Suncor Energy (SU) Stock Forecast for 2024, 2025, 2026. Sell or Buy Prediction







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Suncor Energy (SU) Stock Forecast for 2024, 2025, 2026. Sell or Buy?

Updated: November 7, 2024 (11:54)

Sector: Energy

The share price of Suncor Energy Inc. (SU) now

Latest session on the 6th of November for
Suncor Energy Inc. is positive
Trading Volume: 2949322
Open: 38.23 /  High: 39.31 /  Low: 38.147
What analysts predict: $43.04
52-week High/Low: $41.52 / $28.52
50-Day Moving Average: $38.49 — support level today
200-Day Moving Average: $37.54 — support level today

News Impact Analyzer

Full report
This Week
Bearish Impact: 5 News: 1
Previous Week
Bullish Impact: 5 News: 1 (1/0/0)
Two Weeks Ago
Bullish Impact: 5 News: 1 (1/0/0)
Three Weeks Ago
Na Impact: Na News: Na

Analysts predictions

Full report
This Week
Neutral Opinions: Na
Previous Week
Neutral Opinions: Na
Two Weeks Ago
Neutral Opinions: Na
Three Weeks Ago
Bullish Opinions: 1 (1/0/0)

Analyzing the Most Important SU news

Canada Sets Ambitious Cut on Emissions: Impact on Oil Giants

Nov 04, 2024
Trend: Bearish
Influence: 7
The new emission reduction regulations pose a significant challenge to Suncor Energy (SU) as they signify potential production cuts and increased operational costs. This likely leads to a bearish trend, reflecting uncertainties and investment risks. The level of influence is high, with impending regulatory changes directly affecting revenue and profitability for traditional oil and gas producers in Canada.

Canada Backs Major Oil Sands Carbon Capture Project

Oct 28, 2024
Trend: Bullish
Influence: 7
The Canadian government's proposal to support the Pathways Alliance's carbon capture project is bullish for Suncor (SU). It signals potential advancements in reducing emissions, enhancing sustainability, and aligning with environmental goals, potentially improving regulatory approval and investor sentiment. This development could positively impact SU's stock by demonstrating commitment to long-term environmental and operational improvements.

Elliott Nearly Doubles Down on Suncor: Sees Growth Potential

Oct 22, 2024
Trend: Bullish
Influence: 7
The post highlights Elliott's increased investment in Suncor, signaling confidence in the company's improved operations and leadership. This move is likely to positively influence investor sentiment, driving stock price upward. However, while the trend is bullish, the influence level is tempered by broader market conditions and other potential company and industry-specific risks.

Historical and forecast chart of Suncor Energy stock

The chart below shows the historical price of Suncor Energy stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Suncor Energy stock price can be found in the table below.

Long-term forecasts by years.

Suncor Energy Inc. Analysts predictions review

As of now, Panda has combed through 1 analytical articles which are directly related to SU from the last 30 days. Out of these, 1 clearly showcase a bullish trend, while 0 see a bearish trend as the more likely scenario, and 0 stay neutral.

To identify the dominant trend, we took into account analytical articles from the past 30 days, spanning from Oct 16, 2024 to Oct 16, 2024.

Suncor Energy: Positioned for Growth with Strategic Moves to Boost Value

Trend: Bullish
Oct 16, 2024

In his latest analysis, Jonathan Weber maintains a Bullish stance on SU stock, reflecting his confidence in its upward trajectory. With an impressive portfolio of 1809 publications since 2014, Weber demonstrates both prolific output and sustained commitment as a financial contributor. His viewpoints resonate widely, evidenced by a substantial subscriber base of 51,183 individuals, signifying both popularity and influence among his readers. Furthermore, the combination of his extensive contributions over nearly a decade and his persuasive authority underscores his credibility in the financial realm. Weber's insights not only echo his analytical rigor but also embody the trusted guidance sought by a diverse audience in the market.

