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TSE:SU

Suncor Energy (SU) Stock Price, News & Analysis

C$49.97
+0.47 (+0.95%)
(As of 03:29 PM ET)
Today's Range
C$49.68
C$50.11
50-Day Range
C$42.30
C$49.95
52-Week Range
C$37.09
C$50.11
Volume
2.19 million shs
Average Volume
8.83 million shs
Market Capitalization
C$64.46 billion
P/E Ratio
7.89
Dividend Yield
4.36%
Price Target
C$54.25

Suncor Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
8.8% Upside
C$54.25 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.78mentions of Suncor Energy in the last 14 days
Based on 7 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.

3.61 out of 5 stars

SU stock logo

About Suncor Energy Stock (TSE:SU)

Suncor Energy Inc. operates as an integrated energy company in Canada 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 syncrude oil sands mining and upgrading operations; and marketing, supply, transportation, and risk management of crude oil, natural gas, power, and byproducts. The Exploration and Production segment is involved in offshore operations in the East Coast of Canada. The Refining and Marketing segment refines crude oil and petrochemical products; and markets, transports, and manages refined and petrochemical products, and other purchased products through the retail and wholesale networks. This segment also involved in trading of crude oil, 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.

SU Stock Price History

SU Stock News Headlines

Suncor Energy (TSE:SU) Hits New 52-Week High on Analyst Upgrade
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Suncor Energy (TSE:SU) Given New C$60.00 Price Target at CIBC
Suncor Energy (TSE:SU) Reaches New 52-Week High at $49.47
Stocks in play: Loop Energy Inc.
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Suncor price target raised by C$1 at RBC Capital
Suncor Stock: A Millionaire Maker?
Suncor Energy: Strong Turnaround and Positive Outlook Prompt Buy Rating
Suncor Energy Declares Dividend
Suncor Energy Reports Fourth Quarter 2023 Results
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
3/28/2024
Next Earnings (Estimated)
5/13/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas Integrated
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
16,558
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$54.25
High Stock Price Target
C$74.00
Low Stock Price Target
C$47.00
Potential Upside/Downside
+9.0%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
11 Analysts

Profitability

Net Income
C$8.30 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$49.09 billion
Cash Flow
C$4.23 per share
Book Value
C$33.55 per share

Miscellaneous

Outstanding Shares
1,290,000,000
Free Float
N/A
Market Cap
C$64.20 billion
Optionable
Not Optionable
Beta
1.51
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Key Executives

  • Mr. Kristopher P. Smith
    Chief Financial Officer
  • Mr. Peter D. Zebedee
    Executive Vice President of Oil Sands
  • Mr. Richard M. Kruger (Age 64)
    President, CEO & Director
  • 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
  • Ms. Shelley Powell
    Senior VP of Operational Improvement & Support Services
  • Mr. Arnel Lamco Santos (Age 52)
    Senior Vice President of Refining & Logistics
  • Mr. Dave Oldreive
    Executive Vice President of Downstream

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Suncor Energy was last updated on Tuesday, March 26, 2024 at 10:33 PM.

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 diversified portfolio across Oil Sands, Exploration and Production, and Refining and Marketing segments, providing stability and potential for growth.
  • The company engages in oil sands mining and upgrading operations, which can lead to increased production and revenue streams.
  • Suncor Energy Inc. has a strong track record of managing risk in crude oil, natural gas, power, and byproducts, which can help in maintaining profitability.
  • Recent developments in the energy sector have shown an increasing demand for oil and related products, potentially benefiting Suncor Energy Inc.'s market position and financial performance.
  • Considering the current stock price of Suncor Energy Inc., investors may find an attractive entry point for potential capital appreciation.

Cons

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

  • The energy sector is subject to market volatility and regulatory changes, which can impact Suncor Energy Inc.'s operations and financial results.
  • Fluctuations in crude oil prices can directly affect the company's profitability and cash flows, posing a risk to investors.
  • Environmental concerns related to oil sands mining and refining activities may lead to increased scrutiny and potential operational challenges for Suncor Energy Inc.
  • Competitive pressures within the energy industry could impact Suncor Energy Inc.'s market share and pricing power, affecting its overall performance.
  • Global economic conditions and geopolitical factors can influence energy demand and supply dynamics, impacting Suncor Energy Inc.'s business operations and financial outlook.

SU Stock Analysis - Frequently Asked Questions

Should I buy or sell Suncor Energy stock right now?

11 Wall Street equities 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 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?

11 brokers have issued twelve-month target prices for Suncor Energy's shares. Their SU share price targets range from C$47.00 to C$74.00. On average, they predict the company's stock price to reach C$54.25 in the next twelve months. This suggests a possible upside of 8.8% 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 17.4% and is now trading at C$49.85.
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) posted its earnings results on Wednesday, February, 21st. The company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.21. The business had revenue of $14.14 billion for 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. Shareholders of record on Monday, March 4th will be paid a dividend of 0.545 per share on Monday, March 25th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend 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 4.36%. 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 3/28/2024 by MarketBeat.com Staff

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