Suncor Energy (SU) Stock Forecast, Price Target & Predictions

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SU Stock Forecast

Suncor Energy stock forecast is as follows: an average price target of $65.00 (represents a 88.41% upside from SU’s last price of $34.50) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.

SU Price Target

The average price target for Suncor Energy (SU) is $65.00 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $65.00 to $65.00. This represents a potential 88.41% upside from SU's last price of $34.50.

SU Analyst Ratings

Buy

According to 13 Wall Street analysts, Suncor Energy's rating consensus is 'Buy'. The analyst rating breakdown for SU stock is 0 'Strong Buy' (0.00%), 10 'Buy' (76.92%), 3 'Hold' (23.08%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Suncor Energy Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 13, 2024	Randy Ollenberger	BMO Capital	$65.00	$39.67	63.85%	88.41%
May 22, 2024	Randy Ollenberger	BMO Capital	$62.00	$40.69	52.35%	79.71%
May 20, 2022		Goldman Sachs	$43.00	$37.82	13.70%	24.64%
May 04, 2022	Michelle Weaver	Morgan Stanley	$45.00	$37.22	20.92%	30.43%
Feb 03, 2022	Matt Murphy CFA	Tudor Pickering	$33.42	$28.91	15.60%	-3.13%
Jan 25, 2022	Devin McDermott	Morgan Stanley	$36.60	$27.32	33.98%	6.10%
Jan 10, 2022	Doug Leggate	Bank of America Securities	$35.01	$26.33	32.98%	1.49%
Oct 19, 2021	Neil Mehta	Goldman Sachs	$22.28	$22.60	-1.41%	-35.42%
Jul 30, 2021	Stephen Richardson	Evercore ISI	$26.26	$18.98	38.35%	-23.89%

The latest Suncor Energy stock forecast, released on Nov 13, 2024 by Randy Ollenberger from BMO Capital, set a price target of $65.00, which represents a 63.85% increase from the stock price at the time of the forecast ($39.67), and a 88.41% increase from SU last price ($34.50).

Suncor Energy Price Target by Period

	1M	3M	12M
# Anlaysts	-	1	2
Avg Price Target	-	$65.00	$63.50
Last Closing Price	$34.50	$34.50	$34.50
Upside/Downside	-100.00%	88.41%	84.06%

In the current month, the average price target of Suncor Energy stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Suncor Energy's last price of $34.50. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Sep 16, 2024	Morgan Stanley	Overweight	Overweight	Hold
Aug 08, 2024	National Bank	Outperform	Outperform	Hold
Aug 07, 2024	TD Securities	Hold	Buy	Upgrade
Aug 07, 2024	BMO Capital	Market Perform	Outperform	Upgrade
Jul 17, 2024	Wolfe Research		Outperform	Initialise
May 22, 2024	National Bank	Outperform	Outperform	Hold
May 22, 2024	Scotiabank	Sector Perform	Sector Perform	Hold
May 22, 2024	TD Securities	Hold	Hold	Hold
May 09, 2024	RBC Capital	Outperform	Outperform	Hold
May 09, 2024	BMO Capital	Market Perform	Market Perform	Hold
Apr 19, 2024	National Bank	Outperform	Outperform	Hold
Apr 11, 2024	Scotiabank	Sector Perform	Sector Perform	Hold
Apr 09, 2024	RBC Capital	Outperform	Outperform	Hold
Mar 28, 2024	Morgan Stanley	Overweight	Overweight	Hold
Aug 23, 2023	Barclays		Overweight	Initialise
Jul 13, 2023	Benchmark		Buy	Initialise
Jan 10, 2023	Wells Fargo	Overweight	Equal-Weight	Downgrade
Nov 30, 2022	Wells Fargo	Overweight	Overweight	Hold
Nov 30, 2022	RBC Capital	Outperform	Outperform	Hold
Nov 30, 2022	BMO Capital	Outperform	Outperform	Hold
Nov 21, 2022	Credit Suisse	Outperform	Outperform	Hold
Jul 11, 2022	Raymond James		Market Perform	Downgrade
May 20, 2022	Goldman Sachs	Buy	Buy	Hold
May 11, 2022	RBC Capital	Sector Perform	Sector Perform	Hold
Jan 25, 2022	Morgan Stanley	Overweight	Overweight	Hold

Suncor Energy's last stock rating was published by Morgan Stanley on Sep 16, 2024. The company gave SU a "Overweight" rating, the same as its previous rate.

