NYSE:SU

Suncor Energy - SU Stock Forecast, Price & News

$32.92

-0.07 (-0.21%)

(As of 02/3/2023 12:00 AM ET)

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Today's Range: $32.79
▼
$33.59
50-Day Range: $29.60
▼
$34.72
52-Week Range: $26.42
▼
$42.72

Volume: 3.70 million shs
Average Volume: 3.88 million shs
Market Capitalization: $44.04 billion

P/E Ratio: 7.55
Dividend Yield: 4.71%
Price Target: $51.33

Institutional Ownership

Suncor Energy MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 62.8% Upside
$53.60 Price Target
Short Interest: Healthy
2.36% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -9.89
Upright™ Environmental Score
News Sentiment: 0.53
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -23.57%
From $5.60 to $4.28 Per Share

Overall MarketRank^™

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

2.54 out of 5 stars

Oils/Energy Sector

71st out of 238 stocks

Petroleum Refining Industry

8th out of 19 stocks

3.3

Analyst's Opinion

Consensus Rating
Suncor Energy has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $53.60, Suncor Energy has a forecasted upside of 62.8% from its current price of $32.92.
Amount of Analyst Coverage
Suncor Energy has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.36% 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 6.3.
Change versus previous month
Short interest in Suncor Energy has recently decreased by 32.76%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Suncor Energy is a leading dividend payer. It pays a dividend yield of 4.71%, 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 35.55%. 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 36.21% 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.

2.5

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 3 news articles for Suncor Energy this week, compared to 6 articles on an average week.
Search Interest
72 people have searched for SU on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
21 people have added Suncor Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 133% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Suncor Energy are expected to decrease by -23.57% in the coming year, from $5.60 to $4.28 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Suncor Energy is 7.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.86.
Price to Earnings Ratio vs. Sector
The P/E ratio of Suncor Energy is 7.55, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 44.22.
Price to Earnings Growth Ratio
Suncor Energy has a PEG Ratio of 0.62. 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 1.63. 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

February 2, 2023 | finance.yahoo.com

Why Canadian Oil & Gas Will Remain Hot In 2023

February 1, 2023 | fool.ca

Better Buy: Suncor Stock or Enbridge?

February 5, 2023 | Investor Place Media (Ad)

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February 1, 2023 | msn.com

EU, Ukraine plan cooperation on renewable energy, hydrogen -draft

January 28, 2023 | msn.com

2 Energy Stocks That Could Hold Up if Oil Prices Turn

January 27, 2023 | msn.com

TotalEnergies buys extra Canada oil sands project stake, squeezing Suncor

January 27, 2023 | americanbankingnews.com

FY2024 EPS Estimates for Suncor Energy Inc. Lowered by Analyst (NYSE:SU)

January 27, 2023 | americanbankingnews.com

Suncor Energy Sees Unusually High Options Volume (NYSE:SU)

February 5, 2023 | Investor Place Media (Ad)

Cash Holders STILL Aren't Taking Steps to Prepare

January 26, 2023 | finanznachrichten.de

Suncor Energy Inc.: Suncor Energy Provides Update on Acquisition of Teck's Interest in Fort Hills

January 26, 2023 | finance.yahoo.com

Canadian Oil Flows to Asia Surge After US Refinery Disruptions

January 26, 2023 | americanbankingnews.com

Equities Analysts Issue Forecasts for Suncor Energy Inc.'s Q4 2022 Earnings (NYSE:SU)

January 25, 2023 | fool.ca

Are These 2022 TSX Energy Stars Still Buys in 2023?

January 24, 2023 | marketwatch.com

Suncor Energy Inc. stock falls Tuesday, underperforms market

January 24, 2023 | seekingalpha.com

Suncor Energy: 15%+ Yield Via Buybacks And Dividends Starting Q2

January 23, 2023 | fool.ca

Suncor Energy Stock: Can This Top 2022 Gainer Keep Climbing the Stock Charts?

January 18, 2023 | fool.ca

Can Energy Stocks Outperform Again? 2 Stocks That Could Ride High in 2023

January 18, 2023 | finanznachrichten.de

Suncor Energy: Testing Technology To Turn Waste Into Want

January 17, 2023 | fool.ca

Could Suncor Energy Stock Be a Big Winner in 2023?

