As of Wednesday close, Suncor Energy Inc.’s (NYSE:SU) stock was down -$0.33, moving down -0.95 percent to $34.48. The average number of shares traded per day over the past five days has been 5,897,080 shares. 4 times new highs have been achieved over the past 5 days, with a $0.09 gain in that time frame. In the last twenty days, the average volume was 5,169,880, while in the previous 50 days, it was 4,963,974.
Since last month, SU stock rose 5.35%. Shares of the company fell to $32.15 on 08/23/23, the lowest level in the past month. A 52-week high of $37.23 was reached on 09/19/23 after having rallying from a 52-week low of $26.42. Since the beginning of this year, SU’s stock price has risen by 8.67% or $2.75, and marked a new high 11 times. However, the stock has declined by -7.39% since its 52-week high.
Valuation Metrics
Right now, Suncor Energy Inc. (SU) has a P/E ratio of about 10.21. The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 1.14, the price-to-book (PB) ratio of 1.49, and the price-to-cash flow ratio of 12.78 may also be considered.
The latest dividend of $0.3930 per share was paid out, which is 2.34% more than last year’s $0.3840. On Monday August 14 2023, a $0.0090 dividend increase was announced.
Financial Health
In the three months ended June 29, Suncor Energy Inc.’s quick ratio stood at 0.80, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.31, and the total debt-to-equity ratio was 0.42. On the profitability front, the trailing twelve-month gross margin is 63.50% percent. In the year ended June 29, EBITDA margin amounted to 39.47%, whereas operating margins totaled 15.50%. Based on annual data, SU earned $27.71 billion in gross profit and brought in $44.97 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 19.40%. Return on equity (ROE) for the past 12 months was 15.30%.
In Suncor Energy Inc.’s quarter-end financial report for June 29, it reported total debt of $1.91 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SU’s revenue rose 0.01% during the quarter, while net income inched up to $29.87 billion. While analysts expected Suncor Energy Inc. to report $0.62 quarterly earnings, the actual figure was $0.71 per share, beating the consensus estimate by 14.50%. During the quarter, the company generated $2.93 billion in EBITDA. The liabilities of Suncor Energy Inc. were 32.85 billion at the end of its most recent quarter ended June 29, and its total debt was $17.0 billion.
Technical Picture
This quick technical analysis looks at Suncor Energy Inc.’s (SU) price momentum. With a historical volatility rate of 20.84%, the RSI 9-day stood at 56.21% on 20 September.
With respect to its five-day moving average, the current Suncor Energy Inc. price is up by +0.26% percent or $0.09. At present, SU shares trade +5.93% above its 20-day simple moving average and +13.46% percent above its 100-day simple moving average. However, the stock is currently trading approximately +16.96% above its SMA50 and +7.38% above its SMA200.
Stochastic coefficient K was 63.42% and Stochastic coefficient D was 77.94%, while ATR was 0.70. Given the Stochastic reading of 44.17% for the 14-day period, the RSI (14) reading has been calculated as 59.94%. As of today, the MACD Oscillator reading stands at 0.16, while the 14-day reading stands at 0.29.
Analyst Ratings
Suncor Energy Inc. downgraded its rating on Suncor Energy Inc. (NYSE: SU) to a Hold in a note to investors on September 18, 2023. The analysts firm previously had a Buy rating on the stock.Suncor Energy Inc. (SU) has been rated Overweight by analysts. According to 0 brokerage firms, SU is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Suncor Energy Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $36.17, the current consensus forecast for the stock is $32.38 – $48.83. Based on these forecasts, analysts predict Suncor Energy Inc. (SU) will achieve an average price target of $37.76.
