Suncor Energy, Inc. (SU) Stock Could Soon Reward Patient Investors

Suncor Energy, Inc. (NYSE: SU) is 14.86% higher on its value in year-to-date trading and has touched a low of $29.45 and a high of $41.94 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 $36.51 in the last trading session, with the day’s gains setting it 0.29%.

Currently trading at $36.80, the stock is -2.32% and -5.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.03 million and changing 0.79% at the moment leaves the stock 0.47% off its SMA200. SU registered 4.75% gain for a year compared to 6-month gain of -0.30%. The firm has a 50-day simple moving average (SMA 50) of $38.7208 and a 200-day simple moving average (SMA200) of $36.659.

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The stock witnessed a -9.38% loss in the last 1 month and extending the period to 3 months gives it a -3.41%, and is -1.10% down 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 2.03% over the week and 2.24% over the month.

Suncor Energy, Inc. (SU) has around 14906 employees, a market worth around $46.74B and $37.44B in sales. Current P/E ratio is 8.56 and Fwd P/E is 10.32. Profit margin for the company is 14.86%. Distance from 52-week low is 24.96% and -12.27% from its 52-week high. The company has generated returns on investments over the last 12 months (12.77%).

The EPS is expected to grow by 1.88% this year.

Suncor Energy, Inc. (SU) Top Institutional Holders

923.0 institutions hold shares in Suncor Energy, Inc. (SU), with institutional investors hold 73.49% of the company’s shares. The shares outstanding are 1.29B, and float is at 1.27B with Short Float at 2.53%. Institutions hold 73.48% of the Float.

The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 63.81 million shares valued at $2.43 billion. The investor’s holdings represent 4.9545% of the SU Shares outstanding. As of 2024-06-30, the second largest holder is SANDERS CAPITAL, LLC with 57.92 million shares valued at $2.21 billion to account for 4.4967 of the shares outstanding. The other top investors are ELLIOTT INVESTMENT MANAGEMENT L.P. which holds 52.67 million shares representing 4.0893% and valued at over $2.01 billion, while VANGUARD GROUP INC holds 4.0199 of the shares totaling 51.78 million with a market value of $1.97 billion.