Suncor Energy, Inc (NYSE: SU) is -0.87% 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 $35.14 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $35.37, the stock is -0.18% and -1.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.19 million and changing 0.65% at the moment leaves the stock -6.47% off its SMA200. SU registered -11.24% loss for a year compared to 6-month loss of -13.33%. The firm has a 50-day simple moving average (SMA 50) of $35.7792 and a 200-day simple moving average (SMA200) of $37.8165.
The stock witnessed a 0.83% gain in the last 1 month and extending the period to 3 months gives it a -10.43%, and is -1.72% 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 0.60% over the week and 1.51% over the month.
Suncor Energy, Inc (SU) has around 15010 employees, a market worth around $43.76B and $36.42B in sales. Current P/E ratio is 10.19 and Fwd P/E is 11.80. Profit margin for the company is 12.05%. Distance from 52-week low is 14.87% and -15.68% from its 52-week high. The company has generated returns on investments over the last 12 months (10.89%).
with sales reaching $11.95B over the same period.The EPS is expected to shrink by -22.79% this year, but quarterly earnings will post -4.32% year-over-year. Quarterly sales are estimated to shrink -8.36% in year-over-year returns.
957.0 institutions hold shares in Suncor Energy, Inc (SU), with institutional investors hold 72.98% of the company’s shares. The shares outstanding are 1.24B, and float is at 1.24B with Short Float at 0.67%. Institutions hold 72.97% 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 4.9738 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.
