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

Suncor Energy, Inc (NYSE: SU) is 17.32% 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 $37.77 in the last trading session, with the day’s loss setting it -0.18%.

Currently trading at $37.59, the stock is -3.54% and -2.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.97 million and changing -0.48% at the moment leaves the stock 0.21% off its SMA200. SU registered 14.88% gain for a year compared to 6-month gain of -1.70%. The firm has a 50-day simple moving average (SMA 50) of $38.5438 and a 200-day simple moving average (SMA200) of $37.51.

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The stock witnessed a -4.86% loss in the last 1 month and extending the period to 3 months gives it a 3.10%, and is -3.52% 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 2.25% over the week and 1.86% over the month.

Suncor Energy, Inc (SU) has around 14906 employees, a market worth around $66.31B and $37.44B in sales. Current P/E ratio is 8.74 and Fwd P/E is 11.60. Profit margin for the company is 14.86%. Distance from 52-week low is 27.64% and -10.38% from its 52-week high. The company has generated returns on investments over the last 12 months (12.77%).

with sales reaching $9.72B over the same period.The EPS is expected to shrink by -9.77% this year, but quarterly earnings will post -3.90% year-over-year. Quarterly sales are estimated to grow 3.60% in year-over-year returns.

Suncor Energy, Inc (SU) Top Institutional Holders

915.0 institutions hold shares in Suncor Energy, Inc (SU), with institutional investors hold 72.71% of the company’s shares. The shares outstanding are 1.29B, and float is at 1.27B with Short Float at 0.87%. Institutions hold 72.70% 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.