Suncor Energy - SU Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last twelve months. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SU shares.
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14 equities research analysts have issued 12 month price objectives for Suncor Energy's stock. Their SU share price forecasts range from $38.00 to $63.00. On average, they predict the company's share price to reach $50.54 in the next twelve months. This suggests a possible upside of 67.5% from the stock's current price.
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Suncor Energy's stock was trading at $25.03 at the start of the year. Since then, SU stock has increased by 20.6% and is now trading at $30.18.
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Suncor Energy saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 60,470,000 shares, a decrease of 13.7% from the August 31st total of 70,050,000 shares. Based on an average daily trading volume, of 6,150,000 shares, the short-interest ratio is presently 9.8 days. Approximately 4.5% 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, October 26th 2022.
View our SU earnings forecast.

Suncor Energy Inc. (NYSE:SU) issued its quarterly earnings results on Thursday, August, 4th. The oil and gas producer reported $2.12 EPS for the quarter, beating the consensus estimate of $1.74 by $0.38. The oil and gas producer earned $12.70 billion during the quarter, compared to analysts' expectations of $9.90 billion. Suncor Energy had a trailing twelve-month return on equity of 23.51% and a net margin of 18.33%.

Suncor Energy declared a quarterly dividend on Monday, August 8th. Investors of record on Friday, September 2nd will be paid a dividend of $0.3656 per share on Monday, September 26th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Thursday, September 1st. This is a boost from the stock's previous quarterly dividend of $0.36.
Read our dividend analysis for SU.

Suncor Energy (NYSE:SU) pays an annual dividend of $1.43 per share and currently has a dividend yield of 5.08%. SU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 27.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SU will have a dividend payout ratio of 27.24% 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."

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 $30.18.

Suncor Energy (NYSE:SU) has a market capitalization of $41.24 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 $5.17 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.