Key Theses of the Review

  • Suncor Energy is a high-quality Canadian oil company with strong financial results and a favorable valuation.
  • Operationally, Suncor Energy is performing robustly, evidenced by increased production and significant cash flow generation.
  • The company is strategically reducing its debt and plans to enhance shareholder returns through dividends and buybacks.
  • Suncor's low valuation and strong free cash flow yield make it particularly attractive for investors seeking solid energy exposure and returns.

Factors Influencing SU Stock Price

Global Oil Prices

Significance: 9 out of 10

Suncor Energy's performance is dependent on oil prices; therefore, fluctuations have a substantial influence on their cash flow. The potential for a recession in the U.S. or slow growth in China could negatively impact prices, though Middle East tensions might offset this with higher prices.

Shareholder Returns

Significance: 8 out of 10

Suncor's strategy to increase dividends and buybacks after reaching a net debt goal is likely to enhance investor confidence and demand for shares. This results in a dividend yield of 4.2% and a buyback yield of 5%, boosting shareholder value.

Debt Reduction Strategy

Significance: 7 out of 10

The company's plan to significantly lower its net debt to CAD$8.0 billion by potentially 2025 is likely to improve financial stability and free up resources for increasing shareholder distributions. This creates a healthier balance sheet and better investment appeal.

Production Growth

Significance: 6 out of 10

Suncor plans to increase production by 100,000 barrels per day between 2023 and 2026, which could significantly enhance revenues and profits. This operational growth, however, might be challenged by market supply and demand dynamics.

Review the original Analysis

Commentary

Suncor Energy is riding a wave of strategic initiatives that promise to augment its appeal to investors. The company's focus on boosting shareholder returns through increased dividends and buybacks, spurred by a strategic debt reduction plan, indicates a strong commitment to enhancing investor value. These plans are already translating into shareholder benefits, with a dividend yield of 4.2% and a buyback yield of 5%. Additionally, Suncor's operational robustness, marked by rising production, further enhances its growth prospects by potentially increasing revenue and profits.

With Suncor’s average influence factor standing at 7.5, the outlook for the company's stock trend in the short term and the coming month appears promising. However, the impact of fluctuating global oil prices on the company’s cash flow remains a significant factor that investors should consider. Nonetheless, Suncor's strategic initiatives seem well poised to capitalize on favorable oil market dynamics and optimize returns, positioning it attractively for those seeking stable energy sector investment opportunities. In sum, there's a strong bullish sentiment underpinning Suncor's market trajectory during this period, offering potential rewards for investors who align with its growth narrative.

Suncor Energy: Powering Ahead with Renewables and Strong Financials

Trend: Strong Bullish
Sep 26, 2024

In this insightful review, we delve into the analytical financial article by Shariq Khan, who maintains a strong bullish stance on SU stock. Despite being a relatively new contributor since 2024, Shariq has made a noticeable impact in the financial discourse, with three publications to his name. Although his current subscriber base is modest at 23, suggesting a niche but growing audience, his perspectives contribute uniquely to the investment dialogue. His current influence is modest, primarily due to the brief tenure and limited number of publications. However, the consistency of his contributions indicates potential for growth in both popularity and credibility. Readers are encouraged to explore Shariq's distinct analyses, particularly his optimistic outlook on SU stock, as he establishes his voice further in the financial community.

Key Theses of the Review

  • Suncor Energy's 2024 stock rise is driven by strong operational performance, cost efficiency, and a strategic shift towards renewable energy and carbon reduction.
  • Suncor posted robust financials in Q2 2024 despite market volatility, with significant cash flow and a steady dividend payout.
  • Suncor's integrated vertical model and high refinery utilization provide a competitive edge.
  • Suncor is valued below peers, offering an attractive investment with high dividend yield and growth potential.

Factors Influencing SU Company's Stock Price

Operational Performance

Significance: 9 out of 10

The strong operational performance reflects Suncor's ability to enhance production capacity while maintaining profitable refinement margins. This robustness translates into significant earnings and stock price stability, especially in times of market volatility.

Strategic Shift Towards Renewables

Significance: 8 out of 10

Suncor's shift towards renewable energy projects and dedication to reducing carbon emissions align with global energy trends, attracting environmentally-conscious investors. This strategic turn positions Suncor as a competitive entity in the global energy transition, impacting its stock favorably.

