appeared first on The Motley Fool Canada. CALGARY — Suncor Energy Inc. said Thursday it will produce less bitumen than expected this year from its Fort Hills oilsands mine. 12 Wall Street analysts have issued ratings and price targets for Suncor Energy in the last 12 months. 5/28/2021 – Suncor Energy had its “buy” rating reaffirmed by analysts at Tudor Pickering. The data shows that as of June 29, 2021 short interest in Suncor Energy Inc. (SU) stood at 0.83% of shares outstanding, with shares short rising to 12.37 Million registered in May. Suncor Energy Inc. (NYSE:SU) has a beta value of 1.73 and has seen 10.16 million shares traded in the last trading session. On average, Wall Street analysts predict that . The $20 strike June 18th 2021 options look to me like extraordinary value. Suncor Energy Inc Stock Forecast, "SU" Stock Predictons by days: 2021. This change lagged the S&P 500's daily gain of 0.35%. Their forecasts range from $22.00 to $40.00. As a group, sell-side analysts forecast that Suncor Energy will … However, solely looking at the historical price movement is usually misleading. Suncor Energy has confirmed that its next quarterly earnings report will be published on Wednesday, July 28th, 2021. Suncor Energy (SU) Stock Sinks As Market Gains: What You Should Know. Suncor Energy Inc. Stock Predictons by days: 2021. Stock Advisor launched in February of 2002. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Output is expected to be 45,000-55,000 barrels per day this year, down from a previous forecast of 65,000-85,000 bpd and cash costs will rise to C$37-C$42 in 2021, up from a previous forecast of C$25-C$29 a barrel. Suncor Energy (SU) Stock Sinks As Market Gains: What You Should Know. Another reason investing in Suncor could be a great move next year is … The company’s stock had a trading volume of 281,952 shares, compared to its average volume of 7,616,494. Suncor Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "SU.". Suncor Energy declared a quarterly dividend on Wednesday, July 25th. Shareholders of record on Tuesday, September 4th will be given a dividend of $0.274 per share on Tuesday, September 25th. Wall Street analysts expect Suncor Energy will be reporting earnings per share of … 6/7/2021 – Suncor Energy had its price target raised by analysts at Evercore Inc. from C$29.00 to C$31.00. Current price change has pushed the stock +29.02% YTD, which shows the potential for further growth is there. Yet analysts are ramping up their growth forecast for the fiscal year 2021. I n the latest trading session, Suncor Energy (SU) closed at $20.93, marking a … However, the picture is entirely different this year. Suncor said in its earnings release that Fort Hills operating costs are now estimated to be C$37-C$42 in 2021, up from a previous estimate of C$25-C$29 a barrel. If you are looking for stocks with good return, Suncor Energy, Inc. stock can be a bad, high-risk 1-year investment option. Suncor Energy will be holding an earnings conference call on Thursday, July 29th at 9:30 AM Eastern. Suncor Energy Inc. (SU) saw downtrend of -0.57% in the recent trading with $20.81 being its most recent. This suggests a possible upside of 35.5% from the stock's current price. The stabilization work means Suncor will delay ramping up Fort Hills production until the end of 2021. Unless otherwise noted, all financial figures are in Canadian dollars. The dividend yield on the company stock is 3.52%, while its Forward Dividend ratio is 0.70. A week ago, Suncor Energy Inc. came out with a strong set of first-quarter numbers that could potentially lead to a re-rate of the stock.It was overall a positive result, with revenues beating expectations by 6.4% to hit CA$8.6b. The post Suncor Stock: How High Could it Go in 2021? Suncor generated funds from … The data shows that as of June 29, 2021 short interest in Suncor Energy Inc. (SU) stood at 0.83% of shares outstanding, with shares short rising to 12.37 Million registered in May. Jul. The company’s revenue is forecast to grow by 16.30% over what it did in 2018. Suncor Energy Inc. has a market cap of $32.27 billion and is expected to release its quarterly earnings report on Oct 26, 2021 – Nov 01, 2021. Suncor stock is up 100% from the 2020 lows, and