Suncor Energy, Inc. (SU) Holding Strong: What’s pushing it?

In yesterday’s Wall Street session, Suncor Energy, Inc. (NYSE:SU) shares traded at $38.52, up 1.45% from the previous session.

SU stock price is now 13.03% away from the 50-day moving average and 18.04% away from the 200-day moving average. The market capitalization of the company currently stands at $49.58B.

, while ‘Wells Fargo’ rates the stock as ‘Overweight’

A total of 0.04% of the company’s stock is owned by insiders.

During the past 12 months, Suncor Energy, Inc. has had a low of $27.59 and a high of $38.02. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.44, and a quick ratio of 0.88. The fifty day moving average price for SU is $34.35 and a two-hundred day moving average price translates $32.83 for the stock.

The latest earnings results from Suncor Energy, Inc. (NYSE: SU) was released for Dec, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $0.93, beating analysts’ expectations of $0.81 by 0.12. This compares to $1.52 EPS in the same period last year. The net profit margin was 16.88% and return on equity was 19.84% for SU. The company reported revenue of $10.4 billion for the quarter, compared to $10.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.12 percent. For the current quarter, analysts expect SU to generate $9.84B in revenue.

Suncor Energy, Inc.(SU) Company Profile

Suncor Energy Inc. operates as an integrated energy company in Canada, the United States, 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 oil sands mining. The Exploration and Production segment is involved in offshore operations in the East Coast of Canada; and marketing and risk management of crude oil and natural gas. The Refining and Marketing segment engages in the refining of crude oil products; and distribution, marketing, transportation, and risk management of refined and petrochemical products, and other purchased products through the retail and wholesale networks. This segment is also involved in the trading of crude oil, refined products, 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. Suncor Energy Inc.

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