NYSE:SU

Suncor Energy - SU Stock Forecast, Price & News

$29.72

+0.95 (+3.30%)

(As of 03/20/2023 12:00 AM ET)

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Today's Range: $28.70
▼
$29.87
50-Day Range: $28.77
▼
$35.30
52-Week Range: $26.42
▼
$42.72

Volume: 4.32 million shs
Average Volume: 5.29 million shs
Market Capitalization: $39.57 billion

P/E Ratio: 5.93
Dividend Yield: 5.11%
Price Target: $53.89

Institutional Ownership

Suncor Energy MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 81.3% Upside
$53.89 Price Target
Short Interest: Bearish
7.25% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -9.89
Upright™ Environmental Score
News Sentiment: 0.53
Based on 10 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.68%
From $4.03 to $4.38 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

96th out of 243 stocks

Petroleum Refining Industry

10th out of 18 stocks

3.2

Analyst's Opinion

Consensus Rating
Suncor Energy has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $53.89, Suncor Energy has a forecasted upside of 81.3% from its current price of $29.72.
Amount of Analyst Coverage
Suncor Energy has only been the subject of 2 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
7.25% 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 20.5, which indicates bearish sentiment.
Change versus previous month
Short interest in Suncor Energy has recently increased by 78.91%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Suncor Energy is a leading dividend payer. It pays a dividend yield of 5.30%, 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 30.34%. 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 34.70% 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.

2.0

News and Social Media Coverage

News Sentiment
Suncor Energy has a news sentiment score of 0.53. 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 10 news articles for Suncor Energy this week, compared to 7 articles on an average week.
Search Interest
Only 123 people have searched for SU on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days.
MarketBeat Follows
Only 12 people have added Suncor Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days.

0.8

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
58.04% of the stock of Suncor Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Suncor Energy are expected to grow by 8.68% in the coming year, from $4.03 to $4.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Suncor Energy is 5.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of Suncor Energy is 5.93, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 57.78.
Price to Earnings Growth Ratio
Suncor Energy has a PEG Ratio of 0.60. 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 1.31. 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.

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SU Stock News Headlines

March 21, 2023 | finance.yahoo.com

Suncor (SU) Grants More Time to Elliott for Appointing Director

March 19, 2023 | americanbankingnews.com

Suncor Energy (NYSE:SU) Earns Hold Rating from Analysts at StockNews.com

March 21, 2023 | Health Sector Insight (Ad)

Penny Stock Shows Big Potential

The $4.37 trillion wellness market and the little-known penny stock to get on radar now.

March 17, 2023 | fool.ca

Does a Dividend Yield of 4.5% Make Suncor Stock a Buy in 2023?

March 17, 2023 | theglobeandmail.com

Suncor gives Elliott Investment Management more time to add another director to board

March 17, 2023 | seekingalpha.com

Suncor extends time for Elliott to add board director

March 15, 2023 | marketwatch.com

Suncor Energy Inc. stock falls Wednesday, underperforms market

March 13, 2023 | marketwatch.com

Suncor Energy Inc. stock falls Monday, underperforms market

March 21, 2023 | Health Sector Insight (Ad)

Penny Stock Shows Big Potential

The $4.37 trillion wellness market and the little-known penny stock to get on radar now.

March 13, 2023 | finance.yahoo.com

Here’s Why Suncor Energy (SU) Outperformed in Q4

March 10, 2023 | msn.com

Factbox: Energy firms bet big on carbon capture projects in U.S., Canada

March 3, 2023 | finanznachrichten.de

Suncor Energy: Education Co-Lead for Mosaic, Suncor's Black Employee Network, Drives Efforts To Promote Knowledge of Black History

March 3, 2023 | finance.yahoo.com

Education Co-Lead for Mosaic, Suncor’s Black Employee Network, Drives Efforts To Promote Knowledge of Black History

March 3, 2023 | finance.yahoo.com

UPDATE 1-Norway's Equinor buys Suncor Energy UK in $850 mln deal

March 1, 2023 | finance.yahoo.com

Top Dividend Stocks: Suncor Shimmers With Solid Yield After Record Year

March 1, 2023 | finanznachrichten.de

Suncor Energy: Suncor Sustainability Specialist Shares His Experience From COP15, the UN Convention on Biological Diversity

March 1, 2023 | reuters.com

Pipeline operator Enbridge to invest $2.4 bln in infrastructure, renewable energy

March 1, 2023 | msn.com

Equinor nears deal to buy Suncor's U.K. oilfields - report

February 27, 2023 | finance.yahoo.com

Suncor Sustainability Specialist Shares His Experience From COP15, the UN Convention on Biological Diversity

February 24, 2023 | nasdaq.com

Suncor Energy Breaks Below 200-Day Moving Average - Notable for SU

February 22, 2023 | baystreet.ca

Suncor Names Rich Kruger Its New President And CEO

February 21, 2023 | msn.com

Varcoe: 'Hit the ground running' — Rich Kruger back in Canadian oilsands, this time leading Suncor Energy

