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Why Suncor Energy, Inc. (SU) Stock Could See Much Higher Prices Ahead

Suncor Energy, Inc. (NYSE: SU) is 16.45% higher on its value in year-to-date trading and has touched a low of $27.59 and a high of $36.97 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 $36.91 in the last trading session, with the day’s gains setting it 0.4%.

Currently trading at $37.31, the stock is 4.65% and 10.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.73 million and changing 1.08% at the moment leaves the stock 14.60% off its SMA200. SU registered 21.65% gain for a year compared to 6-month loss of 5.93%. The firm has a 50-day simple moving average (SMA 50) of $1.10 and a 200-day simple moving average (SMA200) of $3.22.

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The stock witnessed a 8.59% gain in the last 1 month and extending the period to 3 months gives it a 17.00%, and is 3.96% 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 1.55% over the week and 1.59% over the month.

Suncor Energy, Inc. (SU) has around 14906 employees, a market worth around $48.02B and $36.37B in sales. Current P/E ratio is 7.96 and Fwd P/E is 9.95. Profit margin for the company is 16.88%. Distance from 52-week low is 35.23% and 0.91% from its 52-week high. The company has generated returns on investments over the last 12 months (13.90%).

Suncor Energy, Inc. quarterly earnings per share for the current quarter are estimated at $0.88 with sales reaching $9.89B over the same period.The EPS is expected to shrink by -0.78% this year, but quarterly earnings will post 6.70% year-over-year. Quarterly sales are estimated to grow 8.90% in year-over-year returns.

Suncor Energy, Inc. (SU) Top Institutional Holders

885 institutions hold shares in Suncor Energy, Inc. (SU), with institutional investors hold 67.56% of the company’s shares. The shares outstanding are 1.29B, and float is at 1.29B with Short Float at 5.61%. Institutions hold 67.55% of the Float.

The top institutional shareholder in the company is Royal Bank of Canada with over 70.81 million shares valued at $2.08 billion. The investor’s holdings represent 5.45% of the SU Shares outstanding. As of Jun 29, 2023, the second largest holder is Sanders Capital, LLC with 55.77 million shares valued at $1.64 billion to account for 4.29% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 49.65 million shares representing 3.82% and valued at over $1.46 billion, while Dodge & Cox Inc holds 3.46% of the shares totaling 45.03 million with a market value of $1.32 billion.

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