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TSE:SU

Suncor Energy (SU) Stock Price, News & Analysis

C$51.71
+0.24 (+0.47%)
(As of 06/5/2024 ET)
Today's Range
C$51.43
C$52.31
50-Day Range
C$49.99
C$56.03
52-Week Range
C$37.09
C$56.69
Volume
12.64 million shs
Average Volume
8.28 million shs
Market Capitalization
C$66.19 billion
P/E Ratio
8.52
Dividend Yield
4.22%
Price Target
C$61.61

Suncor Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
19.1% Upside
C$61.61 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.00mentions of Suncor Energy in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
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.

3.64 out of 5 stars

SU stock logo

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

SU Stock News Headlines

Suncor Energy Inc. (TSE:SU) Plans $0.55 Quarterly Dividend
Suncor Energy (TSE:SU) Raised to "Hold" at Raymond James
Is it Too Late to Buy Suncor Stock?
Suncor Energy beats first quarter profit estimates
Suncor Energy Price Target Raised to $52 at TD
See More Headlines
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Company Calendar

Ex-Dividend for 3/25 Dividend
3/01/2024
Dividend Payable
3/25/2024
Last Earnings
5/07/2024
Ex-Dividend for 6/25 Dividend
6/04/2024
Today
6/05/2024
Dividend Payable
6/25/2024
Next Earnings (Estimated)
8/12/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas Integrated
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
14,906
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$61.61
High Stock Price Target
C$79.00
Low Stock Price Target
C$51.00
Potential Upside/Downside
+19.1%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
13 Analysts

Profitability

Net Income
C$7.85 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$49.56 billion
Cash Flow
C$4.39 per share
Book Value
C$34.43 per share

Miscellaneous

Outstanding Shares
1,280,000,000
Free Float
N/A
Market Cap
C$66.19 billion
Optionable
Not Optionable
Beta
1.50
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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

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. has shown resilience in the face of market volatility, making it a stable investment option.
  • The company has a strong track record of dividend payments, providing investors with a reliable income stream.
  • Recent developments in the energy sector have positively impacted Suncor Energy Inc.'s stock price, offering potential capital gains to investors.
  • Suncor Energy Inc. has a diversified portfolio across various segments of the energy industry, reducing risk exposure.
  • The company's strategic investments in renewable energy sources position it well for future growth opportunities.

Cons

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

  • The energy sector is subject to geopolitical risks and regulatory changes, impacting Suncor Energy Inc.'s operations and profitability.
  • Fluctuations in oil prices can directly influence Suncor Energy Inc.'s financial performance, leading to volatility in stock prices.
  • Environmental concerns and shifting consumer preferences towards sustainable energy sources may pose challenges to Suncor Energy Inc.'s traditional business model.
  • High levels of debt on Suncor Energy Inc.'s balance sheet could limit the company's flexibility in pursuing growth opportunities or weathering economic downturns.
  • Market competition and technological advancements in the energy sector could threaten Suncor Energy Inc.'s market position and profitability in the long term.
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 Wednesday, June 5, 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?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last twelve months. There are currently 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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?

13 brokerages have issued 12 month target prices for Suncor Energy's stock. Their SU share price targets range from C$51.00 to C$79.00. On average, they predict the company's share price to reach C$61.61 in the next twelve months. This suggests a possible upside of 19.1% 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 stock has increased by 21.8% and is now trading at C$51.71.
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, August 12th 2024.
View our SU earnings forecast
.

How were Suncor Energy's earnings last quarter?

Suncor Energy Inc. (TSE:SU) issued its earnings results on Tuesday, May, 7th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.18. The company had revenue of $12.53 billion for the quarter, compared to the consensus estimate of $11.81 billion. Suncor Energy had a net margin of 15.85% and a trailing twelve-month return on equity of 18.64%.

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

Suncor Energy announced a quarterly dividend on Tuesday, June 4th. Stockholders of record on Tuesday, June 25th will be given a dividend of 0.545 per share on Tuesday, June 25th. This represents a $2.18 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Tuesday, June 4th.
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 3.94%. The dividend payout ratio is 35.91%. 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 6/6/2024 by MarketBeat.com Staff

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