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NYSE:SU

Suncor Energy - SU Stock Forecast, Price & News

$33.06
-0.38 (-1.14%)
(As of 11/30/2022 01:15 PM ET)
Add
Compare
Today's Range
$32.75
▼
$34.23
50-Day Range
$26.65
▼
$37.02
52-Week Range
$22.22
▼
$42.72
Volume
276,600 shs
Average Volume
4.33 million shs
Market Capitalization
$44.76 billion
P/E Ratio
7.58
Dividend Yield
4.19%
Price Target
$51.33

Suncor Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
56.2% Upside
$51.33 Price Target
Short Interest
Bearish
2.11% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-9.89
Upright™ Environmental Score
News Sentiment
0.38mentions of Suncor Energy in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-21.76%
From $6.25 to $4.89 Per Share

Overall MarketRank™

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

2.33 out of 5 stars

Oils/Energy Sector

105th out of 245 stocks

Petroleum Refining Industry

11th out of 20 stocks

See Top Rated MarketRank™ Stocks Here
SU stock logo

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.

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SU Stock News Headlines

November 30, 2022 | fool.ca
Better Buy: Suncor Energy Stock or Canadian Natural Resources
November 29, 2022 | msn.com
Suncor Energy Stock: Should You Buy the Dip?
November 30, 2022 | Investing Trends (Ad)
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November 29, 2022 | finance.yahoo.com
Suncor Energy Announces 2023 Production Outlook and Capital Program
November 29, 2022 | americanbankingnews.com
Suncor Energy Inc. (SU) To Go Ex-Dividend on December 1st
November 29, 2022 | americanbankingnews.com
Suncor Energy Inc. (NYSE:SU) Receives $51.73 Average Price Target from Analysts
November 25, 2022 | finance.yahoo.com
Assessing Steven Cohen's Suncor Exit
November 22, 2022 | msn.com
Suncor Energy Stock up 43%: Is it Time to Sell?
November 30, 2022 | Investing Trends (Ad)
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November 22, 2022 | americanbankingnews.com
Zacks Research Equities Analysts Lower Earnings Estimates for Suncor Energy Inc. (NYSE:SU)
November 21, 2022 | seekingalpha.com
Suncor Energy: Oil Sand Turnaround Story
November 18, 2022 | seekingalpha.com
Suncor Energy: Total Combined Yield Of 12.9%
November 17, 2022 | finance.yahoo.com
Schneider Electric-Backed Venture Firm to Launch $520 Million Fund
November 11, 2022 | finance.yahoo.com
Suncor (SU) Shares Rise 5% Since Q3 Earnings & Sales Beat
November 11, 2022 | seekingalpha.com
Suncor Energy: Leveling Up In 2023 And Offsetting Any Recession
November 10, 2022 | seekingalpha.com
Is Suncor Energy Stock A Buy After Earnings? Focus On Portfolio Restructuring And Capital Return
November 10, 2022 | seekingalpha.com
Suncor Energy Q3: Poised To Break Out
November 8, 2022 | msn.com
Suncor stock to retrace 52-week high, Raymond James hikes price target
November 7, 2022 | seekingalpha.com
Cenovus Energy: Explosive Dividend Growth
November 3, 2022 | msn.com
TSX Flat After Hawkish Fed; Suncor Profits Double; Lightspeed Revenue Up 38%
November 3, 2022 | ca.finance.yahoo.com
Suncor posts net loss, $3.4-billion writedown on Fort Hills acquisition
November 3, 2022 | msn.com
Factbox: North Asia gears up for peak winter energy demand season
November 2, 2022 | reuters.com
Environmental justice groups ask to join Suncor's air pollution lawsuit v. Colo.
October 31, 2022 | benzinga.com
Floating Production Systems (FPS) Market Size in the Americas to Grow by USD 22.73 Bn, Increase in the Demand for Energy to Drive Growth - Technavio
October 28, 2022 | seekingalpha.com
Suncor to buy additional stake in Fort Hills project from Teck in C$1B deal
October 27, 2022 | finanznachrichten.de
Suncor Energy Inc.: Suncor Energy to Release Third Quarter 2022 Financial Results
October 27, 2022 | finance.yahoo.com
Suncor Energy to Release Third Quarter 2022 Financial Results
See More Headlines
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SU Company Calendar