big gains could be on the way. Suncor Energy (SU) Stock Sinks As Market Gains: What You Should Know From Zacks Investment Research Jul 5, 2021 Suncor Energy (SU) closed at $23.93 in the latest trading session, marking a … The 2021 estimates are for Suncor Energy Inc. earnings to decrease by -252.4%, but the outlook for the next 5-year period is at 12.59% per year. and has now fallen 7 days in a row.During the day the stock fluctuated 3.63% from a day low at $19.56 to a day high of $20.27.The price has fallen in 9 of the last 10 days and is down by -16.8% for this period. I n the latest trading session, Suncor Energy (SU) closed at $20.93, marking a … Suncor’s Q1 2021 results clearly showed how the rebound in oil prices is helping the company bounce back from a brutal 2020. Find real-time SU - Suncor Energy Inc stock quotes, company profile, news and forecasts from CNN Business. The average price target represents a 29.62% from the last price of C$28.98. Suncor trades near $24 per share at the time of writing. – C $ 42 in 2021, up from previous forecast of C $ 25 to 29 per barrel. DUBLIN, July 29, 2021--The "Social and Emotional Learning Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to … For Suncor Energy Inc. stock forecast 2021, 5 predictions are offered for each month of 2021 with average Suncor Energy Inc. stock forecast of 34.54, a high forecast of 38.38, and a low forecast of 30.54. However the work will not impact Suncor's long-term forecast for cash costs, which is C$20 a barrel by 2040, Chief Executive Mark Little told an earnings call. Suncor Energy Inc. (SU) saw downtrend of -3.09% in the recent trading with $20.98 being its most recent. The next dividend is forecast to go ex-div in 1 month and is expected to be paid in 2 … Cumulative Growth of a $10,000 Investment in Stock Advisor Calculated by Time-Weighted Return Stronger results in 2021 could help drive a lot more bullishness behind the stock next year. Suncor Energy Inc. (SU) shares have gone up 15.35% during the last six months, with a year-to-date growth rate more than the industry average at 281.82% against 38.60. The highest, average, and lowest price target of all analysts. At today's market cap, Suncor would be buying back ~5% of its stock. The current price level -18.46% lower than the highest price of $25.73 marked by the stock while trading over the past 52-weeks, whereas it is 96.63% higher than the lowest price of $10.67 the company dropped to over past 52-weeks. Revenue is predicted to grow 28.20% this quarter and then jump 300.00% in the quarter after that. The company, currently valued at $30.83B, closed the last trade at $20.36 per share which meant it lost -$0.95 on the day or -4.46% during that session. The global economy could rebound stronger than expected in 2021 and oil prices should drift higher. 000 to 85,000 bpd and cash costs will increase to C $ 37. On April 11 2021 Suncor Energy was traded for 20.87 at the closing time. Suncor Energy, weighed down by production issues at the Fort Hills oilsands mine, fell 3 per cent, or 79 cents each, to $24.92 per share. Investors who missed the rally in the stock off the 2020 lows wonder if Suncor stock is still undervalued. As of 2021 July 26, Monday current price of SU stock is 21.085$ and our data indicates that the asset price has been in an uptrend for the past 1 year (or since its inception). CALGARY — Suncor Energy Inc. swung to an $868-million profit in its latest quarter on increased oil output a year after COVID-19 prompted an unprecedented decline in transportation fuel demand. Here's why. Suncor Energy Inc. (NYSE: SU) shares have advanced from $17 above $24 since the beginning of February 2021, and the current price stands around $23. According to the data, the short interest in Suncor Energy Inc. (SU) stood at 0.61% of shares outstanding as of May 13, 2021; the number of short shares registered in Apr 14, 2021 reached 9.94 million. Output is expected to be 45,000-55,000 barrels per day this year, down from a previous forecast of 65,000-85,000 bpd and cash costs will rise to C$37-C$42 in 2021, up from a … Suncor Energy has generated ($1.10) earnings per share over the last year and currently has a price-to-earnings ratio of 407.2. On average, they expect Suncor Energy's share price to reach $30.70 in the next twelve months. However the work will not impact Suncor's long-term forecast for cash costs, which is C$20 a barrel by 2040, Chief Executive Mark Little told an earnings call. This suggests a possible upside of 21.1% from the stock's current price. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.30 billion. The highest price during the trading period was 21.17 and the lowest recorded bid was listed for 20.83. Suncor Energy announces 2021 production outlook and capital allocation. Suncor Energy's share price could stay at $28.00 by Oct 26, 2021. The stabilization work means Suncor will delay ramping up Fort Hills production until the end of 2021. The company has debt maturities worth C$1.8 billion during the 2021-2022 forecast period and C$7.9 billion in total liquidity. View analysts' price targets for Suncor Energy or … Likewise, the $31.53 billion integrated energy company appears to be a grossly undervalued stock, which borders on comical. Returns as of 07/27/2021. We will share our medium-term corporate outlook, providing an update on the progress of our $2B of free funds flow generation and other strategic objectives. Find the latest Suncor Energy Inc. (SU) stock forecast based on top analyst's estimates, plus more investing and trading data from Yahoo Finance ... Argus • July 21, 2021. By Mar 30, 2021, it held 5.08% of the shares, which is about 76.42 million shares worth $1.6 billion. Historical Earnings Surprises and Revenue Forecasts Profit is the most critical financial performance measu We will share our medium-term corporate outlook, providing an update on the progress of our $2B of free funds flow generation and other strategic objectives. Suncor Energy Inc.’s next quarterly earnings report is expected to be released around July 20 – July 26, 2021. Debt Coverage: SU's debt is well covered by operating cash flow (20.5%). Analysts tracking RSLS have forecast the quarterly EPS to shrink by -0.33 per share this quarter, while the same analysts predict the annual EPS to hit -$1.63 for the year 2021 and up to -$1.25 for 2022. The SU stock price is - The Suncor Energy Inc stock price fell by -5.10% on the last day (Monday, 19th Jul 2021) from $20.98 to $19.91. The firm earned $8.64 billion during the quarter, compared to analysts' expectations of $7.90 billion. Their average twelve-month price target is C$33.88, predicting that the stock has a possible upside of 24.18%. Could Suncor stock double in 2021? Stock Predictons by days: 2021 Search Stock, FX pair, Crypto, or Commodity... Suncor … Suncor Stock Forecast is based on your current time horizon. Close price at the end of the last trading day (Friday, 23rd Jul 2021) of the SU stock was $20.81. The Calgary-based oilsands producer and refiner cut its 2021 production guidance for Fort Hills in northern Alberta to between 45,000 and 55,000 barrels per day, from a previous 65,000 to 85,000 barrels per day. Reducing Debt: SU's debt to equity ratio has increased from 39.1% to 48.8% over the past 5 years. Suncor Energy Inc. has a market cap of $32.27 billion and is expected to release its quarterly earnings report on Oct 26, 2021 – Nov 01, 2021. The annual dividend yield of the stock is 2.74 percent and its annual dividend per share was $0.7. I n the latest trading session, Suncor Energy (SU) closed at $23.93, marking a … The stabilization work means Suncor will delay ramping up Fort Hills production until the end of 2021. Debt to Equity History and Analysis. The reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by $0.06. CALGARY, Alberta, Nov. … Suncor Energy had a net margin of 0.34% and a negative return on equity of 1.35%. The stabilization work means that Suncor will delay the increase in production from Fort Hills until the end of 2021. (A Top Pick Oct 01/20, Up 70.1%) Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with SU continues to do well. A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Suncor Energy Inc. 3 upward and no downward comments were posted in the last 7 days. Wells Fargo raised the price target for the Suncor Energy Inc. (NYSE:SU) stock from “an Overweight” to “an Equal weight”. A high-level overview of Suncor Energy Inc. (SU) stock. They