Suncor Energy (SU) Stock Forecast, Price Target & Predictions
SU Stock Forecast
Suncor Energy stock forecast is as follows: an average price target of $40.78 (represents a 11.91% upside from SU’s last price of $36.44) 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 $40.78 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $62.00 to $26.26. This represents a potential 11.91% upside from SU's last price of $36.44.
SU Analyst Ratings
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 |
|---|---|---|---|---|---|---|
| May 22, 2024 | Randy Ollenberger | BMO Capital | $62.00 | $40.69 | 52.35% | 70.14% |
| May 20, 2022 | - | Goldman Sachs | $43.00 | $37.82 | 13.70% | 18.00% |
| May 04, 2022 | Michelle Weaver | Morgan Stanley | $45.00 | $37.22 | 20.92% | 23.49% |
| Feb 03, 2022 | Matt Murphy CFA | Tudor Pickering | $33.42 | $28.91 | 15.60% | -8.28% |
| Jan 25, 2022 | Devin McDermott | Morgan Stanley | $36.60 | $27.32 | 33.98% | 0.45% |
| Jan 10, 2022 | Doug Leggate | Bank of America Securities | $35.01 | $26.33 | 32.98% | -3.92% |
| Oct 19, 2021 | Neil Mehta | Goldman Sachs | $22.28 | $22.60 | -1.41% | -38.86% |
| Jul 30, 2021 | Stephen Richardson | Evercore ISI | $26.26 | $18.98 | 38.35% | -27.94% |
The latest Suncor Energy stock forecast, released on May 22, 2024 by Randy Ollenberger from BMO Capital, set a price target of $62.00, which represents a 52.35% increase from the stock price at the time of the forecast ($40.69), and a 70.14% increase from SU last price ($36.44).
Suncor Energy Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $62.00 |
| Last Closing Price | $36.44 | $36.44 | $36.44 |
| Upside/Downside | -100.00% | -100.00% | 70.14% |
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 $36.44. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 |
Suncor Energy's last stock rating was published by National Bank on Aug 08, 2024. The company gave SU a "Outperform" 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 | $20.04B | $19.42B | $18.82B | $18.23B | $11.75B | $11.73B | $11.23B | $11.44B | $13.97B | $14.54B | $13.96B | $13.70B | $13.31B | $13.99B | $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 | $21.56B | $20.89B | $20.24B | $19.61B | $12.63B | $12.62B | $12.08B | $12.31B | $15.03B | $15.64B | $15.02B | $14.73B | $14.31B | $14.88B | $13.70B | $14.03B | $14.84B | $17.26B | $11.61B | $12.33B | $14.03B | $13.92B | $13.33B | $12.63B | $11.78B | $11.23B | $9.15B | $9.48B | $7.83B | $7.67B |
| Low Forecast | $18.42B | $17.85B | $17.30B | $16.76B | $10.80B | $10.78B | $10.33B | $10.52B | $12.84B | $13.36B | $12.83B | $12.59B | $12.23B | $12.31B | $11.71B | $11.99B | $12.23B | $7.85B | $9.93B | $10.53B | $11.99B | $11.89B | $13.33B | $10.79B | $10.06B | $9.59B | $7.82B | $8.10B | $6.69B | $6.55B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 12 | 13 | 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 $9.93B, and a high forecast of $11.61B. 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 | 1 | 1 | 3 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 12 | 13 | 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 | $6.15B | $5.95B | $5.77B | $5.59B | $3.60B | $3.60B | $3.44B | $3.51B | $4.28B | $4.46B | $4.28B | $4.20B | $4.08B | $4.29B | $3.91B | $4.24B | $4.03B | $4.08B | $3.31B | $3.84B | $4.00B | $1.65B | $4.09B | $3.23B | $5.35B | $3.22B | $3.31B | $2.57B | $3.39B | $1.27B |
