Suncor Energy Inc. (NYSE:SU) saw an upside of 1.48% to $31.57 after adding $0.46 on Wednesday. The 5-day average trading volume is 3,283,900 shares of the company’s common stock. It has gained $31.70 in the past week and touched a new high 3 times within the past 5 days. An average of 4,202,940 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,161,004.
SU’s 1-month performance is 7.09% or $2.48 on its low of $28.65 reached on 07/18/23. The company’s shares have touched a 52-week low of $26.42 and high of $37.23, with the stock’s rally to the 52-week high happening on 03/03/23. YTD, SU has lost -0.50% or -$0.02 and has reached a new high 10 times. However, the current price is down -15.20% from the 52-week high price.
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Valuation Metrics
SU stock has a beta of 1.29. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.96 while the price-to-book (PB) in the most recent quarter is 1.40, with the price to cash flow ratio at 13.65.
Suncor Energy Inc.’s quick ratio for the period ended March 30 was 0.70, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.32, while the total debt to equity was 0.42. In terms of profitability, the gross margin trailing 12 months is 64.00%. The trailing 12-month EBITDA margin is 39.47% while for the period ending March 30, Suncor Energy Inc.’s operating margin was 21.60%. The firm’s gross profit as reported stood at $27.71 billion against revenue of $44.97 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Suncor Energy Inc.’s cash and short-term investments amounted to $101.88 million against total debt of $16.84 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -13.59% to $2.22 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected SU to announce $0.97 per share in earnings in its latest quarter, but it posted $1.02, representing a 5.20% surprise. EBITDA for the quarter stood at more than $3.43 billion. SU stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 33.12 billion, with total debt at $16.84 billion.
Let’s look briefly at Suncor Energy Inc. (SU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 70.01% to suggest the stock is trending Overbought, with historical volatility in this time period at 25.76%.
The stock’s 5-day moving average is $30.94, reflecting a +5.12% or $1.55 change from its current price. SU is currently trading +6.75% above its 20-day SMA, +8.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.09% and SMA200 by-0.58%.
Stochastic %K and %D was 86.26% and 76.79% and the average true range (ATR) pointed at 0.75. The RSI (14) points at 65.20%, while the 14-day stochastic is at 100.00% with the period’s ATR at 0.74. The stock’s 9-day MACD Oscillator is pointing at 0.34 and 0.62 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Suncor Energy Inc. (NYSE: SU), BMO Capital Markets downgraded it to a Market perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for SU stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SU as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 10 have offered a “buy” rating.
What is SU’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $31.90 and a high of $50.09, with their median price target at $35.68. Looking at these predictions, the average price target given by analysts is for Suncor Energy Inc. (SU) stock is $37.25.