Financial Performance in Q2 2024

Significance: 7 out of 10

Suncor posted a net earnings of $1.57 billion and maintained a steady dividend, showcasing its excellent financial governance. Despite a drop from the previous year, the financial results affirm strong liquidity and resilience, positively impacting investor confidence.

Integrated Vertical Model

Significance: 8 out of 10

Suncor's integrated vertical model supports stable margins by profiting from price differences between crude oil and refined products. This operational structure offers a strategic advantage, minimizing risks and sustaining revenue growth, thereby strengthening investor trust.

Valuation and Dividend Yield

Significance: 7 out of 10

Valued below its peers with a high dividend yield of 4.24%, Suncor presents an attractive investment opportunity. This undervaluation combined with the company's growth potential and high yield makes it appealing to value investors, impacting its stock demand.

Review the original Analysis

Commentary

Suncor Energy is riding a wave of robust operational and financial performance, supported by strategic investments in renewable energy. As the company aligns itself with global energy trends and attracts eco-conscious investors, its stock is poised for a bullish rise. The integrated vertical model further underpins its strong earnings, ensuring stability amidst market fluctuations. These factors collectively average an influence strength of 7.8, indicating a significant positive impact in the short-term stock trend over the next 15 days.

With a strategic shift to renewable projects and a high dividend yield that sits well with value investors, Suncor is not just an attractive prospect for immediate gains but also offers promising growth potential. The company's valuation below peers, coupled with resilient financial metrics, underscores its position as a noteworthy investment opportunity. Over the coming month, the influence strength averages at 7.8, suggesting sustained confidence in Suncor’s market performance. The robust operational structure and strategic pivots place Suncor Energy in a strong position for both immediate and long-term gains, propelling its stock into bullish territory.

Sep 12, 2024
Suncor Energy: Positioned for Profitability Amidst Oil Market Volatility
Trend: Strong Bullish
Aug 12, 2024
Suncor Energy: The Perfect Storm for a 24% FCF Growth and Strong Share Price Appreciation
Trend: Strong Bullish
Aug 11, 2024
Suncor's Strategic Moves and Buybacks Poised to Boost Stock Further
Trend: Bullish

Comprehensive Analysis of Suncor Energy (SU) Stock Market Performance


Our multifaceted analysis of Suncor Energy's stock market is grounded in the company's key news stories, insights from reputable analysts, as well as mathematical and technical evaluations. Taking into account assessments from each of these aspects in real-time helps us address the most crucial questions for investors in the most objective way possible:

  • When should I take profit in Suncor Energy stock?
  • When should I record a loss on Suncor Energy stock?
  • What are analysts' forecasts for Suncor Energy stock?
  • What is the future of Suncor Energy stock?

We forecast Suncor Energy stock performance using neural networks based on historical data on Suncor Energy stocks.

Suncor Energy Inc. News influencing stock rates

As of now, Panda has combed through 3 news items directly related to SU from the last 30 days. Out of these, 2 clearly showcase a bullish trend, while 1 display bearish tendencies, and 0 events are neutral.

The strength of the bullish trend outpaces the bearish sentiments by 1.88 times, indicating that the news backdrop is positively influencing the company’s stock price in the current outlook.

The news analyzed fell within the period from Oct 22, 2024, to Nov 04, 2024.

βeta
Oct 03, 2024

Suncor Sets Prices for C$2B Note Tender Offers

Trend: Neutral
Influence: 5
Suncor's tender offer announcement to repurchase notes totaling up to C$2B reflects prudent fiscal management but does not directly indicate growth or decline in underlying business operations. The absence of additional strategic implications renders the news as neutral, with moderate influence on stock prices. The move may stabilize debt but doesn't significantly alter investor perception.
Aug 25, 2024

Oil Glut Risks: Major Energy Players Brace for Price Drop

Trend: Bearish
Influence: 8
The news indicates a potential oversupply in the oil market, driven by weak demand from China and increased production. This supply-demand imbalance threatens to lower oil prices, adversely affecting SU's revenues and stock price. The high influence level is due to the significant impact of oil prices on the company's performance.
Aug 07, 2024

