Suncor Energy Inc. [SU] Revenue clocked in at $21.85 billion, up 20.62% YTD: What’s Next?

Suncor Energy Inc. [NYSE: SU] closed the trading session at $20.24 on 03/01/21. The day’s price range saw the stock hit a low of $20.01, while the highest price level was $20.70. The company report on February 26, 2021 that Suncor Energy files annual disclosure documents.

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Suncor has filed its 2020 Annual Report, 2020 Annual Information Form and 2021 Management Proxy Circular.

To view the company’s annual disclosure documents, visit Suncor’s profile on sedar.com or sec.gov or visit Suncor’s website at suncor.com/financialreports.

The stocks have a year to date performance of 20.62 percent and weekly performance of -1.36 percent. The stock has been moved at 23.04 percent over the last six months. The stock has performed 17.74 percent around the most recent 30 days and changed 15.26 percent over the most recent 3-months.

If compared to the average trading volume of 8.66M shares, SU reached to a volume of 10487663 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Suncor Energy Inc. [SU]:

Wells Fargo have made an estimate for Suncor Energy Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on December 15, 2020. The new note on the price target was released on October 26, 2020, representing the official price target for Suncor Energy Inc. stock.

The Average True Range (ATR) for Suncor Energy Inc. is set at 0.84, with the Price to Sales ratio for SU stock in the period of the last 12 months amounting to 1.47. The Price to Book ratio for the last quarter was 1.09, with the Price to Cash per share for the same quarter was set at 0.94.

SU stock trade performance evaluation

Suncor Energy Inc. [SU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.36. With this latest performance, SU shares gained by 17.74% in over the last four-week period, additionally plugging by 23.04% over the last 6 months – not to mention a drop of -26.67% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SU stock in for the last two-week period is set at 61.31, with the RSI for the last a single of trading hit 60.72, and the three-weeks RSI is set at 60.81 for Suncor Energy Inc. [SU]. The present Moving Average for the last 50 days of trading for this stock 18.09, while it was recorded at 20.64 for the last single week of trading, and 16.24 for the last 200 days.

Suncor Energy Inc. [SU]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Suncor Energy Inc. [SU] shares currently have an operating margin of -23.56 and a Gross Margin at +16.80. Suncor Energy Inc.’s Net Margin is presently recorded at -17.51.

Return on Total Capital for SU is now -9.85, given the latest momentum, and Return on Invested Capital for the company is -7.84. Return on Equity for this stock declined to -11.10, with Return on Assets sitting at -4.96. When it comes to the capital structure of this company, Suncor Energy Inc. [SU] has a Total Debt to Total Equity ratio set at 60.68. Additionally, SU Total Debt to Total Capital is recorded at 37.77, with Total Debt to Total Assets ending up at 25.64. Long-Term Debt to Equity for the company is recorded at 46.00, with the Long-Term Debt to Total Capital now at 28.63.

Receivables Turnover for the company is 6.11 with a Total Asset Turnover recorded at a value of 0.28.Suncor Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.90.

Earnings per share (EPS) analysis for Suncor Energy Inc. [SU] stock

With the latest financial reports released by the company, Suncor Energy Inc. posted 0.39/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 62.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Suncor Energy Inc. go to -7.58%.

Suncor Energy Inc. [SU]: Insider Ownership positions

There are presently around $18,816 million, or 68.50% of SU stock, in the hands of institutional investors. The top three institutional holders of SU stocks are: FIL LTD with ownership of 80,074,967, which is approximately -1.199% of the company’s market cap and around 0.01% of the total institutional ownership; ROYAL BANK OF CANADA, holding 69,130,032 shares of the stock with an approximate value of $1.4 billion in SU stocks shares; and DODGE & COX, currently with $1.28 billion in SU stock with ownership of nearly -8.363% of the company’s market capitalization.

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Positions in Suncor Energy Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 194 institutional holders increased their position in Suncor Energy Inc. [NYSE:SU] by around 76,970,494 shares. Additionally, 224 investors decreased positions by around 91,376,857 shares, while 67 investors held positions by with 761,310,381 shares. The mentioned changes placed institutional holdings at 929,657,732 shares, according to the latest SEC report filing. SU stock had 70 new institutional investments in for a total of 6,346,249 shares, while 49 institutional investors sold positions of 5,716,696 shares during the same period.

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