Should I buy or sell Suncor Energy stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last twelve months. There are currently 6 hold ratings and 5 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 .

What is Suncor Energy's stock price target for 2024?

11 Wall Street analysts have issued 12-month target prices for Suncor Energy's stock. Their SU share price targets range from C$47.00 to C$74.00. On average, they predict the company's share price to reach C$55.04 in the next year. This suggests a possible upside of 7.4% 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 2024?

Suncor Energy's stock was trading at C$42.45 at the beginning of the year. Since then, SU shares have increased by 20.7% and is now trading at C$51.25. View the best growth stocks for 2024 here .

When is Suncor Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our SU earnings forecast .

How were Suncor Energy's earnings last quarter?

Suncor Energy Inc. (TSE:SU) announced its earnings results on Wednesday, February, 21st. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.21. The firm earned $14.14 billion during the quarter, compared to the consensus estimate of $11.33 billion. Suncor Energy had a trailing twelve-month return on equity of 20.07% and a net margin of 16.90%.

How often does Suncor Energy pay dividends? What is the dividend yield for Suncor Energy?

Suncor Energy declared a quarterly dividend on Wednesday, February 21st. Stockholders of record on Monday, March 4th will be given a dividend of 0.545 per share on Monday, March 25th. This represents a $2.18 annualized dividend and a yield of 4.25%. The ex-dividend date is Friday, March 1st. Read our dividend analysis for SU .

Is Suncor Energy a good dividend stock?

Suncor Energy (TSE:SU) pays an annual dividend of C$2.18 per share and currently has a dividend yield of 4.20%. SU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 34.44%. This payout ratio is at a healthy, sustainable level, below 75%. 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 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) .

How do I buy shares of Suncor Energy?

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. Compare Top Brokerages Here .

TSE:SU

Suncor Energy (SU) Stock Price, News & Analysis

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Free SU Stock Alerts

C$51.25

-0.67 (-1.29%)

(As of 04/15/2024 ET)

Compare

Today's Range: C$51.07
▼
C$52.08
50-Day Range: C$42.70
▼
C$53.76
52-Week Range: C$37.09
▼
C$53.78

Volume: 5.92 million shs
Average Volume: 8.29 million shs
Market Capitalization: C$66.11 billion

P/E Ratio: 8.10
Dividend Yield: 4.25%
Price Target: C$55.04

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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Suncor Energy MarketRank™ Stock Analysis

Analyst Rating: Hold
2.45 Rating Score
Upside/Downside: 7.4% Upside
C$55.04 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.62
Based on 8 Articles This Week
Insider Trading: Selling Shares
C$1.30 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.09 out of 5 stars

2.2

Analyst's Opinion

Consensus Rating
Suncor Energy has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 5 buy ratings, 6 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Suncor Energy has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for SU.

2.5

Dividend Strength

Dividend Leadership
Suncor Energy is a leading dividend payer. It pays a dividend yield of 4.20%, 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 34.44%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SU.

2.6

News and Social Media Coverage

News Sentiment
Suncor Energy has a news sentiment score of 0.62. 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 is a higher news sentiment than the 0.39 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Suncor Energy this week, compared to 5 articles on an average week.
Search Interest
Only 38 people have searched for SU on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Suncor Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -36% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Suncor Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$1,301,736.00 in company stock.
Percentage Held by Insiders
Only 0.01% of the stock of Suncor Energy is held by insiders.
Percentage Held by Institutions
67.17% 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

Price to Earnings Ratio vs. the Market
The P/E ratio of Suncor Energy is 8.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.84.
Price to Earnings Ratio vs. Sector
The P/E ratio of Suncor Energy is 8.10, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 100.12.
Price to Earnings Growth Ratio
Suncor Energy has a PEG Ratio of 0.15. 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 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Suncor Energy Stock (TSE:SU)

Suncor Energy Inc. operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products. This segment also engages in oil sands mining. The Exploration and Production segment is involved in offshore operations in the East Coast of Canada; and marketing and risk management of crude oil and natural gas. The Refining and Marketing segment engages in the refining of crude oil products; and distribution, marketing, transportation, and risk management of refined and petrochemical products, and other purchased products through the retail and wholesale networks. This segment is also involved in the trading of crude oil, refined products, natural gas, and power. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1917 and is headquartered in Calgary, Canada. Suncor Energy Inc.

SU Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SU Stock News Headlines

April 15, 2024 | msn.com

Suncor Stock Is Rallying: Should You Invest?

