Suncor Energy Inc. (SU): Find Out What Insiders Are Doing

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Suncor Energy Inc. (NYSE:SU) finished Thursday with a subtraction of -$2.67 to close at $27.51, a downside of -8.85 percent. An average of 3,762,851 shares of common stock have been traded in the last five days. There was a fall of -$3.27 in the past week, and it reached a new high 40 times over the past 12 months. The last 20 days have seen an average of 4,501,417 shares traded, while the 50-day average volume stands at 5,285,511.

SU stock has decreased by -12.06% in the last month. The company shares reached their 1-month lowest point of $27.38 on 09/23/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $19.85 and a high of $42.72 in 52 weeks. It has reached a new high 32 times so far this year and achieved 20.58% or $2.43 in price. In spite of this, the price is down -35.60% from the 52-week high.


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Valuation Metrics

Suncor Energy Inc. (SU) has a trailing price-to-earnings (P/E) ratio of 6.07. The stock’s beta is 1.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.09, the price-to-book (PB) ratio at 1.41, and the price-to-cash flow ratio at 5.55.

The company has a payout ratio of 30.50%. The company’s most recent quarterly dividend payment was $0.3656 a share, representing a up of 0.91% from $0.3623 last year. Its latest increase dividend $0.0033 reported on Monday August 8 2022.

Financial Health

The quick ratio of Suncor Energy Inc. for the three months ended June 29 was 0.70, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.39 and a total debt to equity ratio of 0.44 for the quarter ending June 29. Its gross profit as reported stood at $19.01 billion compared to revenue of $31.2 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 11.10%.

Earnings Surprise

For the three-month period that ended June 29, Suncor Energy Inc. had $101.88 million in cash and short-term investments compared to $1.91 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.22 billion in the quarter, while revenues were shrunk -13.59%. The analyst consensus anticipated Suncor Energy Inc.’s latest quarter earnings to come in at $1.86 per share, but it turned out to be $2.01, a 8.10% surprise. For the quarter, EBITDA amounted to $5.0 billion.

Technical Picture

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 22 September was 23.45%, suggesting the stock is oversold, with historical volatility in this time frame at 48.30%.

As of today, SU’s price is $30.08 -10.65% or -$3.27 from its 5-day moving average. SU is currently trading -21.33% lower than its 20-day SMA and -23.81% lower than its 100-day SMA. However, the stock’s current price level is -6.99% below the SMA50 and +9.55% above the SMA200.

The stochastic %K and %D were 10.68% and 21.93%, respectively, and the average true range (ATR) was 1.30. With the 14-day stochastic at 1.55% and the average true range at 1.26, the RSI (14) stands at 30.44%. The stock has reached -1.34 on the 9-day MACD Oscillator while the 14-day reading was at -1.55.

Analyst Ratings

The consensus rating for Suncor Energy Inc. (SU) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell SU, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 11 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 $35.38 and $49.63, with a median target of $43.17. Taking a look at these predictions, the average price target given by analysts for Suncor Energy Inc. (SU) stock is $42.86.

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