Suncor Shares Soar with Strong Q2 Oil Sands Output, BMO Upgrades

Trend: Bullish
Influence: 8
The post indicates strong Q2 performance from Suncor, supported by higher oil sands production and increased refinery throughput. Coupled with an upward revision from BMO, these factors suggest a positive outlook for the company's stock, making the trend clearly bullish. The level of influence is significant as strong earnings and analyst upgrades typically boost stock prices.
Aug 06, 2024

Suncor Energy Reports Strong Q2 with Non-GAAP EPS of C$1.27

Trend: Bullish
Influence: 7
Suncor Energy's strong Q2 earnings per share (EPS) of C$1.27 indicates robust performance, likely driving positive investor sentiment. This solid financial result supports a bullish outlook for the stock, though market conditions and broader economic factors could moderate its influence. Overall, the report suggests a positive impact on SU's stock price in the near term.
Aug 06, 2024

Suncor Energy Maintains Dividend with Strong 4.28% Yield

Trend: Neutral
Influence: 5
Maintaining an attractive dividend and consistent payout reflects financial stability but does not surprise the market. While a stable quarterly dividend of CAD 0.545/share keeps investor confidence, it is not a game-changer. Therefore, the news warrants a neutral trend with moderate influence on the stock price.
Jul 18, 2024

Alberta Wildfires Threaten Key Oil Sites, Driving Up Canadian Crude Prices

Trend: Bearish
Influence: 8
The wildfires pose a significant threat to oil production sites in Alberta, impacting numerous companies, including Suncor Energy. Given Suncor's recent production cut at its Firebag site due to the fires, this development is likely to exert downward pressure on its stock price in the short term due to potential operational disruptions.

Suncor Energy Inc. operates as an integrated energy company. The company is primarily engaged in the development of reservoirs with oil reserves in the oil sands of Canada’s Athabasca; explores, acquires, develops, produces and sells crude oil in Canada and abroad; sells petroleum and petrochemical products under the Petro-Canada brand primarily in Canada. Works on oil sands; Exploration and production; Processing and marketing; and the corporate and liquidation segments.

Trending Themes in the Energy Sector

Suncor Energy daily forecast for a month

Date Target Pes. Opt. Vol., %
Nov 09 41.10 40.48 41.34 2.13
Nov 10 41.55 41.14 41.90 1.85
Nov 11 42.08 41.25 42.64 3.37
Nov 12 41.47 41.01 42.25 3.03
Nov 13 42.17 41.57 42.65 2.59
Nov 14 43.06 42.64 43.59 2.24
Nov 15 43.30 42.57 43.62 2.47
Nov 16 43.89 42.99 44.76 4.14
Nov 17 43.33 42.98 43.71 1.69
Nov 18 42.69 42.36 43.63 2.99
Nov 19 42.47 42.07 43.33 3.00
Nov 20 41.96 41.70 42.69 2.38
Nov 21 41.81 41.27 42.40 2.74
Nov 22 42.57 41.63 43.17 3.68
Nov 23 43.46 43.13 43.92 1.81
Nov 24 43.99 43.72 44.89 2.69
Nov 25 44.21 43.30 44.79 3.43
Nov 26 43.99 43.02 44.60 3.68
Nov 27 43.54 42.66 43.96 3.06
Nov 28 43.74 43.33 44.08 1.73
Nov 29 44.26 44.00 44.93 2.11
Nov 30 43.02 42.14 43.84 4.04
Dec 01 43.97 43.66 45.01 3.11
Dec 02 43.47 42.78 44.28 3.51
Dec 03 43.34 43.05 43.68 1.45
Dec 04 43.37 42.65 44.16 3.54
Dec 05 42.70 41.91 43.56 3.94
Dec 06 42.36 41.34 43.09 4.24
Dec 07 41.90 41.53 42.54 2.42
Dec 08 41.96 40.98 42.82 4.48

Suncor Energy Daily Price Targets


Suncor Energy Stock Forecast 11-09-2024.

