Now Is A Suitable Moment For A Long-Term Purchase Of Suncor Energy, Inc. (NYSE: SU)

Currently, there are 1.29B common shares owned by the public and among those 1.28B shares have been available to trade.

The company’s stock has a 5-day price change of -0.78% and -2.53% over the past three months. SU shares are trading 18.88% year to date (YTD), with the 12-month market performance up to 29.21% higher. It has a 12-month low price of $29.45 and touched a high of $41.50 over the same period. SU has an average intraday trading volume of 4.81 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 -0.40%, -1.41%, and 8.02% respectively.

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Institutional ownership of Suncor Energy, Inc. (NYSE: SU) shares accounts for 69.81% of the company’s 1.29B shares outstanding.

It has a market capitalization of $48.94B and a beta (3y monthly) value of 1.14. The stock’s trailing 12-month PE ratio is 8.51, while the earnings-per-share (ttm) stands at $4.48. The company has a PEG of 0.65 and a Quick Ratio of 0.97 with the debt-to-equity ratio at 0.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.98% over the week and 1.93% over the month.

Earnings per share for the fiscal year are expected to increase by 3.93%, and 0.28% over the next financial year. EPS should shrink at an annualized rate of 13.13% over the next five years, compared to 24.59% over the past 5-year period.

Looking at the support for the SU, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on July 18, 2024, with the firm’s price target at $68. BMO Capital Markets on their part issued Market Perform rating on July 13, 2023.

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