Suncor Energy Inc. (NYSE:SU) finished Wednesday with an addition of $0.06 to close at $23.48, an upside of 0.26 percent. An average of 6,320,600 shares of common stock have been traded in the last five days. There was a gain of $1.92 in the past week. The last 20 days have seen an average of 6,814,300 shares traded, while the 50-day average volume stands at 7,118,898.
SU stock has increased by 26.51% in the last month. The company shares reached their 1-month lowest point of $18.44 on 09/20/21. With the stock rallying to its 52-week high on 06/15/21, shares of the company touched a low of $10.67 and a high of $25.73 in 52 weeks. In spite of this, the price is down -8.74% from the 52-week high.
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Suncor Energy Inc. (SU) has a trailing price-to-earnings (P/E) ratio of 29.50, which compares with the 18.90 for the broader industry and 19.70 for the sector. In the last five years, Suncor Energy Inc.’s PE ratio has ranged between 562.94 and 7.711. The stock’s beta is 1.64. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.37, the price-to-book (PB) ratio at 1.22, and the price-to-cash flow ratio at 36.52.
Suncor Energy Inc. pays a $0.67 dividend per share annually. It offers a dividend yield of 2.85%. The company has a payout ratio of 105.50%. The company’s most recent quarterly dividend payment took place on Sep. 24, and it was $0.1670 a share, representing a down of -2.22 from $0.1707 last year. Its latest decrease dividend $0.0037 reported on Friday July 30 2021. Dividends have grown by -16.70% each year over the last three years.
Suncor Energy Inc. will next go ex-dividend on 3-Dec. The next dividend payment Suncor Energy Inc. will make is expected to be $0.21.
The quick ratio of Suncor Energy Inc. for the three months ended June 29 was 0.60, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.48 and a total debt to equity ratio of 0.57 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 66.50% against a 5-year average of 40.1%. Suncor Energy Inc.’s EBITDA margin for the year ending June 29 is 16.52%, while its operating margin for the same period stands at 4.60%. Its gross profit as reported stood at $10.84 billion compared to revenue of $18.7 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Suncor Energy Inc.’s return on assets was 1.80%, compared to 1.5% over the last five years. In the past year, the return on investment has been -7.00%, and the 5-year average is 3.0%. Meanwhile, the return on equity (ROE) for the past 12 months has been 4.20% and the 5-year average holds at 2.8%. For the broader industry, ROE averaged 12.45 over the past year.
For the three-month period that ended June 29, Suncor Energy Inc. had $101.88 million in cash. The analyst consensus anticipated Suncor Energy Inc.’s latest quarter earnings to come in at $0.39 per share, but it turned out to be $0.38, a -2.60% surprise. For the quarter, EBITDA amounted to $2.15 billion.
From a technical analysis perspective, let’s take a brief look at Suncor Energy Inc. (SU) price momentum. RSI 9-day as of the close on 13 October was 80.50%, suggesting the stock is Overbought, with historical volatility in this time frame at 27.72%.
As of today, SU’s price is $23.15 +8.91% or $1.92 from its 5-day moving average. SU is currently trading +19.67% higher than its 20-day SMA and +1.43% higher than its 100-day SMA. However, the stock’s current price level is +18.95% above the SMA50 and +37.71% above the SMA200.
The stochastic %K and %D were 87.39% and 91.16%, respectively, and the average true range (ATR) was 0.73. With the 14-day stochastic at 87.67% and the average true range at 0.71, the RSI (14) stands at 74.70%. The stock has reached 1.02 on the 9-day MACD Oscillator while the 14-day reading was at 1.63.
Morgan Stanley launched coverage on Suncor Energy Inc. (NYSE: SU) in its analyst report released on October 07, 2021. The firm assigned the stock a an Overweight rating.The consensus rating for Suncor Energy Inc. (SU) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SU, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 13 others rate it as a “buy”.
What is SU’s price target for the next 12 months?
Analysts predict a range of price targets between $20.89 and $36.85, with a median target of $28.90. Taking a look at these predictions, the average price target given by analysts for Suncor Energy Inc. (SU) stock is $29.15.