Suncor Energy Financial Forecast

Suncor Energy Revenue Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$12.27B	$13.92B	$14.94B	$16.14B	$13.49B	$13.15B	$10.14B	$9.16B	$8.68B	$6.62B	$6.43B
Avg Forecast	$11.48B	$11.46B	$11.39B	$11.31B	$11.28B	$11.40B	$10.90B	$10.96B	$12.95B	$12.78B	$11.95B	$11.93B	$12.16B	$13.47B	$12.74B	$13.04B	$13.15B	$13.29B	$10.80B	$11.46B	$13.04B	$12.94B	$13.33B	$11.81B	$11.02B	$10.50B	$8.56B	$8.86B	$7.32B	$7.17B
High Forecast	$12.72B	$12.70B	$12.62B	$12.54B	$12.50B	$12.64B	$12.08B	$12.15B	$14.34B	$14.16B	$13.24B	$12.78B	$13.61B	$14.92B	$14.11B	$14.45B	$14.84B	$17.26B	$11.96B	$12.70B	$14.45B	$12.94B	$13.33B	$11.81B	$11.02B	$10.50B	$8.56B	$8.86B	$7.32B	$7.17B
Low Forecast	$10.25B	$10.24B	$10.17B	$10.10B	$10.07B	$10.19B	$9.74B	$9.79B	$11.56B	$11.42B	$10.67B	$11.09B	$10.72B	$12.03B	$11.37B	$11.65B	$12.23B	$7.85B	$9.64B	$10.23B	$11.65B	$12.94B	$13.33B	$11.81B	$11.02B	$10.50B	$8.56B	$8.86B	$7.32B	$7.17B
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	2	1	2	2	3	4	2	2	1	1	1	1	2	2	2	2	2	16
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.07%	1.07%	1.15%	1.21%	1.14%	1.19%	0.97%	1.07%	0.98%	0.90%	0.90%

Suncor Energy's average Quarter revenue forecast for Jun 23 based on 2 analysts is $10.80B, with a low forecast of $9.64B, and a high forecast of $11.96B. SU's average Quarter revenue forecast represents a -12.03% decrease compared to the company's last Quarter revenue of $12.27B (Mar 23).

Suncor Energy EBITDA Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	2	1	2	2	3	4	2	2	1	1	1	1	2	2	2	2	2	16
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$4.05B	$5.29B	$5.30B	$7.00B	$5.62B	$3.98B	$2.85B	$2.92B	$2.93B	$2.01B	$1.84B
Avg Forecast	$3.27B	$3.27B	$3.25B	$3.23B	$3.22B	$3.25B	$3.11B	$3.13B	$3.69B	$3.64B	$3.41B	$3.40B	$3.47B	$3.84B	$3.63B	$4.24B	$3.75B	$3.79B	$3.08B	$3.84B	$5.28B	$3.97B	$4.09B	$3.23B	$3.38B	$3.22B	$2.62B	$2.57B	$2.24B	$2.20B
High Forecast	$3.63B	$3.62B	$3.60B	$3.57B	$3.56B	$3.60B	$3.44B	$3.46B	$4.09B	$4.04B	$3.77B	$3.64B	$3.88B	$4.25B	$4.02B	$5.09B	$4.23B	$4.92B	$3.41B	$4.61B	$6.33B	$3.97B	$4.09B	$3.87B	$3.38B	$3.22B	$2.62B	$3.08B	$2.24B	$2.20B
Low Forecast	$2.92B	$2.92B	$2.90B	$2.88B	$2.87B	$2.90B	$2.78B	$2.79B	$3.30B	$3.25B	$3.04B	$3.16B	$3.06B	$3.43B	$3.24B	$3.39B	$3.49B	$2.24B	$2.75B	$3.08B	$4.22B	$3.97B	$4.09B	$2.58B	$3.38B	$3.22B	$2.62B	$2.05B	$2.24B	$2.20B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.05%	1.00%	1.34%	1.71%	1.74%	1.18%	0.89%	1.11%	1.14%	0.89%	0.83%

2 analysts predict SU's average Quarter EBITDA for Jun 23 to be $3.08B, with a high of $3.41B and a low of $2.75B. This is -24.02% lower than Suncor Energy's previous annual EBITDA (Mar 23) of $4.05B.

