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S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
New Trump Bombshell (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Recession risks are fading, business economists say, but political tensions pose threat to economy
New Trump Bombshell (Ad)
Airbnb stock bulls just went all in before earnings
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
New Trump Bombshell (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Recession risks are fading, business economists say, but political tensions pose threat to economy
New Trump Bombshell (Ad)
Airbnb stock bulls just went all in before earnings
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
New Trump Bombshell (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Recession risks are fading, business economists say, but political tensions pose threat to economy
New Trump Bombshell (Ad)
Airbnb stock bulls just went all in before earnings
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
NYSE:SU

Suncor Energy (SU) Stock Price, News & Analysis

$32.13
-0.11 (-0.34%)
(As of 02/9/2024 08:57 PM ET)
Today's Range
$32.02
$32.58
50-Day Range
$29.59
$33.96
52-Week Range
$27.59
$35.51
Volume
6.01 million shs
Average Volume
3.60 million shs
Market Capitalization
$41.46 billion
P/E Ratio
6.98
Dividend Yield
5.01%
Price Target
$52.00

Suncor Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
61.8% Upside
$52.00 Price Target
Short Interest
Healthy
1.01% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-9.89
Upright™ Environmental Score
News Sentiment
0.65mentions of Suncor Energy in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.76%
From $3.72 to $3.58 Per Share

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.

4.05 out of 5 stars

Oils/Energy Sector

60th out of 236 stocks

Petroleum Refining Industry

7th out of 17 stocks


SU stock logo

About Suncor Energy Stock (NYSE:SU)

Suncor Energy Inc. was formed in 1979 but its history is much deeper than that. The company was first formed in 1919 as a subsidiary of Sun Oil and was later merged with another of Sun Oil’s (now Sunoco’s) subsidiaries to form the entity traded today. The merger combined Sunoco’s refinery, oil sands, and refinery businesses into a single unit as part of its exit from Canada and repositioning as a pure play on fuel distribution.

Today, Suncor Energy operates as an integrated energy company in Canada and the U.S. After several major acquisitions and mergers, it is also the 2nd largest energy company in Canada and the 11th largest publicly traded company. Suncor Energy went public in 1992 and has seen its shares rise meteorically in that time.

The company’s primary focus is developing petroleum resource basins in Canada's Athabasca oil sands. Notably, Suncor Energy Inc.’s predecessor was the 1st company to extract oil from the Athabasca oil sands where it is the largest operator. The company is headquartered in Calgary, Alberta where the bulk of its operations lay. The company has diversified into International and Offshore production of natural gas, liquids, and crude oil but the oil sands make up 7.37 billion barrels of the company’s 7.79 billion barrels of proveable reserves (as of November 2022).

Suncor Energy’s downstream operations include more than 1800 retail locations that market petroleum and petrochemical products under the Petro-Canada name. The company owns 4 refineries as well, with a daily capacity of 460,000 barrels, and Canada’s largest ethanol plant as well. That plant, located in St. Clair, is capable of producing 400 million liters of ethanol annually.

The Oil Sands segment recovers bitumen which is a combination of clay, sand, and crude by mining and other operations. The company upgrades the bitumen into refinery feedstock and diesel fuel or prepares it for direct sale to the market. The company has 3 surface mining operations but 80% of the oil sands are too deep to reach so are mined using other methods including Steam-Assisted-Gravity-Drainage.

The company is also focused on reducing its impact on the environment by investing in wind farms and cogeneration technology. The company’s wind farms are capable of generating 111 megawatts of electricity which is enough to sustain about 53,000 homes. The cogeneration technology uses natural gas to generate steam and electricity and is the most efficient use of carbon-sourced energy for industrial purposes. The company is also working toward building out a solar power generation system.

SU Stock Price History

SU Stock News Headlines

Suncor Energy Sees Unusually High Options Volume (NYSE:SU)
New Trump Bombshell
I believe Donald J. Trump will go down as America’s last Republican president.  But NOT for the reasons you may think…  If I’m right, the soul of this country will change forever…
Suncor Energy Q4 2023 Earnings Preview
New Trump Bombshell
I believe Donald J. Trump will go down as America’s last Republican president.  But NOT for the reasons you may think…  If I’m right, the soul of this country will change forever…
Jefferies Reaffirms Their Hold Rating on Suncor Energy (SU)
Suncor Energy sees record fourth-quarter oil production
See More Headlines
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Company Calendar

Last Earnings
5/02/2021
Ex-Dividend for 12/22 Dividend
11/30/2023
Dividend Payable
12/22/2023
Today
2/11/2024
Next Earnings (Confirmed)
2/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
N/A
Employees
16,558
Year Founded
1917