April 14, 2024 | msn.com

Is Suncor a Buy, Sell, or Hold?

April 16, 2024 | InvestorPlace (Ad)

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According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 14, 2024 | americanbankingnews.com

Suncor Energy (TSE:SU) Price Target Raised to C$53.00 at Jefferies Financial Group

April 10, 2024 | americanbankingnews.com

Suncor Energy (TSE:SU) Price Target Increased to C$58.00 by Analysts at Royal Bank of Canada

April 8, 2024 | financialpost.com

Suncor’s Syncrude fined $390,000 over oilsands worker's death

April 8, 2024 | bloomberg.com

Suncor’s Syncrude Fined $287,000 Over Death of Oil Sands Worker

April 8, 2024 | ca.finance.yahoo.com

Suncor's Syncrude Canada to pay C$390,000 after worker fatality

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 8, 2024 | finance.yahoo.com

UPDATE 1-Suncor's Syncrude Canada to pay C$390,000 after worker fatality

April 5, 2024 | finance.yahoo.com

Suncor Energy Stock Scores Relative Strength Rating Upgrade; Hits Key Threshold

April 4, 2024 | theglobeandmail.com

RBC analyst’s top picks in soaring energy sector

April 3, 2024 | finance.yahoo.com

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April 2, 2024 | benzinga.com

What the Options Market Tells Us About Suncor Energy

April 2, 2024 | theglobeandmail.com

Who wants to buy gas stations these days?

March 25, 2024 | yahoo.com

Colorado air quality bills call for summer fracking pause, ‘repeat violator’ crackdown

March 15, 2024 | ca.finance.yahoo.com

Stocks in play: Loop Energy Inc.

March 14, 2024 | finance.yahoo.com

Suncor Energy (TSE:SU) Is Doing The Right Things To Multiply Its Share Price

March 13, 2024 | seekingalpha.com

Suncor Energy: Don't Let The Premium On Occidental Outshine This One (Technical Analysis)

March 7, 2024 | msn.com

Suncor, Canadian First Nation to team on prospective oil sands lease development

March 6, 2024 | msn.com

Colorado to restrict Suncor’s discharge of “forever chemicals” into Sand Creek under new permit

March 1, 2024 | msn.com

Community, Denver metro area residents feel blindsided, push back against Suncor settlement

February 27, 2024 | bizjournals.com

Environmental groups complain about Suncor, state refinery emissions settlement

February 26, 2024 | finance.yahoo.com

Why You Might Be Interested In Suncor Energy Inc. (TSE:SU) For Its Upcoming Dividend

February 24, 2024 | realmoney.thestreet.com

Suncor price target raised by C$1 at RBC Capital

February 23, 2024 | msn.com

Suncor Stock: A Millionaire Maker?

February 23, 2024 | markets.businessinsider.com

Suncor Energy: Strong Turnaround and Positive Outlook Prompt Buy Rating

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Ex-Dividend for 3/25 Dividend: 3/01/2024
Dividend Payable: 3/25/2024
Today: 4/15/2024
Next Earnings (Estimated): 5/13/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas Integrated
Sub-Industry: N/A
Current Symbol: TSE:SU
CUSIP: N/A
CIK: N/A
Web: www.suncor.com
Phone: +1-403-2968000
Fax: N/A
Employees: 14,906
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$55.04
High Stock Price Target: C$74.00
Low Stock Price Target: C$47.00
Potential Upside/Downside: +7.4%
Consensus Rating: Hold
Rating Score (0-4): 2.45
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$6.33
Trailing P/E Ratio: 8.10
Forward P/E Ratio: 10.81
P/E Growth: 0.15
Net Income: C$8.30 billion
Net Margins: 16.90%
Pretax Margin: N/A
Return on Equity: 20.07%
Return on Assets: 6.95%

Debt

Debt-to-Equity Ratio: 36.52
Current Ratio: 1.44
Quick Ratio: 0.83

Sales & Book Value

Annual Sales: C$49.09 billion
Price / Sales: 1.35
Cash Flow: C$4.35 per share
Price / Cash Flow: 11.77
Book Value: C$33.55 per share
Price / Book: 1.53

Miscellaneous

Outstanding Shares: 1,290,000,000
Free Float: N/A
Market Cap: C$66.11 billion
Optionable: Not Optionable
Beta: 1.52