Forecast target price for 11-09-2024: $41.10.
Positive dynamics for Suncor Energy shares will prevail with possible volatility of 2.087%.
Pessimistic target level: 40.48
Optimistic target level: 41.34

Suncor Energy Stock Forecast 11-10-2024.

Forecast target price for 11-10-2024: $41.55.
Positive dynamics for Suncor Energy shares will prevail with possible volatility of 1.815%.
Pessimistic target level: 41.14
Optimistic target level: 41.90

Suncor Energy Stock Forecast 11-11-2024.

Forecast target price for 11-11-2024: $42.08.
Positive dynamics for Suncor Energy shares will prevail with possible volatility of 3.256%.
Pessimistic target level: 41.25
Optimistic target level: 42.64

Suncor Energy Stock Forecast 11-12-2024.

Forecast target price for 11-12-2024: $41.47.
Negative dynamics for Suncor Energy shares will prevail with possible volatility of 2.944%.
Pessimistic target level: 41.01
Optimistic target level: 42.25

Suncor Energy Stock Forecast 11-13-2024.

Forecast target price for 11-13-2024: $42.17.
Positive dynamics for Suncor Energy shares will prevail with possible volatility of 2.521%.
Pessimistic target level: 41.57
Optimistic target level: 42.65

Suncor Energy Stock Forecast 11-14-2024.

Forecast target price for 11-14-2024: $43.06.
Positive dynamics for Suncor Energy shares will prevail with possible volatility of 2.193%.
Pessimistic target level: 42.64
Optimistic target level: 43.59

SU (SU) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Dec. 42.74 40.52 43.94 7.78

Suncor Energy forecast for this year


Suncor Energy Stock Prediction for Dec 2024

An uptrend is forecast for this month with an optimal target price of $42.7444. Pessimistic: $40.52. Optimistic: $43.94



Suncor Energy (SU) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 45.27 42.32 47.98 11.79
Feb 43.18 40.12 45.21 11.27
Mar 39.12 37.99 41.28 7.96
Apr 38.97 36.36 41.27 11.90
May 38.07 36.82 39.71 7.29
Jun 38.19 36.77 39.48 6.87
Jul 38.19 35.32 40.32 12.41
Aug 38.07 36.51 40.62 10.12
Sep 35.98 33.53 37.09 9.60
Oct 33.42 31.65 36.06 12.23
Nov 33.39 31.02 35.36 12.28
Dec 33.99 32.09 35.76 10.27

Suncor Energy (SU) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 36.78 34.94 39.21 10.88
Feb 39.98 37.50 42.14 11.01
Mar 39.70 38.78 42.87 9.54
Apr 41.88 38.61 43.85 11.94
May 43.18 41.37 44.52 7.08
Jun 44.69 42.05 47.55 11.56
Jul 40.45 39.19 42.39 7.54
Aug 41.42 38.52 42.87 10.14
Sep 40.67 39.21 41.61 5.77
Oct 41.97 39.24 43.61 10.01
Nov 45.33 43.70 47.01 7.04
Dec 45.47 43.47 47.47 8.43

Suncor Energy information and performance

Suncor Energy Address

P.O. BOX 2844, 150 - 6TH AVENUE S.W., CALGARY, AB, CA

Market Capitalization: 48 819 950 000 $

Market capitalization of the Suncor Energy Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of SU shares in the company outstanding by the market price of one share.

EBITDA: 16 429 000 000 $

EBITDA of Suncor Energy is earnings before interest, income tax and depreciation of assets.

PE Ratio: 9.13

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 0.07

Price/earnings to growth

DPS: 2.155

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: 0.0426

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 4.21

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: -0.147
Quarterly Revenue Growth YOY: 0.1
Trailing PE: 9.13

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 13.89

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 1.473

Enterprise Value (EV) /Revenue

EV To EBITDA: 4.655

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 1270030000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

Suncor Energy (SU) stock dividend

Suncor Energy last paid dividends on 09/04/2024. The next scheduled payment will be on 09/25/2024. The amount of dividends is $2.155 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.

Last Split Factor:

Last Split Date: 01/01/1970

Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.

For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.



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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.