Last Earnings
5/02/2021
Ex-Dividend for 9/26 Dividend
9/01/2022
Dividend Payable
9/26/2022
Today
11/30/2022
Ex-Dividend for 12/23 Dividend
12/01/2022
Dividend Payable
12/23/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/01/2023
Get Stock Alerts

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
16,922
Year Founded
1917

Price Target and Rating

Average Stock Price Forecast
$51.25
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+55.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.36
Trailing P/E Ratio
7.58
Forward P/E Ratio
5.29
P/E Growth
0.61
Net Income
$3.29 billion
Net Margins
14.23%
Pretax Margin
19.53%
Return on Equity
27.23%
Return on Assets
12.23%

Debt

Debt-to-Equity Ratio
0.35
Current Ratio
1.26
Quick Ratio
0.91

Sales & Book Value

Annual Sales
$31.20 billion
Price / Sales
1.43
Cash Flow
$5.14 per share
Price / Cash Flow
6.43
Book Value
$21.60 per share
Price / Book
1.53

Miscellaneous

Outstanding Shares
1,353,990,000
Free Float
1,340,446,000
Market Cap
$44.76 billion
Optionable
Optionable
Beta
1.31

Social Links


Key Executives

  • Mr. Kristopher P. SmithMr. Kristopher P. Smith
    CEO & Interim Pres
  • Mr. Alister Cowan
    Chief Financial Officer
  • Mr. Bruno Y. Francoeur
    Exec. VP of Bus. & Operations Services
  • Mr. Trevor Bell
    VP of Investor Relations
  • Ms. Arlene Joyce Strom
    Chief Sustainability Officer, Gen. Counsel & Corp. Sec.
  • Mr. Paul Douglas Gardner
    Chief People Officer
  • Ms. Shelley Powell
    Sr. VP of Exploration & Production and In Situ
  • Mr. Peter Zebedee
    Exec. VP of Mining & Upgrading
  • Mr. Shawn Paul Poirier
    Assistant Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SU Stock - Frequently Asked Questions

Should I buy or sell Suncor Energy stock right now?

10 Wall Street 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 analysts is that investors should "buy" SU shares.
View SU analyst ratings or view top-rated stocks.

What is Suncor Energy's stock price forecast for 2023?

10 Wall Street 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 expect the company's share price to reach $51.33 in the next twelve months. This suggests a possible upside of 53.5% 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 2022?

Suncor Energy's stock was trading at $25.03 at the beginning of the year. Since then, SU shares have increased by 33.6% and is now trading at $33.44.
View the best growth stocks for 2022 here.

Are investors shorting Suncor Energy?

Suncor Energy saw a increase in short interest in 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 trading volume, of 4,790,000 shares, the days-to-cover ratio is currently 6.0 days. Approximately 2.1% of the company's 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 Wednesday, February 1st 2023.
View our SU earnings forecast.

How were Suncor Energy's earnings last quarter?

Suncor Energy Inc. (NYSE:SU) issued its quarterly earnings data on Sunday, May, 2nd. The oil and gas producer reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.05. The oil and gas producer had revenue of $6.82 billion for the quarter, compared to analysts' expectations of $6.30 billion. Suncor Energy had a net margin of 14.23% and a trailing twelve-month return on equity of 27.23%.

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

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 yield of 4.68%. The ex-dividend date of this dividend is Thursday, December 1st. This is a positive change from the stock's previous quarterly dividend of $0.37.
Read our dividend analysis for SU.

Is Suncor Energy a good dividend stock?

Suncor Energy (NYSE:SU) pays an annual dividend of $1.43 per share and currently has a dividend yield of 4.18%. 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 32.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SU will have a dividend payout ratio of 29.24% 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."

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. (3.60%), 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%).

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 $33.44.

How much money does Suncor Energy make?

Suncor Energy (NYSE:SU) has a market capitalization of $45.28 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.

How many employees does Suncor Energy have?

The company employs 16,922 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 11/30/2022 by MarketBeat.com Staff