Suncor Energy (SU) Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last year. There are currently 7 hold ratings and 4 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.
View SU analyst ratings or view top-rated stocks.

11 Wall Street analysts have issued 1-year target prices for Suncor Energy's shares. Their SU share price forecasts range from C$42.00 to C$61.00. On average, they expect the company's share price to reach C$52.18 in the next twelve months. This suggests a possible upside of 14.4% 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 C$42.95 at the beginning of 2023. Since then, SU shares have increased by 6.1% and is now trading at C$45.59.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our SU earnings forecast.

Suncor Energy Inc. (TSE:SU) posted its quarterly earnings results on Monday, August, 14th. The company reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.18. The company had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.49 billion. Suncor Energy had a trailing twelve-month return on equity of 15.05% and a net margin of 11.55%.

Suncor Energy announced a quarterly dividend on Thursday, August 31st. Investors of record on Monday, September 25th will be paid a dividend of 0.52 per share on Monday, September 25th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for SU.

Suncor Energy (TSE:SU) pays an annual dividend of C$2.08 per share and currently has a dividend yield of 4.52%. SU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 44.92%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SU.

Based on aggregate information from My MarketBeat watchlists, some companies that other Suncor Energy investors own include Enbridge (ENB), Bank of Nova Scotia (BNS), Toronto-Dominion Bank (TD), Canadian Natural Resources (CNQ), Air Canada (AC), Royal Bank of Canada (RY), BCE (BCE), Pembina Pipeline (PPL), Manulife Financial (MFC) and Bank of Montreal (BMO).

Suncor Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "SU."

Shares of SU stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of SU stock can currently be purchased for approximately C$45.59.

Suncor Energy (TSE:SU) has a market capitalization of C$59.27 billion and generates C$52.50 billion in revenue each year. The company earns C$6.06 billion in net income (profit) each year or C$4.63 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., Stn M PO Box 2844, CALGARY, AB T2P 3E3, Canada. The official website for the company is www.suncor.com. The company can be reached via phone at +1-403-2968000.