What should you know before buying stock in Suncor Energy, Inc (SU)

Suncor Energy, Inc (NYSE: SU) is -2.21% lower on its value in year-to-date trading and has touched a low of $30.79 and a high of $41.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SU stock was last observed hovering at around $36.05 in the last trading session, with the day’s loss setting it -1.16%.

Currently trading at $34.89, the stock is 1.23% and -3.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.56 million and changing -3.22% at the moment leaves the stock -8.20% off its SMA200. SU registered -7.33% loss for a year compared to 6-month loss of -8.40%.

The stock witnessed a -5.14% gain in the last 1 month and extending the period to 3 months gives it a -7.11%, and is -2.30% 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 2.35% over the week and 4.05% over the month.

Suncor Energy, Inc (SU) has around 15010 employees, a market worth around $43.16B and $37.01B in sales. Current P/E ratio is 10.12 and Fwd P/E is 10.38. Profit margin for the company is 11.90%. Distance from 52-week low is 13.32% and -16.82% from its 52-week high. The company has generated returns on investments over the last 12 months (10.93%).

The EPS is expected to shrink by -15.38% this year.

Suncor Energy, Inc (SU) Top Institutional Holders

The shares outstanding are 1.24B, and float is at 1.24B with Short Float at 0.94%.

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 4.5142 of the shares outstanding. The other top investors are ELLIOTT INVESTMENT MANAGEMENT L.P. which holds 52.67 million shares representing 4.1053% and valued at over $2.01 billion, while VANGUARD GROUP INC holds 4.0356 of the shares totaling 51.78 million with a market value of $1.97 billion.