The Price Of Suncor Energy Inc. (SU) Has Climbed $50.68 Past Week


The stock of Suncor Energy Inc. (NYSE:SU) decreased by -$1.52 on Tuesday to finish at $30.21, down -4.79 percent. The last five days have seen an average of 3,221,120 shares of common stock traded. The average number of shares traded over the last 20 days was 5,587,345, while the average volume over the last 50 days totaled 5,406,634.

SU stock dropped -5.92% since last month. On 12/19/22, the company’s shares reached a one-month low of $29.32. The stock touched a high of $42.72 on 01/03/23, after rallying from a low of $24.67 in 52 weeks. The price of SU stock has declined by -4.79%. Still, the stock price is down -29.28% 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 7.39. Beta for the stock is 1.28. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.98, the price-to-book (PB) ratio of 1.46, and the price-to-cash flow ratio of 5.16.

Company paid $0.3911 per share in dividends, an increase of 6.97% from $0.3656 last year. A $0.0255 dividend increase was reported on Wednesday November 16 2022.

Financial Health

For the three months ended September 29, Suncor Energy Inc.’s quick ratio was 0.90, while its current ratio was 1.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.42, and the total debt to equity ratio is 0.50. As far as profitability goes, gross margin for the trailing twelve months is 63.70% percent. Suncor Energy Inc.’s operating margin stood at 21.90% for the same period. Based on annual data, it had gross profit of $19.01 billion and revenue of $31.2 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SU’s return on assets (ROA) during the last 12 months has been 9.30%. There was a 8.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 20.60%.

Earnings Surprise

According to Suncor Energy Inc.’s quarterly financial report for the quarter that ended September 29, it had $1.91 billion in total debt versus $101.88 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $29.87 billion, while revenues rose by 0.01% to $0.0. It was predicted that Suncor Energy Inc.’s quarterly earnings would be $1.39, but it ended up being $1.35, beating the consensus by 3.00%. EBITDA was $4.06 billion for the quarter. At the end of Suncor Energy Inc.’s most recent quarter ended September 29, its liabilities totaled 35.89 billion, while its total debt was $19.24 billion.

Technical Picture

Here’s a quick look at Suncor Energy Inc.’s (SU) price momentum from a technical perspective. As of 03 January, the RSI 9-day stood at 40.29%, suggesting the stock is Neutral, with a 42.87% historical volatility rate.

The stochastic %K and %D were 70.89% and 78.67% respectively, while the average true range (ATR) was 1.02. Based on the 14-day stochastic reading of 33.15%, the RSI (14) reading is 41.53%. On the 9-day MACD Oscillator, the stock is at 0.02, and the 14-day reading is at 0.24.

Analyst Ratings

In its analyst report released on October 19, 2022, Jefferies began covering Suncor Energy Inc. (NYSE: SU). The stock was rated as a Hold by the brokerage firm.


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