Suncor Energy Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 21 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 6 recommended SU as a Hold, whereas 14 deemed it a Buy, and no one rated it as Underweight.
Suncor Energy Inc. (NYSE:SU): Trading Information Today
The consensus price target as assigned by Wall Street analysts is $26, which translates to bears needing to increase their stock price by 23.57% from its current value. Analyst projections state that SU is forecast to be at a low of $19.09 and a high of $31.71. In order for the stock price to hit the forecast high, the stock would need to surge +50.71% from its current level, while the stock would need to crash -9.27% from its current level to reach the projected low.
Suncor Energy Inc. (SU) projections and forecasts
Suncor Energy Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +76.02 percent over the past six months and at a -186.36% annual growth rate that is well below the industry average of 28.4%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +28.2% in revenue this quarter, and will report an increase of 300% in the next quarter. The year-over-year growth rate is expected to be 16.3%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $7.54 Billion in revenue for the current quarter. 7 analysts expect Suncor Energy Inc. to make $7.03 Billion in revenue for the quarter ending in May 2021. The company’s sales for the same quarters a year ago were $6.17 Billion and $5.72 Billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 22.1%. Forecasts for the next quarter put sales growth at 23%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -15.5%. Suncor Energy Inc. earnings are expected to decrease by -252.4% in 2021, but the outlook is negative -7.61% per year for the next five years.
SU Dividend Yield
The annual dividend yield of the stock is 3.16 percent and its annual dividend per share was $0.67. It is important to note, however, that the 3.16% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Suncor Energy Inc. (NYSE:SU)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.01% of Suncor Energy Inc. shares, and 67.65% of them are in the hands of institutional investors. The stock currently has a share float of 67.66%. Suncor Energy Inc. stock is held by 727 institutions, with FIL LTD being the largest institutional investor. By Dec 30, 2020, it held 5.26% of the shares, which is about 80.07 Million shares worth $1.34 Billion.
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Royal Bank of Canada, with 4.54% or 69.13 Million shares worth $1.16 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Dodge & Cox International Stock Fund and Vanguard International Stock Index-Total Intl Stock Indx were the top two Mutual Funds as of Dec 30, 2020. The former held 44571154 shares worth $747.9 Million, making up 2.93% of all outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held roughly 23.06 Million shares worth around $260.38 Million, which represents about 1.52% of the total shares outstanding.