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Key Executives

Mr. Richard M. Kruger (Age 64)
President, CEO & Director
Comp: $2.65M
Mr. Kristopher P. Smith
Chief Financial Officer
Ms. Shelley Powell
Senior VP of Operational Improvement & Support Services
Mr. Peter D. Zebedee
Executive Vice President of Oil Sands
Mr. David Oldreive
Executive Vice President of Downstream
Troy Little
Vice President of IR
Ms. Jacqueline S. Moore
General Counsel & Corporate Secretary
Mr. Kent Ferguson
Senior Vice President of Strategy, Sustainability & Corporate Development
Ms. Karen L. Keegans (Age 58)
Chief Human Resources Officer
Mr. Arnel Lamco Santos (Age 52)
Senior Vice President of Refining & Logistics

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

Should I Buy Suncor Energy Stock? SU Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Suncor Energy Inc.:

Suncor Energy Inc. operates as an integrated energy company with a strong presence in Canada, the United States, and internationally, providing geographic diversification for investors.
The company has a long history dating back to 1917, showcasing stability and experience in the energy sector.
Suncor Energy Inc. engages in various segments such as Oil Sands, Exploration and Production, and Refining and Marketing, allowing for diversified revenue streams.
Recent developments in the company's Oil Sands segment involving exploration, development, and production of bitumen and synthetic crude oil indicate growth potential.
Considering the current stock price and market conditions, Suncor Energy Inc. may present a value investment opportunity for investors seeking long-term growth.

Cons

Investors should be bearish about investing in Suncor Energy Inc. for these reasons:

The oil and gas industry, in which Suncor Energy Inc. operates, is subject to volatility due to factors like geopolitical tensions, supply-demand dynamics, and regulatory changes.
Fluctuations in commodity prices, especially crude oil, can significantly impact the company's financial performance and stock price.
Environmental concerns related to oil sands mining and refining activities may pose long-term risks to the company's operations and reputation.
Market competition and technological advancements in the energy sector could affect Suncor Energy Inc.'s market position and profitability.
Investors should carefully assess the company's debt levels, capital structure, and cash flow management to evaluate the financial health and sustainability of their investment in Suncor Energy Inc.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Suncor Energy pros and cons to contact@marketbeat.com.

SU Stock Analysis - Frequently Asked Questions

Should I buy or sell Suncor Energy stock right now?: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last twelve months. There are currently 6 hold ratings and 5 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.
What is Suncor Energy's stock price target for 2024?: 11 Wall Street analysts have issued 12-month target prices for Suncor Energy's stock. Their SU share price targets range from C$47.00 to C$74.00. On average, they predict the company's share price to reach C$55.04 in the next year. This suggests a possible upside of 7.4% 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 2024?: Suncor Energy's stock was trading at C$42.45 at the beginning of the year. Since then, SU shares have increased by 20.7% and is now trading at C$51.25.
View the best growth stocks for 2024 here.
When is Suncor Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our SU earnings forecast.
How were Suncor Energy's earnings last quarter?: Suncor Energy Inc. (TSE:SU) announced its earnings results on Wednesday, February, 21st. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.21. The firm earned $14.14 billion during the quarter, compared to the consensus estimate of $11.33 billion. Suncor Energy had a trailing twelve-month return on equity of 20.07% and a net margin of 16.90%.

How often does Suncor Energy pay dividends? What is the dividend yield for Suncor Energy?: Suncor Energy declared a quarterly dividend on Wednesday, February 21st. Stockholders of record on Monday, March 4th will be given a dividend of 0.545 per share on Monday, March 25th. This represents a $2.18 annualized dividend and a yield of 4.25%. The ex-dividend date is Friday, March 1st.
Read our dividend analysis for SU.
Is Suncor Energy a good dividend stock?: Suncor Energy (TSE:SU) pays an annual dividend of C$2.18 per share and currently has a dividend yield of 4.20%. SU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 34.44%. This payout ratio is at a healthy, sustainable level, below 75%.
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 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).
How do I buy shares of Suncor Energy?: 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.
Compare Top Brokerages Here.

This page (TSE:SU) was last updated on 4/16/2024 by MarketBeat.com Staff

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Suncor Energy (SU) Stock Price, News & Analysis

Suncor Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Suncor Energy Stock (TSE:SU)

SU Stock Price History

SU Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

Should I Buy Suncor Energy Stock? SU Pros and Cons Explained

Pros

Cons

SU Stock Analysis - Frequently Asked Questions

Overall MarketRank^™