Analysts suggest Suncor Energy, Inc. (SU) could spike 55.81% in a year

Suncor Energy, Inc. (NYSE: SU) is 3.06% higher on its value in year-to-date trading and has touched a low of $27.59 and a high of $35.51 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SU stock was last observed hovering at around $32.02 in the last trading session, with the day’s gains setting it 0.68% off its average median price target of $52.00 for the next 12 months. It is also 55.81% off the consensus price target high of $74.00 offered by 20 analysts, but current levels are 23.95% higher than the price target low of $43.00 for the same period.

Currently trading at $32.70, the stock is 3.52% and 0.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing 2.12% at the moment leaves the stock 4.01% off its SMA200. SU registered 7.53% gain for a year compared to 6-month gain of 13.38%. The firm has a 50-day simple moving average (SMA 50) of $0.96 and a 200-day simple moving average (SMA200) of $2.80.

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The stock witnessed a -0.06% loss in the last 1 month and extending the period to 3 months gives it a -4.30%, and is 3.94% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.77% over the week and 2.18% over the month.

Suncor Energy, Inc. (SU) has around 16558 employees, a market worth around $42.35B and $37.22B in sales. Current P/E ratio is 7.13 and Fwd P/E is 8.54. Profit margin for the company is 16.35%. Distance from 52-week low is 18.52% and -7.91% from its 52-week high. The company has generated returns on investments over the last 12 months (15.12%).

Suncor Energy, Inc. (SU) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Suncor Energy, Inc. (SU) is a “Overweight”. 20 analysts offering their recommendations for the stock have an average rating of 2.10, where 11 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Suncor Energy, Inc. is expected to release its quarterly report on 02/07/2024.The EPS is expected to shrink by -39.47% this year.

Suncor Energy, Inc. (SU) Top Institutional Holders

The shares outstanding are 1.34B, and float is at 1.29B with Short Float at 3.00%.

Suncor Energy, Inc. (SU): Who are the competitors?

The company’s main competitors (and peers) include TotalEnergies SE ADR (TTE) that is trading 9.08% up over the past 12 months. Canadian Natural Resources Ltd. (CNQ) that is 20.99% higher over the same period.