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CA Stocks

Suncor Energy SU.TO (TSX) closes C$79.05 on 02 Mar 2026: traders eye yield

March 3, 2026
5 min read
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SU.TO stock closed at C$79.05 on 02 Mar 2026 as trading volume surged to 13,808,762 shares, making Suncor Energy Inc. (SU.TO) one of the most active names on the TSX. The stock gained 2.60% on the session as oil-linked sentiment and a C$2.40 annualized dividend (dividend yield ~4.20%) drew yield-seeking flows. This report breaks down valuation, technicals, analyst context and our model forecast for Suncor Energy Inc. on the Canada (TSX) market.

SU.TO stock session recap and drivers

Suncor Energy Inc. (SU.TO) outpaced peers with a close at C$79.05, a session high of C$80.12, and a session low of C$78.19. Trading interest was well above average: volume was 13,808,762 vs average 7,107,749, a relative volume near 1.94, signaling institutional participation and active retail flows. The near-term move tracked stronger refined-product cracks and recent dividend news, which set the tone for the most-active trader flow on the TSX today.

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Valuation and fundamentals for SU.TO stock

Suncor’s trailing P/E stands at 16.29 with EPS of 4.85, and market cap about C$94.94 billion, showing a mature integrated-energy valuation. Key ratios include price-to-book 2.09, price-to-free-cash-flow 13.64, and debt-to-equity 0.41, reflecting moderate leverage. Revenue per share is 40.76 and book value per share is 37.60, giving investors a clear view of asset backing and cash generation versus the current SU.TO stock price.

Technicals and trading signals for SU.TO stock

Momentum indicators point to strong short-term buying: RSI is 70.74 (near overbought), ADX 47.13 indicates a strong trend, and MACD sits near its signal line. Bollinger Bands upper band is 79.14, matching the day’s highs, while ATR is 1.79, suggesting measured intraday volatility. Traders should note the 50-day average C$68.76 and 200-day average C$58.97, both well below the current price, signalling a sustained uptrend in SU.TO stock.

Meyka AI rates SU.TO with a score out of 100 and forecasts

Meyka AI rates SU.TO with a score out of 100: 78.56 (B+) — BUY. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects monthly C$72.20, quarterly C$73.03, yearly C$64.38, 3-year C$76.58, 5-year C$88.54, and 7-year C$104.96. Compared with the current C$79.05, the 5-year projection implies an upside of 12.01%, while the one-year projection implies downside of 18.56%. Forecasts are model-based projections and not guarantees.

Analyst views, dividend and sector context for SU.TO stock

Sell-side coverage is mixed but tilted positive: MarketBeat shows a consensus target near C$61.00 and a Moderate Buy stance, while recent broker notes raised targets to C$75.00 and C$54.00 at Royal Bank and Goldman Sachs respectively. Suncor declared a quarterly dividend of C$0.60 (record 04 Mar, pay 25 Mar), supporting yield-focused flows. In the Energy sector, SU.TO stock trades with lower volatility than some peers but benefits from rising commodity margins and refinery exposure.

Risks and opportunities in SU.TO stock trading

Primary risks include oil-price volatility, regulatory and environmental pressures on oil sands operations, and refining margin swings. Opportunities include cash flow from integrated operations, dividend yield near 4.20%, and continuing share buybacks or debt reduction. Short interest and institutional flows deserve monitoring; recent filings show active rotation among major funds that can amplify intraday moves in SU.TO stock. For filings and short-interest data see MarketBeat reports and recent investor filings source.

Final Thoughts

Key takeaways on SU.TO stock: Suncor Energy closed at C$79.05 on 02 Mar 2026 with heavy volume, underlining strong market interest in integrated energy names on the TSX. Valuation looks reasonable with a trailing P/E of 16.29, price-to-book 2.09, and healthy free-cash-flow metrics. Dividend yield near 4.20% and a payout ratio around 47.47% give income investors a clear reason to watch the name. Meyka AI’s forecast model projects a 5-year level of C$88.54, implying a 12.01% upside from today, while the one-year model value of C$64.38 implies downside risk; these divergent horizons highlight near-term sensitivity to oil and refining cycles versus longer-term asset recovery and cash generation. Our grade, trading signals and analyst commentary point to an active-trading setup rather than a buy-and-forget situation. Monitor upcoming earnings, commodity moves and institutional filings, and use position sizing to manage volatility. Meyka AI provides this as data-driven market analysis; forecasts are projections and not guarantees.

FAQs

What pushed SU.TO stock higher on 02 Mar 2026?

SU.TO stock rose as volume spiked to 13,808,762 shares and oil-linked margins strengthened. Dividend news and analyst target upgrades also supported buying. Market momentum indicators signalled a short-term trend, attracting active traders.

Is SU.TO stock fairly valued today?

At C$79.05, SU.TO stock trades at P/E 16.29 and P/B 2.09, near historical midrange for integrated energy. Cash flow and asset backing support the price, but near-term fair value depends on oil prices and refining margins.

What does Meyka AI forecast for SU.TO stock?

Meyka AI’s forecast model projects a 5-year price of C$88.54 (implied upside 12.01%) and a one-year level of C$64.38 (implied downside 18.56%). These model-based projections are not guarantees.

How should traders manage risk in SU.TO stock?

Active traders should size positions, use stop limits around volatility bands (ATR 1.79), and watch catalysts: earnings, oil prices and institutional filings. Dividend yield offers income but does not remove commodity risk.

Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
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