In yesterday’s Wall Street session, Suncor Energy Inc. (NYSE:SU) shares traded at $29.14, down -0.38% from the previous session.
19 analysts cover Suncor Energy Inc. (NYSE:SU), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $50.09 and a low of $31.90, we find $36.09. Given the previous closing price of $29.25, this indicates a potential upside of 23.38 percent. SU stock price is now -0.23% away from the 50-day moving average and -7.78% away from the 200-day moving average. The market capitalization of the company currently stands at $39.32B.
The stock has received a hold rating from 9 analysts and a buy rating from 10. Brokers who have rated the stock have averaged $37.48 as their price target over the next twelve months.
A total of 0.01% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SU stock. A new stake in Suncor Energy Inc. shares was purchased by PRICE T ROWE ASSOCIATES INC /MD/ during the first quarter worth $187,581,000. NINEPOINT PARTNERS LP invested $87,420,000 in shares of SU during the first quarter. In the first quarter, CAMBIAR INVESTORS LLC acquired a new stake in Suncor Energy Inc. valued at approximately $24,449,000. RUFFER LLP acquired a new stake in SU for approximately $23,420,000. WALLEYE CAPITAL LLC purchased a new stake in SU valued at around $15,494,000 in the second quarter. In total, there are 878 active investors with 68.50% ownership of the company’s stock.
On Wednesday morning Suncor Energy Inc. (NYSE: SU) stock kicked off with the opening price of $29.40. During the past 12 months, Suncor Energy Inc. has had a low of $26.42 and a high of $37.23. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 1.10, and a quick ratio of 0.70. The fifty day moving average price for SU is $29.20 and a two-hundred day moving average price translates $31.60 for the stock.
The latest earnings results from Suncor Energy Inc. (NYSE: SU) was released for Mar, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $1.02, beating analysts’ expectations of $0.97 by 0.05. This compares to $1.62 EPS in the same period last year. The net profit margin was 14.40% and return on equity was 20.80% for SU. The company reported revenue of $9.06 billion for the quarter, compared to $10.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.02 percent. For the current quarter, analysts expect SU to generate $8.6B in revenue.
In terms of dividend payout ratio, SU is presently at 43.40%.
Suncor Energy Inc.(SU) Company Profile
Suncor Energy Inc. operates as an integrated energy company in Canada and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products. This segment also engages in syncrude oil sands mining and upgrading operations; and marketing, supply, transportation, and risk management of crude oil, natural gas, power, and byproducts. The Exploration and Production segment is involved in offshore operations in the East Coast of Canada. The Refining and Marketing segment refines crude oil and petrochemical products; and markets, transports, and manages refined and petrochemical products, and other purchased products through the retail and wholesale networks. This segment also involved in trading of crude oil, natural gas, and power. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1917 and is headquartered in Calgary, Canada.
