The stock of Suncor Energy Inc. (NYSE:SU) last traded at $34.22, up 0.88% from the previous session.
Data from the available sources indicates that Suncor Energy Inc. (NYSE:SU) is covered by 19 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $48.83 and a low of $32.35, we find $35.56. Given the previous closing price of $33.92, this indicates a potential upside of 4.83 percent. SU stock price is now 12.26% away from the 50-day moving average and 9.04% away from the 200-day moving average. The market capitalization of the company currently stands at $44.02B.
In total, 8 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $37.27 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 MUFG SECURITIES EMEA PLC during the first quarter worth $145,862,000. RENAISSANCE TECHNOLOGIES LLC invested $38,243,000 in shares of SU during the first quarter. In the first quarter, CITADEL ADVISORS LLC acquired a new stake in Suncor Energy Inc. valued at approximately $32,264,000. STATE OF TENNESSEE, TREASURY DEPARTMENT acquired a new stake in SU for approximately $25,360,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC purchased a new stake in SU valued at around $24,542,000 in the second quarter. In total, there are 893 active investors with 68.50% ownership of the company’s stock.
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 1.20, and a quick ratio of 0.80. The fifty day moving average price for SU is $30.59 and a two-hundred day moving average price translates $31.38 for the stock.
The latest earnings results from Suncor Energy Inc. (NYSE: SU) was released for Jun, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $0.71, beating analysts’ expectations of $0.62 by 0.09. This compares to $2.22 EPS in the same period last year. The net profit margin was 11.50% and return on equity was 15.30% for SU. The company reported revenue of $8.71 billion for the quarter, compared to $12.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -31.33 percent. For the current quarter, analysts expect SU to generate $8.56B in revenue.
In terms of dividend payout ratio, SU is presently at 60.30%.
