Suncor Energy Inc. (NYSE:SU) finished Thursday with a subtraction of -$0.28 to close at $32.56, a downside of -0.85 percent. An average of 5,426,820 shares of common stock have been traded in the last five days. There was a fall of -$0.07 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 4,965,070 shares traded, while the 50-day average volume stands at 4,329,812.
SU stock has increased by 7.07% in the last month. The company shares reached their 1-month lowest point of $29.75 on 07/26/23. With the stock rallying to its 52-week high on 03/03/23, shares of the company touched a low of $26.42 and a high of $37.23 in 52 weeks. It has reached a new high 10 times so far this year and achieved 2.62% or $0.83 in price. In spite of this, the price is down -12.54% from the 52-week high.
Valuation Metrics
Suncor Energy Inc. (SU) has a trailing price-to-earnings (P/E) ratio of 9.66. The stock’s beta is 1.27. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.08, the price-to-book (PB) ratio at 1.41, and the price-to-cash flow ratio at 12.09.
The company has a payout ratio of 60.20%. The company’s most recent quarterly dividend payment was $0.3930 a share, representing a up of 2.34% from $0.3840 last year. Its latest increase dividend $0.0090 reported on Monday August 14 2023.
Financial Health
The quick ratio of Suncor Energy Inc. for the recent quarter was 0.80, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.31 and a total debt to equity ratio of 0.42 for the recent quarter. Suncor Energy Inc.’s EBITDA margin is 39.47%, while its operating margin for the same period stands at 15.50%. Its gross profit as reported stood at $27.71 billion compared to revenue of $44.97 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 7.10%.
Earnings Surprise
For the recent quarter, Suncor Energy Inc. had $1.91 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $2.22 billion in the quarter, while revenues were shrunk -13.59%.
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 24 August was 61.73%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.43%.
As of today, SU’s price is $32.76 -0.21% or -$0.07 from its 5-day moving average. SU is currently trading +8.32% higher than its 20-day SMA and +4.86% higher than its 100-day SMA. However, the stock’s current price level is +8.42% above the SMA50 and -9.91% below the SMA200.
The stochastic %K and %D were 74.81% and 77.30%, respectively, and the average true range (ATR) was 0.79. With the 14-day stochastic at 72.28% and the average true range at 0.78, the RSI (14) stands at 61.98%. The stock has reached 0.34 on the 9-day MACD Oscillator while the 14-day reading was at 0.66.
Analyst Ratings
Wells Fargo upgraded Suncor Energy Inc. (NYSE: SU) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight. The consensus rating for Suncor Energy Inc. (SU) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SU, while 8 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 $31.15 and $48.83, with a median target of $35.56. Taking a look at these predictions, the average price target given by analysts for Suncor Energy Inc. (SU) stock is $37.13.
