Suncor Energy, Inc. (NYSE: SU) Not A Good Play Anymore?

Suncor Energy, Inc. (SU) concluded trading on Thursday at a closing price of $38.54, with 3.48 million shares of worth about $134.14 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.36% during that period and on August 01, 2024 the price saw a loss of about -3.46%. Currently the company’s common shares owned by public are about 1.29B shares, out of which, 1.28B shares are available for trading.

Stock saw a price change of 0.16% in past 5 days and over the past one month there was a price change of -0.59%. Year-to-date (YTD), SU shares are showing a performance of 20.29% which increased to 24.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $29.45 but also hit the highest price of $41.50 during that period. The average intraday trading volume for Suncor Energy, Inc. shares is 4.74 million. The stock is currently trading 0.29% above its 20-day simple moving average (SMA20), while that difference is up 0.21% for SMA50 and it goes to 8.71% higher than SMA200.

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Suncor Energy, Inc. (NYSE: SU) currently have 1.29B outstanding shares and institutions hold larger chunk of about 74.58% of that.

The stock has a current market capitalization of $49.52B and its 3Y-monthly beta is at 1.14. PE ratio of stock for trailing 12 months is 8.61, while it has posted earnings per share of $4.48 in the same period. Its PEG reads 0.66 and has Quick Ratio of 0.97 while making debt-to-equity ratio of 0.36. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SU, volatility over the week remained 2.59% while standing at 2.17% over the month.

Stock’s fiscal year EPS is expected to rise by 4.44% while it is estimated to increase by 0.24% in next year. EPS is likely to shrink at an annualized rate of 13.13% for next 5-years, compared to annual growth of 24.59% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wolfe Research on July 18, 2024 offering an Outperform rating for the stock and assigned a target price of $68 to it. Stock get a Market perform rating from BMO Capital Markets on July 13, 2023.

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