February 21, 2023 | msn.com

Suncor contains leak at Commerce City refinery amid efforts to restart Colorado facility

February 21, 2023 | marketwatch.com

Suncor Shares Rise 2.8% After Oil-Sands Veteran Rich Kruger Named CEO

February 21, 2023 | msn.com

Suncor taps ex-Imperial Oil boss Kruger as new President, CEO

February 21, 2023 | reuters.com

Suncor Energy names Rich Kruger as CEO

February 17, 2023 | msn.com

"Vapor leak" reported at Suncor refinery in Commerce City

See More Headlines

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SU Company Calendar

Last Earnings: 5/02/2021
Ex-Dividend for 12/23 Dividend: 12/01/2022
Dividend Payable: 12/23/2022
Ex-Dividend for 3/24 Dividend: 3/02/2023
Today: 3/21/2023
Dividend Payable: 3/24/2023
Next Earnings (Estimated): 5/08/2023
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: $53.89
High Stock Price Forecast: $60.00
Low Stock Price Forecast: $43.00
Forecasted Upside/Downside: +81.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.01
Trailing P/E Ratio: 5.93
Forward P/E Ratio: 7.37
P/E Growth: 0.6
Net Income: $6.98 billion
Net Margins: 15.55%
Pretax Margin: 21.07%
Return on Equity: 29.52%
Return on Assets: 13.47%

Debt

Debt-to-Equity Ratio: 0.25
Current Ratio: 1.13
Quick Ratio: 0.74

Sales & Book Value

Annual Sales: $44.97 billion
Price / Sales: 0.88
Cash Flow: $12.08 per share
Price / Cash Flow: 2.46
Book Value: $22.64 per share
Price / Book: 1.31

Miscellaneous

Outstanding Shares: 1,331,520,000
Free Float: 1,318,208,000
Market Cap: $39.57 billion
Optionable: Optionable
Beta: 1.27

Social Links

Key Executives

Kris P. Smith
Chief Executive Officer

Bruno Francoeur
Executive VP-Business & Operations Services

Alister Cowan
Chief Financial Officer & Executive Vice President

Michael R. MacSween
Executive Vice President-Mining & Upgrading

Steve Hogan
Senior VP-Supply Chain & Field 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?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last twelve months. There are currently 3 hold ratings and 3 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?: 6 brokers have issued 1-year price objectives for Suncor Energy's shares. Their SU share price forecasts range from $43.00 to $60.00. On average, they anticipate the company's share price to reach $53.89 in the next twelve months. This suggests a possible upside of 81.3% 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 beginning of 2023. Since then, SU stock has decreased by 6.3% and is now trading at $29.72.
View the best growth stocks for 2023 here.
Are investors shorting Suncor Energy?: Suncor Energy saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 54,330,000 shares, an increase of 460.7% from the January 31st total of 9,690,000 shares. Based on an average daily trading volume, of 4,920,000 shares, the short-interest ratio is currently 11.0 days. Currently, 4.0% 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 Monday, May 8th 2023.
View our SU earnings forecast.
How were Suncor Energy's earnings last quarter?: Suncor Energy Inc. (NYSE:SU) posted its quarterly earnings results on Sunday, May, 2nd. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.05. The oil and gas producer earned $6.82 billion during the quarter, compared to the consensus estimate of $6.30 billion. Suncor Energy had a net margin of 15.55% and a trailing twelve-month return on equity of 29.52%.
How often does Suncor Energy pay dividends? What is the dividend yield for Suncor Energy?: Suncor Energy announced a quarterly dividend on Tuesday, February 14th. Stockholders of record on Friday, March 3rd will be given a dividend of $0.391 per share on Friday, March 24th. This represents a $1.56 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Thursday, March 2nd.
Read our dividend analysis for SU.
Is Suncor Energy a good dividend stock?: Suncor Energy (NYSE:SU) pays an annual dividend of $1.52 per share and currently has a dividend yield of 5.30%. SU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SU will have a dividend payout ratio of 34.70% 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 a number of retail and institutional investors. Top institutional shareholders include Sanders Capital LLC (2.51%), TD Asset Management Inc (2.07%), Arrowstreet Capital Limited Partnership (1.66%), 1832 Asset Management L.P. (1.60%), Mackenzie Financial Corp (1.47%) and The Manufacturers Life Insurance Company (1.35%).
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 $29.72.
How much money does Suncor Energy make?: Suncor Energy (NYSE:SU) has a market capitalization of $39.57 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 $5.01 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 3/21/2023 by MarketBeat.com Staff

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Suncor Energy - SU Stock Forecast, Price & News

Suncor Energy MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Suncor Energy (NYSE:SU) Stock

SU Stock News Headlines

SU Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

SU Stock - Frequently Asked Questions

Overall MarketRank^™