a drop in short interest in September. As of September 15th, there was short interest totaling 25,860,000 shares, a drop of 72.6% from the August 31st total of 94,460,000 shares. Based on an average daily trading volume, of 4,750,000 shares, the short-interest ratio is currently 5.4 days. Currently, 2.0% of the shares of the company 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, November 1st 2023.
View our SU earnings forecast.
How were Suncor Energy's earnings last quarter?: Suncor Energy Inc. (NYSE:SU) posted its quarterly earnings data on Monday, August, 14th. The oil and gas producer reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.12. The oil and gas producer had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $7.89 billion. Suncor Energy had a trailing twelve-month return on equity of 20.19% and a net margin of 11.30%.
How often does Suncor Energy pay dividends? What is the dividend yield for Suncor Energy?: Suncor Energy declared a quarterly dividend on Monday, August 14th. Investors of record on Friday, September 1st will be given a dividend of $0.393 per share on Monday, September 25th. This represents a $1.57 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Thursday, August 31st. This is a positive change from the stock's previous quarterly dividend of $0.38.
Read our dividend analysis for SU.
What ETFs hold Suncor Energy's stock?: ETFs with the largest weight of Suncor Energy (NYSE:SU) stock in their portfolio include iShares North American Natural Resources ETF (IGE), SPDR S&P North American Natural Resources ETF (NANR) and SPDR S&P Kensho Intelligent Structures ETF (SIMS).SPDR S&P Global Natural Resources ETF (GNR).

Is Suncor Energy a good dividend stock?: Suncor Energy (NYSE:SU) pays an annual dividend of $1.54 per share and currently has a dividend yield of 4.38%. SU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 45.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SU will have a dividend payout ratio of 43.26% 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."
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 $34.46.
How much money does Suncor Energy make?: Suncor Energy (NYSE:SU) has a market capitalization of $44.78 billion and generates $44.97 billion in revenue each year. The oil and gas producer earns $6.98 billion in net income (profit) each year or $3.37 on an earnings per share basis.
How many employees does Suncor Energy have?: The company employs 16,558 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 9/29/2023 by MarketBeat.com Staff

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