Suncor Energy - SU Stock Forecast, Price & News

10 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 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SU shares.
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10 equities research analysts have issued 12 month price objectives for Suncor Energy's shares. Their SU share price forecasts range from $38.00 to $60.00. On average, they predict the company's share price to reach $51.25 in the next year. This suggests a possible upside of 71.4% from the stock's current price.
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Suncor Energy's stock was trading at $25.03 on January 1st, 2022. Since then, SU stock has increased by 19.5% and is now trading at $29.90.
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Suncor Energy saw a increase in short interest in 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 days-to-cover ratio is currently 6.0 days. Approximately 2.1% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our SU earnings forecast.

Suncor Energy Inc. (NYSE:SU) released its earnings results on Wednesday, November, 2nd. The oil and gas producer reported $1.44 EPS for the quarter, beating the consensus estimate of $1.40 by $0.04. The oil and gas producer earned $11.54 billion during the quarter, compared to analysts' expectations of $9.74 billion. Suncor Energy had a net margin of 14.23% and a trailing twelve-month return on equity of 27.23%.

Suncor Energy declared a quarterly dividend on Wednesday, November 16th. Stockholders of record on Friday, December 2nd will be paid a dividend of $0.3911 per share on Friday, December 23rd. This represents a $1.56 annualized dividend and a dividend yield of 5.23%. The ex-dividend date is Thursday, December 1st. This is an increase from the stock's previous quarterly dividend of $0.37.
Read our dividend analysis for SU.

Suncor Energy (NYSE:SU) pays an annual dividend of $1.55 per share and currently has a dividend yield of 5.21%. 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 35.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SU will have a dividend payout ratio of 33.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SU.

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).

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

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%).

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.
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One share of SU stock can currently be purchased for approximately $29.90.

Suncor Energy (NYSE:SU) has a market capitalization of $40.35 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.

The company employs 16,922 workers across the globe.

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.