Suncor Energy (SU) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SU, but not buy additional shares or sell existing shares.
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7 analysts have issued 12-month target prices for Suncor Energy's shares. Their SU share price forecasts range from $50.00 to $60.00. On average, they expect the company's share price to reach $54.57 in the next twelve months. This suggests a possible upside of 91.1% from the stock's current price.
View analysts price targets for SU or view top-rated stocks among Wall Street analysts.

Suncor Energy's stock was trading at $31.73 at the beginning of the year. Since then, SU stock has decreased by 10.0% and is now trading at $28.55.
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Suncor Energy saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 57,770,000 shares, an increase of 236.3% from the April 30th total of 17,180,000 shares. Based on an average daily trading volume, of 4,840,000 shares, the short-interest ratio is currently 11.9 days. Approximately 4.4% of the shares of the company are short sold.
View Suncor Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our SU earnings forecast.

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 (EPS) for the quarter, beating 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 analyst estimates of $6.30 billion. Suncor Energy had a net margin of 14.25% and a trailing twelve-month return on equity of 26.90%.

Suncor Energy announced a quarterly dividend on Monday, May 8th. Shareholders of record on Monday, June 5th will be paid a dividend of $0.384 per share on Monday, June 26th. This represents a $1.54 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date is Friday, June 2nd.
Read our dividend analysis for SU.

ETFs with the largest weight of Suncor Energy (NYSE:SU) stock in their portfolio include iShares North American Natural Resources ETF (IGE), iShares MSCI Intl Momentum Factor ETF (IMTM), iShares MSCI Intl Quality Factor ETF (IQLT), iShares Core MSCI International Developed Markets ETF (IDEV), iShares Core MSCI Total International Stock ETF (IXUS),

Suncor Energy (NYSE:SU) pays an annual dividend of $1.52 per share and currently has a dividend yield of 5.34%. SU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 33.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SU will have a dividend payout ratio of 38.68% 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 a variety of retail and institutional investors. Top institutional shareholders include Dodge & Cox (3.40%), Sanders Capital LLC (2.65%), FIL Ltd (1.68%), 1832 Asset Management L.P. (1.59%), Mackenzie Financial Corp (1.42%) and Artisan Partners Limited Partnership (1.10%).

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 $28.55.

Suncor Energy (NYSE:SU) has a market capitalization of $37.46 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 $4.52 on an earnings per share basis.

The company employs 16,558 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.