With over 7.03 million Suncor Energy Inc. (SU) shares trading Monday and a closing price of $34.88 on the day, the dollar volume was approximately $245.12 million. The shares have shown a positive half year performance of 21.24% and its price on 09/18/23 lost nearly -0.60%. Currently, there are 1.31B common shares owned by the public and among those 1.30B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for SU have a consensus price objective of $37.52. The analysts have set the share’s price value over the next 12 months at a high of $48.83 and a low of $32.38. The average price target is 9.96% above its recent price level and a downside to the estimated low will see the stock lose -7.72% over that period. But an upside of 28.57% will see the stock hit the forecast high price target while median target price for the stock is $36.04.
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Shares of Suncor Energy Inc. (NYSE: SU) opened at $35.20, up $0.11 from a prior closing price of $35.09. However, the script later moved the day high at 35.22, down -0.60%. The company’s stock has a 5-day price change of 3.41% and 15.73% over the past three months. SU shares are trading 9.93% year to date (YTD), with the 12-month market performance up to 12.01% higher. It has a 12-month low price of $26.42 and touched a high of $37.23 over the same period. SU has an average intraday trading volume of 4.56 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.20%, 9.86%, and 11.47% respectively.
Institutional ownership of Suncor Energy Inc. (NYSE: SU) shares accounts for 68.50% of the company’s 1.31B shares outstanding.
It has a market capitalization of $44.94B and a beta (3y monthly) value of 1.27. The stock’s trailing 12-month PE ratio is 10.33, while the earnings-per-share (ttm) stands at $3.38. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.64% over the week and 1.87% over the month.
Analysts forecast that Suncor Energy Inc. (SU) will achieve an EPS of $0.92 for the current quarter, $0.91 for the next quarter and $4.33 for 2024. The lowest estimate earnings-per-share for the quarter is $0.72 while analysts give the company a high EPS estimate of $1.18. Comparatively, EPS for the current quarter was $1.39 a year ago. Earnings per share for the fiscal year are expected to increase by 136.10%, and 12.93% over the next financial year. EPS should shrink at an annualized rate of -8.04% over the next five years, compared to 19.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate Suncor Energy Inc. (SU) as a “Moderate Buy” at a consensus score of 2.10. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 9 of the 19 advise that investors “hold,” and 0 rated it as a “Sell.”
