The stock of Suncor Energy Inc. (NYSE:SU) decreased by -$0.3 on Friday to finish at $31.42, down -0.96 percent. The last five days have seen an average of 3,631,243 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$0.36. The average number of shares traded over the last 20 days was 4,282,826, while the average volume over the last 50 days totaled 4,055,500.
SU stock appreciated 8.63% since last month. On 07/18/23, the company’s shares reached a one-month low of $28.65. The stock touched a high of $37.23 on 03/03/23, after rallying from a low of $26.42 in 52 weeks. The price of SU stock has declined by -0.99% or -$0.36 this year, reaching a new high 10 times. Still, the stock price is down -15.62% from the 52-week high.
Valuation Metrics
Suncor Energy Inc. (SU) has a trailing price-to-earnings (P/E) ratio of 7.08. Beta for the stock is 1.29. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.97, the price-to-book (PB) ratio of 1.40, and the price-to-cash flow ratio of 8.30.
Company paid $0.3840 per share in dividends, a decrease of -1.79% from $0.3910 last year. A $0.0070 dividend decrease was reported on Monday May 8 2023.
Financial Health
For the three months ended March 30, Suncor Energy Inc.’s quick ratio was 0.70, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.32, and the total debt to equity ratio is 0.42. As far as profitability goes, gross margin for the trailing twelve months is 64.00% percent. Suncor Energy Inc.’s operating margin stood at 21.60% for the same period. Based on annual data, it had gross profit of $27.71 billion and revenue of $44.97 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 9.60%. There was a 19.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 20.80%.
Earnings Surprise
According to Suncor Energy Inc.’s quarterly financial report for the quarter that ended March 30, 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 $1.02, but it ended up being $0.97, beating the consensus by 5.20%. EBITDA was $3.43 billion for the quarter. At the end of Suncor Energy Inc.’s most recent quarter ended March 30, its liabilities totaled 33.12 billion, while its total debt was $16.84 billion.
Technical Picture
Here’s a quick look at Suncor Energy Inc.’s (SU) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 60.52%, suggesting the stock is Neutral, with a 26.63% historical volatility rate.
The stochastic %K and %D were 77.08% and 82.18% respectively, while the average true range (ATR) was 0.74. Based on the 14-day stochastic reading of 68.94%, the RSI (14) reading is 59.84%. On the 9-day MACD Oscillator, the stock is at 0.49, and the 14-day reading is at 0.61.
Analyst Ratings
Suncor Energy Inc. (NYSE: SU) was downgraded by BMO Capital Markets to a a Market perform rating in its latest research report. The stock was previously rated as a an Outperform.
What is SU’s price target for the next 12 months?
The current consensus forecast for the stock is between $31.90 and $50.09, with a median target price of $35.68. In analyzing these forecasts, the average price target given by analysts for Suncor Energy Inc. (SU) is $37.18.
