The stock of Suncor Energy Inc. (NYSE:SU) last traded at $34.81, down -0.20% 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 $32.38, we find $36.04. Given the previous closing price of $34.88, this indicates a potential upside of 3.33 percent. SU stock price is now 9.26% away from the 50-day moving average and 11.22% away from the 200-day moving average. The market capitalization of the company currently stands at $44.85B.
In total, 9 analysts have assigned it a hold rating, and 10 have given it a buy rating. Brokers who have rated the stock have averaged $37.54 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 $148,377,000. RENAISSANCE TECHNOLOGIES LLC invested $38,902,000 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 $32,821,000. STATE OF TENNESSEE, TREASURY DEPARTMENT acquired a new stake in SU for approximately $25,797,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC purchased a new stake in SU valued at around $24,965,000 in the second quarter. In total, there are 893 active investors with 68.50% ownership of the company’s stock.
With an opening price of $35.37 on Tuesday morning, Suncor Energy Inc. (NYSE: SU) set off the trading day. 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 $31.97 and a two-hundred day moving average price translates $31.31 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 $8.76B in revenue.
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.