Suncor Energy Net Income Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	2	1	2	2	3	4	2	2	1	1	1	1	2	2	2	2	2	16
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.05B	$2.74B	$-609.00M	$4.00B	$2.95B	$1.55B	$877.00M	$868.00M	$821.00M	$-168.00M	$-12.00M
Avg Forecast	$1.61B	$1.60B	$1.58B	$1.48B	$1.47B	$1.62B	$1.42B	$1.28B	$1.32B	$1.40B	$1.23B	$1.24B	$1.25B	$1.42B	$1.40B	$1.19B	$1.37B	$1.77B	$1.18B	$1.08B	$2.06B	$2.40B	$3.39B	$905.89M	$1.28B	$916.78M	$637.42M	$720.00M	$-234.26M	$-179.22M
High Forecast	$1.84B	$1.82B	$1.80B	$1.69B	$1.68B	$1.85B	$1.61B	$1.46B	$1.50B	$1.60B	$1.40B	$1.58B	$1.36B	$1.62B	$1.41B	$1.43B	$1.42B	$2.13B	$1.35B	$1.29B	$2.47B	$2.47B	$3.39B	$1.09B	$1.28B	$916.78M	$637.42M	$864.00M	$-234.26M	$-179.22M
Low Forecast	$1.39B	$1.38B	$1.36B	$1.28B	$1.27B	$1.40B	$1.22B	$1.10B	$1.14B	$1.21B	$1.06B	$880.65M	$1.18B	$1.22B	$1.39B	$952.37M	$1.28B	$1.42B	$1.02B	$862.93M	$1.65B	$2.32B	$3.39B	$724.71M	$1.28B	$916.78M	$637.42M	$576.00M	$-234.26M	$-179.22M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.90%	1.33%	-0.25%	1.18%	3.26%	1.21%	0.96%	1.36%	1.14%	0.72%	0.07%

Suncor Energy's average Quarter net income forecast for Jun 23 is $1.18B, with a range of $1.02B to $1.35B. SU's average Quarter net income forecast represents a -42.28% decrease compared to the company's last Quarter net income of $2.05B (Mar 23).

Suncor Energy SG&A Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	2	1	2	2	3	4	2	2	1	1	1	1	2	2	2	2	2	16
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$3.42B	$3.56B	$3.08B	$203.00M	$257.00M	$-3.49B	$2.77B	$2.72B	$2.90B	$-3.70B	$2.27B
Avg Forecast	$3.21B	$3.21B	$3.18B	$3.16B	$3.15B	$3.19B	$3.05B	$3.07B	$3.62B	$3.57B	$3.34B	$3.34B	$3.40B	$3.77B	$3.56B	$4.21B	$3.68B	$3.72B	$3.02B	$3.81B	$3.94B	$3.66B	$3.78B	$3.20B	$3.12B	$2.97B	$2.42B	$2.54B	$2.07B	$2.03B
High Forecast	$3.56B	$3.55B	$3.53B	$3.51B	$3.49B	$3.53B	$3.38B	$3.40B	$4.01B	$3.96B	$3.70B	$3.57B	$3.81B	$4.17B	$3.95B	$5.05B	$4.15B	$4.83B	$3.34B	$4.57B	$4.73B	$3.66B	$3.78B	$3.84B	$3.12B	$2.97B	$2.42B	$3.05B	$2.07B	$2.03B
Low Forecast	$2.87B	$2.86B	$2.84B	$2.83B	$2.82B	$2.85B	$2.72B	$2.74B	$3.23B	$3.19B	$2.98B	$3.10B	$3.00B	$3.36B	$3.18B	$3.36B	$3.42B	$2.19B	$2.70B	$3.05B	$3.15B	$3.66B	$3.78B	$2.56B	$3.12B	$2.97B	$2.42B	$2.03B	$2.07B	$2.03B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.90%	0.90%	0.84%	0.05%	0.08%	-1.12%	0.93%	1.12%	1.14%	-1.78%	1.12%

Suncor Energy's average Quarter SG&A projection for Jun 23 is $3.02B, based on 2 Wall Street analysts, with a range of $2.70B to $3.34B. The forecast indicates a -11.83% fall compared to SU last annual SG&A of $3.42B (Mar 23).

