Suncor Energy - SU Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last year. There are currently 5 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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15 Wall Street research analysts have issued 1-year target prices for Suncor Energy's shares. Their SU share price forecasts range from $38.00 to $64.00. On average, they predict the company's share price to reach $51.38 in the next twelve months. This suggests a possible upside of 57.5% from the stock's current price.
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Suncor Energy's stock was trading at $25.03 at the beginning of 2022. Since then, SU stock has increased by 30.3% and is now trading at $32.62.
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Suncor Energy saw a increase in short interest in July. As of July 15th, there was short interest totaling 14,050,000 shares, an increase of 32.0% from the June 30th total of 10,640,000 shares. Based on an average trading volume of 8,310,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.0% of the shares of the stock 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) released its quarterly earnings results on Sunday, May, 2nd. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.05. The oil and gas producer earned $6.82 billion during the quarter, compared to analysts' expectations of $6.30 billion. Suncor Energy had a trailing twelve-month return on equity of 23.51% and a net margin of 18.33%.

Suncor Energy announced a quarterly dividend on Monday, August 8th. Investors of record on Friday, September 2nd will be given a dividend of $0.3656 per share on Monday, September 26th. This represents a $1.46 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Thursday, September 1st. This is an increase 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 $1.49 per share and currently has a dividend yield of 4.51%. 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 28.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SU will have a dividend payout ratio of 27.64% 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 many different institutional and retail investors. Top institutional shareholders include Dodge & Cox (3.01%), FMR LLC (2.97%), TD Asset Management Inc. (2.12%), Mackenzie Financial Corp (1.61%), Bank of Nova Scotia (1.20%) and Artisan Partners Limited Partnership (0.92%).

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 $32.62.

Suncor Energy (NYSE:SU) has a market capitalization of $45.02 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 was founded in 1917.

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.