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NYSE:SU

Suncor Energy (SU) Stock Price, News & Analysis

$39.85
-0.24 (-0.60%)
(As of 05/20/2024 ET)
Today's Range
$39.77
$40.26
50-Day Range
$35.02
$40.14
52-Week Range
$27.59
$40.69
Volume
2.00 million shs
Average Volume
4.10 million shs
Market Capitalization
$51.24 billion
P/E Ratio
8.88
Dividend Yield
4.04%
Price Target
$52.00

Suncor Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
30.5% Upside
$52.00 Price Target
Short Interest
Healthy
1.21% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-9.89
Upright™ Environmental Score
News Sentiment
1.46mentions of Suncor Energy in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.27%
From $3.77 to $3.78 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.

4.51 out of 5 stars

Oils/Energy Sector

19th out of 239 stocks

Petroleum Refining Industry

2nd out of 16 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

Suncor Energy Sees Unusually High Options Volume (NYSE:SU)
Suncor Energy (NYSE:SU) Upgraded to Buy at StockNews.com
Is Now the Time to Buy Suncor Stock?
These stocks are driving TSX returns this year
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
5/20/2024
Ex-Dividend for 6/25 Dividend
6/04/2024
Dividend Payable
6/25/2024
Next Earnings (Estimated)
8/12/2024
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
+30.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$6.14 billion
Pretax Margin
19.79%

Debt

Sales & Book Value

Annual Sales
$37.59 billion
Cash Flow
$7.48 per share
Book Value
$24.84 per share

Miscellaneous

Outstanding Shares
1,285,840,000
Free Float
1,272,980,000
Market Cap
$51.24 billion
Optionable
Optionable
Beta
1.11

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Key Executives

  • Mr. Richard M. Kruger (Age 64)
    President, CEO & Director
    Comp: $1.92M
  • Mr. Kristopher P. SmithMr. Kristopher P. Smith
    Chief Financial Officer
  • Ms. Shelley Powell
    Senior VP of Operational Improvement & Support Services
  • Mr. Peter D. Zebedee
    Executive Vice President of Oil Sands
  • Mr. David Oldreive
    Executive Vice President of Downstream
  • 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
  • Mr. Arnel Lamco Santos (Age 52)
    Senior Vice President of Refining & Logistics

SU Stock Analysis - Frequently Asked Questions

Should I buy or sell Suncor Energy stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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?

7 brokers have issued twelve-month target prices for Suncor Energy's shares. Their SU share price targets range from $49.00 to $54.00. On average, they expect the company's stock price to reach $52.00 in the next twelve months. This suggests a possible upside of 30.5% 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 beginning of the year. Since then, SU shares have increased by 24.4% and is now trading at $39.85.
View the best growth stocks for 2024 here
.

Are investors shorting Suncor Energy?

Suncor Energy saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 15,870,000 shares, a decline of 18.7% from the March 31st total of 19,530,000 shares. Based on an average daily volume of 4,350,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 1.2% 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, August 12th 2024.
View our SU earnings forecast
.

How were Suncor Energy's earnings last quarter?

Suncor Energy Inc. (NYSE:SU) posted its quarterly earnings results on Wednesday, February, 21st. The oil and gas producer reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.13. The oil and gas producer had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.46 billion. Suncor Energy had a trailing twelve-month return on equity of 15.69% and a net margin of 15.38%. During the same quarter in the previous year, the company 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 Tuesday, May 7th. Stockholders of record on Tuesday, June 4th will be paid a dividend of $0.395 per share on Tuesday, June 25th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Tuesday, June 4th.
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 4.00%. SU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SU will have a dividend payout ratio of 42.59% 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 investors include Vanguard Group Inc. (3.98%), TD Asset Management Inc (2.22%), 1832 Asset Management L.P. (1.72%), Price T Rowe Associates Inc. MD (1.44%), Toronto Dominion Bank (1.37%) and Canada Pension Plan Investment Board (0.70%).

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 5/21/2024 by MarketBeat.com Staff

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