Suncor Energy EPS Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	2	1	2	2	3	4	2	2	1	1	1	1	2	2	2	2	2	16
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.54	$2.03	$-0.45	$2.84	$2.06	$1.07	$0.59	$0.58	$0.54	$-0.11	$-0.01
Avg Forecast	$1.27	$1.26	$1.24	$1.17	$1.16	$1.28	$1.11	$1.01	$1.04	$1.11	$0.97	$0.98	$0.99	$1.12	$1.10	$1.24	$1.08	$1.39	$0.93	$1.33	$1.78	$1.86	$2.63	$1.64	$1.00	$0.71	$0.50	$0.40	$-0.18	$-0.14
High Forecast	$1.45	$1.43	$1.42	$1.33	$1.32	$1.46	$1.27	$1.15	$1.18	$1.26	$1.11	$1.24	$1.07	$1.27	$1.11	$1.25	$1.12	$1.67	$1.06	$1.51	$2.03	$1.92	$2.63	$1.71	$1.00	$0.71	$0.50	$0.40	$-0.18	$-0.14
Low Forecast	$1.09	$1.08	$1.07	$1.01	$1.00	$1.10	$0.96	$0.87	$0.89	$0.95	$0.83	$0.69	$0.93	$0.96	$1.10	$1.23	$1.01	$1.11	$0.80	$1.14	$1.53	$1.80	$2.63	$1.56	$1.00	$0.71	$0.50	$0.40	$-0.18	$-0.14
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.16%	1.14%	-0.24%	1.08%	1.26%	1.07%	0.83%	1.17%	1.34%	0.60%	0.07%

According to 2 Wall Street analysts, Suncor Energy's projected average Quarter EPS for Jun 23 is $0.93, with a low estimate of $0.80 and a high estimate of $1.06. This represents a -39.49% decrease compared to SU previous annual EPS of $1.54 (Mar 23).

Suncor Energy Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
EQNR	Equinor ASA	$22.68	$82.50	263.76%	Hold
CVE	Cenovus Energy	$14.77	$31.00	109.88%	Buy
SU	Suncor Energy	$35.84	$65.00	81.36%	Buy
BP	BP p.l.c.	$29.08	$47.50	63.34%	Buy
E	Eni S.p.A.	$26.85	$39.60	47.49%	Buy
SHEL	Shell	$61.88	$88.00	42.21%	Buy
TTE	TotalEnergies SE	$54.25	$77.00	41.94%	Hold
XOM	Exxon Mobil	$108.01	$133.11	23.24%	Buy
PBR	Petróleo Brasileiro S.A. - Petrobras	$13.52	$16.50	22.04%	Buy
CVX	Chevron	$148.11	$170.33	15.00%	Buy
EC	Ecopetrol	$7.89	$8.50	7.73%	Buy

SU Forecast FAQ

Is Suncor Energy a good buy?

Yes, according to 13 Wall Street analysts, Suncor Energy (SU) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 76.92% of SU's total ratings.

What is SU's price target?

Suncor Energy (SU) average price target is $65 with a range of $65 to $65, implying a 88.41% from its last price of $34.5. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Suncor Energy stock go up soon?

According to Wall Street analysts' prediction for SU stock, the company can go up by 88.41% (from the last price of $34.5 to the average price target of $65), up by 88.41% based on the highest stock price target, and up by 88.41% based on the lowest stock price target.

Can Suncor Energy stock reach $50?

SU's average twelve months analyst stock price target of $65 supports the claim that Suncor Energy can reach $50 in the near future.

What are Suncor Energy's analysts' financial forecasts?

Suncor Energy's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $44.55B (high $49.36B, low $39.79B), average EBITDA is $12.7B (high $14.07B, low $11.34B), average net income is $5.79B (high $6.6B, low $4.98B), average SG&A $12.46B (high $13.8B, low $11.13B), and average EPS is $4.55 (high $5.19, low $3.92). SU's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $45.65B (high $50.58B, low $40.76B), average EBITDA is $13.01B (high $14.42B, low $11.62B), average net income is $6.27B (high $7.15B, low $5.4B), average SG&A $12.76B (high $14.14B, low $11.4B), and average EPS is $4.93 (high $5.63, low $4.25).

Did the SU's actual financial results beat the analysts' financial forecasts?

Based on Suncor Energy's last annual report (Dec 2022), the company's revenue was $58.34B, beating the average analysts forecast of $51.12B by 14.11%. Apple's EBITDA was $23.19B, beating the average prediction of $16.56B by 40.02%. The company's net income was $9.08B, beating the average estimation of $8.74B by 3.81%. Apple's SG&A was $12.81B, missing the average forecast of $14.58B by -12.18%. Lastly, the company's EPS was $6.54, missing the average prediction of $7.92 by -17.38%. In terms of the last quarterly report (Mar 2023), Suncor Energy's revenue was $12.27B, beating the average analysts' forecast of $11.46B by 7.09%. The company's EBITDA was $4.05B, beating the average prediction of $3.84B by 5.38%. Suncor Energy's net income was $2.05B, beating the average estimation of $1.08B by 90.24%. The company's SG&A was $3.42B, missing the average forecast of $3.81B by -10.13%. Lastly, the company's EPS was $1.54, beating the average prediction of $1.33 by 16.18%