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Suncor Energy (SU) Stock Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: November 7, 2024 (11:54)
Sector: EnergyThe share price of Suncor Energy Inc. (SU) now
News Impact Analyzer
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This Week
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Bearish | Impact: 5 | News: 1 |
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Bullish | Impact: 5 | News: 1 (1/0/0) |
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Bullish | Impact: 5 | News: 1 (1/0/0) |
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Na | Impact: Na | News: Na |
Analysts predictions
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Neutral | Opinions: Na |
Previous Week
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Three Weeks Ago
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Bullish | Opinions: 1 (1/0/0) |
Analyzing the Most Important SU news
Canada Sets Ambitious Cut on Emissions: Impact on Oil Giants
Canada Backs Major Oil Sands Carbon Capture Project
Elliott Nearly Doubles Down on Suncor: Sees Growth Potential
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
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
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
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
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
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 AnalysisSuncor Energy: Powering Ahead with Renewables and Strong Financials
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
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
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
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
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
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 AnalysisCommentary
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.
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.
Suncor Sets Prices for C$2B Note Tender Offers
Oil Glut Risks: Major Energy Players Brace for Price Drop
Suncor Shares Soar with Strong Q2 Oil Sands Output, BMO Upgrades
Suncor Energy Reports Strong Q2 with Non-GAAP EPS of C$1.27
Suncor Energy Maintains Dividend with Strong 4.28% Yield
Alberta Wildfires Threaten Key Oil Sites, Driving Up Canadian Crude Prices
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.
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
P.O. BOX 2844, 150 - 6TH AVENUE S.W., CALGARY, AB, CA
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 of Suncor Energy is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
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.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
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 P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
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 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.
Related stocks from Energy sector
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.
Commentary
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.