This Week’s Hot Stock: Suncor Energy Inc. (SU)

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The stock of Suncor Energy Inc. (NYSE:SU) increased by $0.45 on Tuesday to finish at $32.89, up 1.39 percent. The last five days have seen an average of 4,692,700 shares of common stock traded. 5 times new highs were reached in the current year, with a gain of $1.16. The average number of shares traded over the last 20 days was 4,215,590, while the average volume over the last 50 days totaled 5,377,176.

SU stock appreciated 5.72% 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 01/17/23, after rallying from a low of $25.27 in 52 weeks. The price of SU stock has risen by 3.66% or $1.16 this year, reaching a new high 5 times. Still, the stock price is down -23.00% 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 7.93. Beta for the stock is 1.30. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.06, the price-to-book (PB) ratio of 1.57, and the price-to-cash flow ratio of 5.55.

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 17 January, the RSI 9-day stood at 65.89%, suggesting the stock is Neutral, with a 40.69% historical volatility rate.

The stochastic %K and %D were 93.99% and 89.53% respectively, while the average true range (ATR) was 0.91. Based on the 14-day stochastic reading of 97.36%, the RSI (14) reading is 58.97%. On the 9-day MACD Oscillator, the stock is at 1.09, and the 14-day reading is at 1.15.

Analyst Ratings

Suncor Energy Inc. (NYSE: SU) was downgraded by Wells Fargo to a an Equal weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Suncor Energy Inc. (SU) an Overweight rating. SU is a stock that is recommended for selling by 1 brokerage firm, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 12 others recommend it as a buy.

What is SU’s price target for the next 12 months?

The current consensus forecast for the stock is between $32.08 and $48.96, with a median target price of $38.81. In analyzing these forecasts, the average price target given by analysts for Suncor Energy Inc. (SU) is $39.12.

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