| High Forecast | $6.61B | $6.41B | $6.21B | $6.01B | $3.87B | $3.87B | $3.71B | $3.77B | $4.61B | $4.80B | $4.60B | $4.52B | $4.39B | $4.56B | $4.20B | $5.09B | $4.55B | $5.29B | $3.56B | $4.61B | $4.30B | $1.98B | $4.09B | $3.87B | $6.42B | $3.44B | $3.98B | $3.08B | $4.07B | $1.52B |
| Low Forecast | $5.65B | $5.47B | $5.30B | $5.14B | $3.31B | $3.31B | $3.17B | $3.23B | $3.94B | $4.10B | $3.94B | $3.86B | $3.75B | $3.78B | $3.59B | $3.39B | $3.75B | $2.41B | $3.04B | $3.08B | $3.68B | $1.32B | $4.09B | $2.58B | $4.28B | $2.94B | $2.65B | $2.05B | $2.71B | $1.01B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.32% | 3.21% | 1.71% | 1.74% | 0.74% | 0.89% | 0.88% | 1.14% | 0.59% | 1.45% |
2 analysts predict SU's average Quarter EBITDA for Jun 23 to be $3.31B, with a high of $3.56B and a low of $3.04B. This is -18.27% 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 | 1 | 1 | 3 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 12 | 13 | 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 | $2.21B | $2.22B | $2.12B | $1.92B | $1.90B | $2.17B | $1.84B | $1.71B | $1.57B | $1.78B | $1.69B | $1.53B | $1.56B | $1.89B | $1.42B | $1.19B | $1.38B | $1.79B | $1.20B | $1.08B | $2.29B | $-10.79M | $3.40B | $905.89M | $2.09B | $924.63M | $984.03M | $720.00M | $-283.92M | $-8.28M |
| High Forecast | $2.43B | $2.44B | $2.33B | $2.11B | $2.09B | $2.38B | $2.02B | $1.88B | $1.72B | $1.96B | $1.85B | $1.68B | $1.71B | $1.98B | $1.56B | $1.43B | $1.44B | $2.15B | $1.32B | $1.29B | $2.51B | $-8.63M | $3.40B | $1.09B | $2.50B | $1.01B | $1.18B | $864.00M | $-227.13M | $-6.62M |
| Low Forecast | $1.98B | $1.99B | $1.89B | $1.72B | $1.70B | $1.94B | $1.64B | $1.53B | $1.40B | $1.60B | $1.51B | $1.37B | $1.39B | $1.75B | $1.27B | $952.37M | $1.30B | $1.43B | $1.07B | $862.93M | $2.05B | $-12.95M | $3.40B | $724.71M | $1.67B | $820.81M | $787.23M | $576.00M | $-340.70M | $-9.94M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.90% | 1.20% | 56.44% | 1.18% | 3.26% | 0.74% | 0.95% | 0.88% | 1.14% | 0.59% | 1.45% |
Suncor Energy's average Quarter net income forecast for Jun 23 is $1.20B, with a range of $1.07B to $1.32B. SU's average Quarter net income forecast represents a -41.64% 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 | 1 | 1 | 3 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 12 | 13 | 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 | $5.68B | $5.50B | $5.33B | $5.16B | $3.33B | $3.32B | $3.18B | $3.24B | $3.96B | $4.12B | $3.95B | $3.88B | $3.77B | $3.96B | $3.61B | $4.21B | $3.72B | $3.76B | $3.06B | $3.81B | $3.69B | $2.05B | $3.78B | $3.20B | $4.00B | $2.97B | $3.08B | $2.54B | $-6.25B | $1.57B |
| High Forecast | $6.10B | $5.92B | $5.73B | $5.55B | $3.58B | $3.57B | $3.42B | $3.49B | $4.26B | $4.43B | $4.25B | $4.17B | $4.05B | $4.21B | $3.88B | $5.05B | $4.20B | $4.89B | $3.29B | $4.57B | $3.97B | $2.45B | $3.78B | $3.84B | $4.80B | $3.18B | $3.70B | $3.05B | $-5.00B | $1.88B |
| Low Forecast | $5.22B | $5.06B | $4.90B | $4.75B | $3.06B | $3.05B | $2.92B | $2.98B | $3.64B | $3.78B | $3.63B | $3.57B | $3.46B | $3.49B | $3.32B | $3.36B | $3.46B | $2.22B | $2.81B | $3.05B | $3.40B | $1.64B | $3.78B | $2.56B | $3.20B | $2.72B | $2.47B | $2.03B | $-7.50B | $1.26B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | 0.96% | 1.50% | 0.05% | 0.08% | -0.87% | 0.93% | 0.88% | 1.14% | 0.59% | 1.45% |