now have a C$28.00 price target on the stock. This suggests a possible upside of 35.5% from the stock's current price. Suncor Energy has generated ($1.10) earnings per share over the last year and currently has a price-to-earnings ratio of 407.2. The average Suncor Energy Inc. stock forecast 2021 represents a 19.67% increase from the last price of … Get Our PREMIUM Forecast Now, from ONLY $8.49! This change lagged the S&P 500's daily gain of 1.02%. People are now talking about how high Suncor could go in 2021 because of the industry tailwinds. View analysts' price targets for Suncor Energy or … Suncor Energy Inc (SU-T) May 20, 2021. SU opened at C$26.72 on Tuesday. About the Suncor Energy, Inc. stock forecast. The volume for the day was 4.1 M. This history from April 11, 2021 did not result in any price rise and fall. This is 0.57% less than the trading day before Thursday, 22nd Jul 2021. Suncor Energy Inc Stock Forecast. … Their forecasts range from C$22.00 to C$48.00. Suncor Energy is a Canadian integrated energy company based in Alberta (Source: Suncor). Suncor Energy Inc Stock Price Forecast, "SU" Predictons for2022 Current Stock Price for Suncor Energy (SU)? The stock looks cheap right now, especially if WTI is destined to hold the 2021 gains or even move higher. Suncor Energy Inc., whose market valuation is $31.19 billion at the time of this writing, is expected to release its quarterly earnings report Jul 20, 2021 – Jul 26, 2021. Suncor earnings. Over the next 52 weeks, Suncor Energy Inc has on average historically risen by 28.5 % based on the past 26 years of stock performance. Suncor’s second quarter 2021 operating earnings were $722 million ($0.48 per common share), compared to an operating loss of $1.345 billion ($0.88 per … Their forecasts range from $22.00 to $42.00. On average, they expect Suncor Energy's stock price to reach $30.91 in the next year. This suggests a possible upside of 23.7% from the stock's current price. View analysts' price targets for Suncor Energy or view top-rated stocks among Wall Street analysts. Suncor Energy Inc. (SU) shares have gone up 15.35% during the last six months, with a year-to-date growth rate more than the industry average at 281.82% against 38.60. Suncor’s stock price has more room to run in 2021 as oil prices rebound. Suncor Energy also reported a statutory profit of CA$0.54, which was an impressive 49% above what the analysts had forecast. Suncor Energy, Inc. real time quote is equal to 23.270 USD at 2021-07-12, but your current investment may be devalued in the future. On behalf of Mark Little and the Suncor management team we invite you to join us at our 2021 Suncor Energy Virtual Investor Day. Suncor Energy (SU) closed at $20.81 in the latest trading session, marking a -0.57% move from the prior day. Returns as of 07/24/2021. Debt Level: SU's debt to equity ratio (48.8%) is considered high. On behalf of Mark Little and the Suncor management team we invite you to join us at our 2021 Suncor Energy Virtual Investor Day. Stabilization work means Suncor will delay increasing production from Fort Hills until the end of 2021. Suncor Energy Inc has risen higher in 20 of those 26 years over the subsequent 52 week period, corresponding to a historical accuracy of 76.92 % ReShape Lifesciences Inc., which has a market valuation of $40.09 million. The Calgary-based oilsands producer and refiner reported as markets closed on Wednesday that it earned 58 cents per share, up from a loss of 40 cents per share or $614 million a year earlier. The current price level -19.12% lower than the highest price of $25.73 marked by the stock while trading over the past 52-weeks, whereas it is 95.03% higher than the lowest price of $10.67 the company dropped to over past 52-weeks. A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Suncor Energy Inc. 3 upward and no downward comments were posted in the last 7 days. The high price target for SU is C$48.00 and the low price target for SU is C$22.00. Home. The previous Suncor Energy, Inc. (SU) dividend was 21c and was paid 1 month ago. On average, they expect Suncor Energy's stock price to reach C$33.50 in the next year. marketingsentinel 6/30/2021 Suncor Energy Inc. 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