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Home โบ Stocks โบ Suncor Energy Inc. (SU) Stock Forecast & Price Prediction Canada | NYSE | Energy | Oil & Gas Integrated
$41.04
+0.37 (0.91%)Did SU Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Suncor Energy is one of their latest high-conviction picks.
Based on our analysis of 10 Wall Street analysts, SU has a bullish consensus with a median price target of $41.94 (ranging from $34.15 to $43.98). The overall analyst rating is Buy (7.7/10). Currently trading at $41.04, the median forecast implies a 2.2% upside. This outlook is supported by 12 Buy, 8 Hold, and 1 Sell ratings.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for SU.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Jan 7, 2025 | RBC Capital | Greg Pardy | Outperform | Reiterates | $66.00 |
Dec 20, 2024 | RBC Capital | Greg Pardy | Outperform | Reiterates | $66.00 |
Jul 18, 2024 | Wolfe Research | Doug Leggate | Outperform | Reinstates | $0.00 |
Jul 12, 2024 | Scotiabank | Jason Bouvier | Sector Perform | Maintains | $60.00 |
May 28, 2024 | Goldman Sachs | Neil Mehta | Buy | Maintains | $45.00 |
May 23, 2024 | Goldman Sachs | Neil Mehta | Buy | Maintains | $45.00 |
May 22, 2024 | TD Securities | Menno Hulshof | Hold | Maintains | $57.00 |
Mar 28, 2024 | Morgan Stanley | Benny Wong | Overweight | Maintains | $52.00 |
Aug 23, 2023 | Wells Fargo | Roger Read | Overweight | Upgrade | $54.00 |
Jun 29, 2023 | National Bank Financial Inc | Travis Wood | Outperform | Maintains | $57.00 |
Jun 1, 2023 | RBC Capital | Outperform | Maintains | $0.00 | |
May 30, 2023 | RBC Capital | Outperform | Maintains | $0.00 | |
May 10, 2023 | RBC Capital | Outperform | Maintains | $0.00 | |
Jun 9, 2022 | Credit Suisse | Manav Gupta | Outperform | Maintains | $63.00 |
May 20, 2022 | Goldman Sachs | Buy | Maintains | $43.00 | |
Jan 5, 2022 | Wells Fargo | Overweight | Upgrade | $0.00 | |
Oct 26, 2020 | CIBC | Outperformer | Initiates | $0.00 | |
May 13, 2020 | Credit Suisse | Manav Gupta | Outperform | Maintains | $30.00 |
Apr 3, 2019 | Evercore ISI Group | In-Line | Downgrade | $0.00 | |
Mar 14, 2019 | Credit Suisse | Outperform | Upgrade | $0.00 |
The following stocks are similar to Suncor Energy based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Suncor Energy Inc. has a market capitalization of $50.62B with a P/E ratio of 11.6x. The company generates $37.29B in trailing twelve-month revenue with a 12.0% profit margin.
Revenue growth is -0.5% quarter-over-quarter, while maintaining an operating margin of +19.6% and return on equity of +13.7%.
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Integrated energy company specializing in oil sands.
The company explores, produces, and refines crude oil into various petroleum products, including gasoline, diesel, and asphalt. Suncor's vertical integration allows it to control the entire oil and gas lifecycle, enhancing efficiency and profitability.
Suncor plays a vital role in North America's energy supply and is committed to innovation and sustainability, focusing on reducing its environmental impact. Its extensive operations significantly influence both the upstream and downstream sectors of the energy market.
Energy
Oil & Gas Integrated
15,010
Mr. Richard M. Kruger
Canada
1993
SU is exposed to oil market volatility, rising capex, regulatory changes and energy transition risks, which could affect profitability and long-term strategy.
The Investment Committee has announced their recent portfolio adjustments.
Portfolio changes by the Investment Committee indicate shifts in strategy, which can signal confidence in certain sectors or assets, affecting market sentiment and stock valuations.
SU faces risks from oil market volatility, increased capital expenditures, regulatory changes, and energy transition, potentially impacting profitability and long-term strategy.
SU's exposure to oil market volatility and rising capex may impact profit margins and future growth, influencing investor sentiment and stock performance.
Suncor Energy (SU) reported earnings 30 days ago; investors may be looking for future performance indicators and stock movements following the report.
Suncor's recent earnings report can indicate future performance, impacting stock valuation and investor sentiment, which influence buying or selling decisions.
OPEC+ plans to increase oil production, potentially pressuring prices. SU and WMB may be affected differently due to their business models, but the impact on SU may be overestimated.
OPEC+'s production increase may lower oil prices, affecting stocks like SU and WMB differently. Overestimating the impact on SU could present a buying opportunity for investors.
Investor Paul Singer is making a significant move into the energy sector, indicating a strong commitment to this market.
Paul Singer's aggressive entry into the energy sector signals confidence in potential growth and profitability, likely influencing market sentiment and investment strategies.
Suncor Energy reported strong Q1 performance with high utilization and cash returns. Positive US-China trade talks may boost oil prices, aiding revenues despite current lower prices.
Suncor's strong Q1 results, high utilization, and cash returns indicate resilience. Positive US-China trade talks could further elevate oil prices, enhancing revenues and earnings despite current price pressures.
Based on our analysis of 10 Wall Street analysts, Suncor Energy Inc. (SU) has a median price target of $41.94. The highest price target is $43.98 and the lowest is $34.15.
According to current analyst ratings, SU has 12 Buy ratings, 8 Hold ratings, and 1 Sell ratings. The stock is currently trading at $41.04. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict SU stock could reach $41.94 in the next 12 months. This represents a 2.2% increase from the current price of $41.04. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company explores, produces, and refines crude oil into various petroleum products, including gasoline, diesel, and asphalt. Suncor's vertical integration allows it to control the entire oil and gas lifecycle, enhancing efficiency and profitability.
The highest price target for SU is $43.98 from at , which represents a 7.2% increase from the current price of $41.04.
The lowest price target for SU is $34.15 from at , which represents a -16.8% decrease from the current price of $41.04.
The overall analyst consensus for SU is bullish. Out of 10 Wall Street analysts, 12 rate it as Buy, 8 as Hold, and 1 as Sell, with a median price target of $41.94.
Stock price projections, including those for Suncor Energy Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.