Suncor Energy's average Quarter SG&A projection for Jun 23 is $3.06B, based on 2 Wall Street analysts, with a range of $2.81B to $3.29B. The forecast indicates a -10.71% 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 | 1 | 1 | 3 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 12 | 13 | 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 | $1.72 | $1.73 | $1.65 | $1.49 | $1.48 | $1.69 | $1.43 | $1.33 | $1.22 | $1.39 | $1.31 | $1.19 | $1.21 | $1.47 | $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 | $1.89 | $1.90 | $1.81 | $1.64 | $1.62 | $1.85 | $1.57 | $1.46 | $1.34 | $1.53 | $1.44 | $1.31 | $1.33 | $1.54 | $1.21 | $1.36 | $1.12 | $1.67 | $1.02 | $1.46 | $1.96 | $2.05 | $2.63 | $1.78 | $1.09 | $0.78 | $0.54 | $0.44 | $-0.16 | $-0.12 |
| Low Forecast | $1.54 | $1.55 | $1.47 | $1.34 | $1.32 | $1.51 | $1.28 | $1.19 | $1.09 | $1.24 | $1.17 | $1.06 | $1.08 | $1.36 | $0.99 | $1.11 | $1.01 | $1.11 | $0.83 | $1.19 | $1.59 | $1.67 | $2.63 | $1.45 | $0.88 | $0.63 | $0.44 | $0.36 | $-0.20 | $-0.15 |
| 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 $0.83 and a high estimate of $1.02. 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 | $25.09 | $82.50 | 228.82% | Hold |
| BP | BP p.l.c. | $31.84 | $43.18 | 35.62% | Buy |
| E | Eni S.p.A. | $30.93 | $39.60 | 28.03% | Buy |
| SHEL | Shell | $67.45 | $84.67 | 25.53% | Buy |
| CVX | Chevron | $140.61 | $174.93 | 24.41% | Buy |
| EC | Ecopetrol | $9.16 | $11.35 | 23.91% | Buy |
| PBR | Petróleo Brasileiro S.A. - Petrobras | $14.53 | $16.47 | 13.35% | Buy |
| SU | Suncor Energy | $36.44 | $40.78 | 11.91% | Buy |
| TTE | TotalEnergies SE | $67.65 | $72.00 | 6.43% | Hold |
| XOM | Exxon Mobil | $111.15 | $118.02 | 6.18% | Buy |
| CVE | Cenovus Energy | $16.20 | $17.01 | 5.00% | 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 $40.78 with a range of $26.26 to $62, implying a 11.91% from its last price of $36.44. 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 11.91% (from the last price of $36.44 to the average price target of $40.78), up by 70.14% based on the highest stock price target, and down by -27.94% based on the lowest stock price target.
Can Suncor Energy stock reach $50?
SU's highest twelve months analyst stock price target of $62 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 $46.15B (high $49.64B, low $42.43B), average EBITDA is $14.15B (high $15.22B, low $13.01B), average net income is $7.61B (high $8.36B, low $6.81B), average SG&A $13.07B (high $14.06B, low $12.01B), and average EPS is $5.92 (high $6.5, low $5.3). SU's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $76.51B (high $82.3B, low $70.34B), average EBITDA is $23.46B (high $25.24B, low $21.57B), average net income is $8.46B (high $9.3B, low $7.58B), average SG&A $21.67B (high $23.3B, low $19.92B), and average EPS is $6.59 (high $7.24, low $5.9).
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 $12.97B by 78.80%. The company's net income was $9.08B, beating the average estimation of $6.58B by 37.90%. Apple's SG&A was $12.81B, beating the average forecast of $12.71B by 0.73%. 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%