Stock Quote Suncor Key Statistics and Analyst Forecasts

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Suncor is one of the largest integrated oil and gas companies in Canada. It's headquartered in Calgary, Alberta.

The company's market capitalization is over $40 billion, making it a significant player in the industry.

Suncor has a history dating back to 1917, when it was founded as a small oil sands project in Alberta.

The company's main operations are in the Athabasca oil sands region of Alberta, where it extracts and processes oil from the tar sands.

Financial Performance

Suncor Energy's revenue took a hit in 2023, decreasing by 15.85% to $49.09 billion compared to the previous year's $58.34 billion.

Their earnings also saw a decline, dropping by 8.62% to $8.30 billion.

Despite these decreases, Suncor Energy is still a strong player in the industry, with a 3-year dividend growth rate of 24.3% and a forward dividend yield of 4.16%.

Their dividend payout ratio is a manageable 0.4%, indicating a stable and sustainable dividend policy.

Here's a summary of Suncor Energy's key financial metrics:

Earnings Calls

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Suncor Energy Inc. releases quarterly earnings call transcripts, which provide valuable information for investors.

These transcripts typically cover a specific period, such as a quarter or a year, and can be found for periods ending in June, March, December, and September.

Suncor Energy's Q2 2022 earnings call transcript is available for the period ending June 30, 2022, and the Q4 2021 earnings call transcript is available for the period ending December 31, 2021.

Q2 2022 Earnings Call Transcript

For a Q2 2022 Earnings Call Transcript, you'll typically find a recording or transcript of a company's conference call with investors and analysts to discuss their financial results for the quarter ending June 30, 2022.

Suncor Energy Inc. released a Q2 2022 Earnings Call Transcript, which is a common practice for publicly traded companies.

The transcript provides a detailed discussion of the company's financial performance, including revenue, profits, and any significant events or challenges that occurred during the quarter.

For another approach, see: Canaccord Financial Stock

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Suncor Energy Inc. also released a Q2 2022 Earnings Call Transcript for the period ending March 31, 2022, which is another common practice for companies to release transcripts for multiple quarters.

Earnings call transcripts like these can be a valuable resource for investors, analysts, and anyone interested in a company's financial health and performance.

Q4 2021 Earnings Call

Suncor Energy's Q4 2021 earnings call was a significant event in the company's history.

The call was for the period ending December 31, 2021, and it marked a notable milestone for the company.

Suncor reported its highest refining throughput in the company's history, a remarkable 488,000 barrels per day.

For your interest: 2021 Meme Stocks

Analyst Forecasts

Analysts are optimistic about Suncor's stock, with an average rating of "Buy" from 6 analysts.

The average 12-month stock price forecast is $56.0, which represents a 47.54% increase from the latest price.

Analysts have provided forecasts for Suncor's financial performance, with estimates ranging from 2025 to 2026.

See what others are reading: Stock Price

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Here's a breakdown of the estimated financial metrics for Suncor:

These estimates suggest a steady increase in revenue and earnings per share, with a corresponding decrease in the P/E ratio.

The number of analysts providing estimates has varied over time, ranging from 6 to 13.

The average estimate for earnings per share in 2025 is 1.166 CAD, while the average estimate for revenue is 12,809 CAD.

Recent News and Events

Suncor Energy, the Canadian oil and gas company, has been making headlines lately. Suncor's stock price has been volatile in recent months, influenced by global oil prices and company performance.

Suncor's quarterly earnings reports have been a key driver of stock price movements. The company's Q3 2022 earnings report showed a significant increase in revenue and net income.

Investors have been closely watching Suncor's progress in reducing its greenhouse gas emissions. The company has set a goal to reduce its emissions by 30% by 2030.

Suncor has been investing heavily in renewable energy projects, including wind and solar power. This move is expected to contribute to the company's emissions reduction targets.

The global demand for oil and gas remains strong, driven by economic growth and increasing energy consumption.

On a similar theme: Meme Stock Price

Key Statistics and Records

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Suncor Energy has a significant market capitalization of $50 billion.

The company's revenue over the past 12 months (TTM) is approximately $40.448 billion.

Suncor's earnings per share (EPS) over the past 12 months is $4.612.

Its beta value is 0.41, indicating relatively low volatility.

The company's 3-year Sharpe Ratio is 0.43, suggesting a moderate level of risk-adjusted return.

The 3-year Sortino Ratio is 0.68, which is slightly higher than the Sharpe Ratio, indicating a higher level of risk-adjusted return.

Best Buying Opportunity for a While

Suncor Energy is a Canadian oil giant that's caught the attention of activist investors, who see a 50% upside potential in the company. This is a significant opportunity for investors looking to get in on the ground floor.

Suncor's strong financials and ample oil reserves make it a buy at $35/share. This is a solid starting point for investors looking to get into the energy sector.

The company's operational efficiency and impressive cost controls are standout features that set it apart from its peers. Suncor's strong shareholder returns are a testament to its effective management.

On a similar theme: Energy Stocks

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Here are some key statistics that highlight Suncor's attractive dividend profile:

Despite current oil price pressure, Suncor's integrated business model and cost efficiencies position it well for long-term success and substantial returns.

Frequently Asked Questions

Is Suncor a good stock to buy today?

Suncor Energy's analyst rating consensus is Moderate Buy, indicating a neutral to positive outlook. Consider opening a brokerage account to learn more about investing in TSE:SU.

What is Suncor stock prediction for 2024?

According to 12 analysts, Suncor Energy's average 12-month price target is C$61.89, representing a 21.69% potential upside from the current price of C$50.86. This forecast suggests a promising outlook for Suncor stock in 2024.

Victoria Funk

Junior Writer

Victoria Funk is a talented writer with a keen eye for investigative journalism. With a passion for uncovering the truth, she has made a name for herself in the industry by tackling complex and often overlooked topics. Her in-depth articles on "Banking Scandals" have sparked important conversations and shed light on the need for greater financial transparency.

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