Suncor Energy - SU Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last year. There are currently 1 sell rating, 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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.

13 Wall Street analysts have issued 1-year price objectives for Suncor Energy's shares. Their SU share price forecasts range from C$35.00 to C$60.00. On average, they expect the company's share price to reach C$50.12 in the next year. This suggests a possible upside of 22.4% 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$31.65 at the start of the year. Since then, SU stock has increased by 29.3% and is now trading at C$40.93.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our SU earnings forecast.

Suncor Energy Inc. (TSE:SU) released its quarterly earnings data on Wednesday, July, 26th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.23 by $0.11. The company earned $7.26 billion during the quarter, compared to the consensus estimate of $7.41 billion.

Suncor Energy announced a quarterly dividend on Thursday, December 1st. Shareholders of record on Friday, December 23rd will be paid a dividend of 0.52 per share on Friday, December 23rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend is Thursday, December 1st. This is a positive change from the stock's previous quarterly dividend of C$0.47.
Read our dividend analysis for SU.

Suncor Energy (TSE:SU) pays an annual dividend of C$1.78 per share and currently has a dividend yield of 4.93%. SU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 31.90%. 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$40.93.

Suncor Energy (TSE:SU) has a market capitalization of C$55.22 billion and generates C$55.57 billion in revenue each year.

The company employs 16,922 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.