Suncor Energy, Inc. (NYSE:SU) shares, rose in value on Friday, April 05, with the stock price up by 0.03% to the previous day’s close as strong demand from buyers drove the stock to $38.58.
Actively observing the price movement in the recent trading, the stock is buoying the session at $38.57. The value of beta (5-year monthly) is 1.52 whereas the PE ratio is 8.23 over 12-month period. Referring to stock’s 52-week performance, its high was $38.69, and the low was $27.59. On the whole, SU has fluctuated by 10.51% over the past month.
With the market capitalization of Suncor Energy, Inc. currently standing at about $49.65 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 4.08%. 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 $3.68 and then to about $4.01 by fiscal year 2025. Data indicates that the EPS growth is expected to be -2.40% in 2025, while the next year’s EPS growth is forecast to be 9.00%.
Analysts have estimated the company’s revenue for the quarter at $9.88 billion, with a low estimate of $9.25 billion and a high estimate of $10.31 billion. According to the average forecast, sales growth in current quarter could jump up 8.80%, 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 $40.04 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 6.17% and 12.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 77.99, while the 7-day volatility ratio is showing 1.54% which for the 30-day chart, stands at 1.50%. Furthermore, Suncor Energy, Inc. (SU)’s beta value is 1.13, and its average true range (ATR) is 0.59.
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 today’s session so far, and over the past year, it grew by 19.15%%.
Data on historical trading for Suncor Energy, Inc. (NYSE:SU) indicates that the trading volumes over the past 10 days have averaged 4.22 million and over the past 3 months, they’ve averaged 4.31 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 66.22% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 72.14 million shares as on Mar 15, 2024, resulting in a short ratio of 7.02. According to the data, the short interest in Suncor Energy, Inc. (SU) stood at 2.99% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 32.55 million. The stock has risen by 20.41% 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.
