Suncor Energy Inc. [SU] gain 13.23% so far this year. What now?

Suncor Energy Inc. [NYSE: SU] traded at a high on 09/13/21, posting a 3.83 gain after which it closed the day’ session at $19.00. The company report on September 9, 2021 that Suncor Energy provides update on White Rose asset.

All financial figures are in Canadian dollars.

Suncor announced it has entered into a conditional agreement to increase its interest in the White Rose asset subject to a restart decision on the West White Rose project.

The results of the trading session contributed to over 7292677 shares changing hands. Over the past one week, the price volatility of Suncor Energy Inc. stands at 3.30% while the volatility over the past one month is 2.59%.

The market cap for SU stock reached $28.54 billion, with 1.50 billion shares outstanding and 1.46 billion shares in the current float. Compared to the average trading volume of 6.86M shares, SU reached a trading volume of 7292677 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 0.56, with the Price to Sales ratio for SU stock in the period of the last 12 months amounting to 1.17. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 1.07. Price to Free Cash Flow for SU in the course of the last twelve months was 31.24 with Quick ratio for the last quarter at 0.60.

How has SU stock performed recently?

Suncor Energy Inc. [SU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.50. With this latest performance, SU shares dropped by -2.66% in over the last four-week period, additionally sinking by -18.42% over the last 6 months – not to mention a rise of 37.88% 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 49.80, with the RSI for the last a single of trading hit 55.33, and the three-weeks RSI is set at 46.59 for Suncor Energy Inc. [SU]. The present Moving Average for the last 50 days of trading for this stock 19.94, while it was recorded at 18.50 for the last single week of trading, and 20.48 for the last 200 days.

Suncor Energy Inc. [SU]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Suncor Energy Inc. [SU] shares currently have an operating margin of -14.55 and a Gross Margin at +17.43. Suncor Energy Inc.’s Net Margin is presently recorded at -17.51.

Return on Total Capital for SU is now -6.07, given the latest momentum, and Return on Invested Capital for the company is -7.81. 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 61.90. Additionally, SU Total Debt to Total Capital is recorded at 38.23, with Total Debt to Total Assets ending up at 26.16. Long-Term Debt to Equity for the company is recorded at 47.22, with the Long-Term Debt to Total Capital now at 29.16.

Reflecting on the efficiency of the workforce at the company, Suncor Energy Inc. [SU] managed to generate an average of -$343,023 per employee. 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 0.60 and a Current Ratio set at 1.00.

Earnings analysis for Suncor Energy Inc. [SU]

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 12.59%.

Insider trade positions for Suncor Energy Inc. [SU]

There are presently around $17,166 million, or 68.50% of SU stock, in the hands of institutional investors. The top three institutional holders of SU stocks are: ROYAL BANK OF CANADA with ownership of 75,264,509, which is approximately -1.514% of the company’s market cap and around 0.01% of the total institutional ownership; DODGE & COX, holding 56,296,954 shares of the stock with an approximate value of $1.07 billion in SU stocks shares; and FMR LLC, currently with $1.02 billion in SU stock with ownership of nearly 34.348% 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 July and at the time of the July reporting period, where 227 institutional holders increased their position in Suncor Energy Inc. [NYSE:SU] by around 62,858,291 shares. Additionally, 207 investors decreased positions by around 70,724,394 shares, while 87 investors held positions by with 769,878,697 shares. The mentioned changes placed institutional holdings at 903,461,382 shares, according to the latest SEC report filing. SU stock had 64 new institutional investments in for a total of 8,921,490 shares, while 54 institutional investors sold positions of 4,460,810 shares during the same period.

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