Suncor Energy, Inc (NYSE: SU) is 14.80% higher 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 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 $39.09 in the last trading session, with the day’s gains setting it 1.87%.
Currently trading at $40.96, the stock is 11.97% and 15.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.26 million and changing 4.78% at the moment leaves the stock 9.04% off its SMA200. SU registered 7.53% gain for a year compared to 6-month loss of 8.25%.
The stock witnessed a 12.71% gain in the last 1 month and extending the period to 3 months gives it a 11.67%, and is 11.36% 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 1.78% over the week and 1.57% over the month.
Suncor Energy, Inc (SU) has around 15010 employees, a market worth around $50.28B and $36.42B in sales. Current P/E ratio is 11.80 and Fwd P/E is 13.83. Profit margin for the company is 12.05%. Distance from 52-week low is 33.03% and -2.35% from its 52-week high. The company has generated returns on investments over the last 12 months (10.89%).
The EPS is expected to shrink by -24.52% this year.
Suncor Energy, Inc (SU) Top Institutional Holders
The shares outstanding are 1.23B, and float is at 1.23B with Short Float at 3.85%.
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.
