Suncor Energy, Inc. (NYSE:SU) shares, rose in value, with the stock price up by 0.03% to the previous day’s close as strong demand from buyers drove the stock to $36.08.
Actively observing the price movement in the last trading, the stock closed the session at $36.07. The value of beta (5-year monthly) was 1.51 whereas the PE ratio was 7.69 over 12-month period. Referring to stock’s 52-week performance, its high was $36.29, and the low was $27.59. On the whole, SU has fluctuated by 14.47% over the past month.
With the market capitalization of Suncor Energy, Inc. currently standing at about $46.45 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 06, 2024 – May 10, 2024. The company’s Forward Dividend Ratio is 1.57, with its dividend yield at 4.36%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.88, which is expected to increase to $1.03 for fiscal year $3.72 and then to about $3.95 by fiscal year 2025. Data indicates that the EPS growth is expected to be -1.80% in 2025, while the next year’s EPS growth is forecast to be 6.20%.
Analysts have estimated the company’s revenue for the quarter at $9.92 billion, with a low estimate of $9.29 billion and a high estimate of $10.36 billion. According to the average forecast, sales growth in current quarter could jump up 9.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $40.21 billion, representing an increase of 6.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SU’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SU currently trading nearly 5.38% and 8.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.46, while the 7-day volatility ratio is showing 1.61% which for the 30-day chart, stands at 2.03%. Furthermore, Suncor Energy, Inc. (SU)’s beta value is 1.14, and its average true range (ATR) is 0.67.
A comparison of Suncor Energy, Inc. (SU) with its peers suggests the former has fared considerably weaker in the market. SU showed an intraday change of 0.03% in last session, and over the past year, it grew by 23.27%%.
Data on historical trading for Suncor Energy, Inc. (NYSE:SU) indicates that the trading volumes over the past 10 days have averaged 6.04 million and over the past 3 months, they’ve averaged 4.29 million. According to company’s latest data on outstanding shares, there are 1.29 billion shares outstanding.
Nearly 0.04% of Suncor Energy, Inc.’s shares belong to company insiders and institutional investors own 66.19% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 72.14 million shares as on Feb 29, 2024, resulting in a short ratio of 16.59. According to the data, the short interest in Suncor Energy, Inc. (SU) stood at 5.60% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 13.88 million. The stock has risen by 12.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SU stock heading into the next quarter.