January 17, 2023 | seekingalpha.com

Elliott poised to get fourth Suncor board seat as deal extends deadline

January 16, 2023 | ca.finance.yahoo.com

Activist investor Elliott poised to get fourth Suncor board seat as company continues to underperform

January 16, 2023 | finance.yahoo.com

Suncor Energy Amends Agreement with Elliott Investment Management

January 11, 2023 | fool.ca

Passive-Income Seekers: 3 Top Canadian Energy Stocks to Buy in 2023

January 5, 2023 | finance.yahoo.com

10 Biggest Canadian Oil & Gas Companies

January 4, 2023 | msn.com

Is Suncor Energy Stock a Buy After its Disappointing Run in 2022?

January 4, 2023 | msn.com

Colorado eases trucking rules to alleviate fuel shortages, price increases caused by Suncor refinery shutdown

January 3, 2023 | finanznachrichten.de

Suncor Energy: Strength in Ceremony

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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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
Today: 2/05/2023
Next Earnings (Estimated): 2/08/2023
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: 16,922
Year Founded: 1917

Price Target and Rating

Average Stock Price Forecast: $53.60
High Stock Price Forecast: $60.00
Low Stock Price Forecast: $43.00
Forecasted Upside/Downside: +55.9%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.36
Trailing P/E Ratio: 7.55
Forward P/E Ratio: 5.88
P/E Growth: 0.62
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: 1.41
Cash Flow: $5.32 per share
Price / Cash Flow: 6.19
Book Value: $20.17 per share
Price / Book: 1.63

Miscellaneous

Outstanding Shares: 1,337,700,000
Free Float: 1,324,328,000
Market Cap: $44.04 billion
Optionable: Optionable
Beta: 1.28

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

Insiders & Institutions

View All Institutional Transactions

SU Stock - Frequently Asked Questions

Should I buy or sell Suncor Energy stock right now?: 6 Wall Street equities research 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 equities research 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 equities research analysts have issued 12 month price objectives for Suncor Energy's shares. Their SU share price forecasts range from $43.00 to $60.00. On average, they expect the company's share price to reach $53.60 in the next twelve months. This suggests a possible upside of 62.8% 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 the year. Since then, SU stock has increased by 3.8% and is now trading at $32.92.
View the best growth stocks for 2023 here.
Are investors shorting Suncor Energy?: Suncor Energy saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 47,370,000 shares, a decrease of 37.8% from the December 31st total of 76,120,000 shares. Based on an average daily volume of 5,190,000 shares, the days-to-cover ratio is currently 9.1 days. Approximately 3.5% of the company's stock are sold short.
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 8th 2023.
View our SU earnings forecast.
How were Suncor Energy's earnings last quarter?: Suncor Energy Inc. (NYSE:SU) issued its earnings results on Sunday, May, 2nd. The oil and gas producer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.05. The oil and gas producer had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.30 billion. Suncor Energy had a trailing twelve-month return on equity of 27.23% and a net margin of 14.23%.
How often does Suncor Energy pay dividends? What is the dividend yield for Suncor Energy?: Suncor Energy announced a quarterly dividend on Wednesday, November 16th. Shareholders of record on Friday, December 2nd will be given a dividend of $0.3911 per share on Friday, December 23rd. This represents a $1.56 annualized dividend and a yield of 4.75%. The ex-dividend date is Thursday, December 1st. This is a boost 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 $1.55 per share and currently has a dividend yield of 4.71%. SU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 36.21% 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 investors include National Bank of Canada FI (1.24%), Cardinal Capital Management Inc. (0.30%), Sumitomo Mitsui Trust Holdings Inc. (0.26%), Locust Wood Capital Advisers LLC (0.13%), Bank of Montreal Can (0.00%) and QV Investors Inc. (0.10%).
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 $32.92.
How much money does Suncor Energy make?: Suncor Energy (NYSE:SU) has a market capitalization of $44.04 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 2/5/2023 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

Insiders & Institutions

SU Stock - Frequently Asked Questions

Overall MarketRank^™