Price Target and Rating

Average Stock Price Target
$52.00
High Stock Price Target
$54.00
Low Stock Price Target
$49.00
Potential Upside/Downside
+61.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$6.98 billion
Pretax Margin
21.15%

Debt

Sales & Book Value

Annual Sales
$53.37 billion
Cash Flow
$11.68 per share
Book Value
$22.64 per share

Miscellaneous

Outstanding Shares
1,290,432,000
Free Float
1,277,528,000
Market Cap
$41.46 billion
Optionable
Optionable
Beta
1.13

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Key Executives

  • Mr. Kristopher P. SmithMr. 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 VP 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 Wednesday, January 31, 2024 at 8:29 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 in Canada and internationally.
  • It operates through Oil Sands, Exploration and Production, and Refining and Marketing segments.
  • The company has a strong presence in the oil sands industry, which provides a stable source of revenue.
  • Suncor Energy Inc. has a diversified portfolio of assets, including oil sands, offshore oil and gas, and renewable energy.
  • The company has a strong track record of financial performance and has consistently delivered solid returns to its investors.

Cons

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

  • The energy industry is highly volatile and subject to fluctuations in oil prices, which can impact the company's profitability.
  • Suncor Energy Inc. faces regulatory and environmental risks associated with its operations, which could result in increased costs and potential liabilities.
  • The company's operations are exposed to geopolitical risks, including changes in government policies and regulations.
  • There is a growing focus on renewable energy sources, which could impact the demand for traditional fossil fuels and affect Suncor Energy Inc.'s business.
  • Investors should consider the current stock price and conduct thorough analysis before making investment decisions.














SU Stock Analysis - Frequently Asked Questions

Should I buy or sell Suncor Energy stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SU shares.
View SU analyst ratings
or view top-rated stocks.

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

8 brokers have issued 1-year target prices for Suncor Energy's stock. Their SU share price targets range from $49.00 to $54.00. On average, they predict the company's stock price to reach $52.00 in the next year. This suggests a possible upside of 61.8% 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 $32.04 at the beginning of 2024. Since then, SU shares have increased by 0.3% and is now trading at $32.13.
View the best growth stocks for 2024 here
.

Are investors shorting Suncor Energy?

Suncor Energy saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 13,050,000 shares, an increase of 33.2% from the December 31st total of 9,800,000 shares. Based on an average trading volume of 4,710,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.0% of the shares of the stock are short sold.
View Suncor Energy's Short Interest
.

When is Suncor Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our SU earnings forecast
.

How can I listen to Suncor Energy's earnings call?

Suncor Energy will be holding an earnings conference call on Thursday, February 22nd at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Suncor Energy's earnings last quarter?

Suncor Energy Inc. (NYSE:SU) released its earnings results on Sunday, May, 2nd. The oil and gas producer reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.05. The oil and gas producer had revenue of $6.82 billion for the quarter, compared to analysts' expectations of $6.30 billion. Suncor Energy had a trailing twelve-month return on equity of 18.26% and a net margin of 16.27%.

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

Suncor Energy announced a quarterly dividend on Tuesday, November 14th. Investors of record on Friday, December 1st will be given a dividend of $0.393 per share on Friday, December 22nd. This represents a $1.57 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Thursday, November 30th.
Read our dividend analysis for SU
.

Is Suncor Energy a good dividend stock?

Suncor Energy (NYSE:SU) pays an annual dividend of $1.61 per share and currently has a dividend yield of 5.00%. SU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 35.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SU will have a dividend payout ratio of 44.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SU.

What ETFs hold Suncor Energy's stock?
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 Intel (INTC), AT&T (T), Pfizer (PFE), Cisco Systems (CSCO), Walt Disney (DIS), Bank of America (BAC), Verizon Communications (VZ), Exxon Mobil (XOM), Johnson & Johnson (JNJ) and QUALCOMM (QCOM).

Who are Suncor Energy's major shareholders?

Suncor Energy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (1.73%), Mackenzie Financial Corp (1.19%), Beutel Goodman & Co Ltd. (1.05%), National Bank of Canada FI (0.78%), Dimensional Fund Advisors LP (0.77%) and Clearbridge Investments LLC (0.52%).

How do I buy shares of Suncor Energy?

Shares of SU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Suncor Energy have any subsidiaries?
The following companies are subsidiares of Suncor Energy: Petro-Canada, Suncor Energy (U.S.A.) Inc., Suncor Energy (U.S.A.) Marketing Inc., Suncor Energy Marketing Inc., Suncor Energy Oil Sands Limited Partnership, Suncor Energy Products Partnership, Suncor Energy UK Limited, Suncor Energy Ventures Corporation, Suncor Energy Ventures Partnership, and Syncrude.
Read More
This page (NYSE:SU) was last updated on 2/12/2024 by MarketBeat.com Staff

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