Suncor Energy Inc. [SU] is 44.03% higher this YTD. Is it still time to buy?


Suncor Energy Inc. [NYSE: SU] closed the trading session at $36.05 on 05/02/22. The day’s price range saw the stock hit a low of $35.17, while the highest price level was $36.25. The company report on April 28, 2022 that Suncor Energy Responds to Elliott Investment Management.

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Calgary, Alberta–(Newsfile Corp. – April 28, 2022) – Suncor (TSX: SU) (NYSE: SU) today issued the following statement in response to the letter it received this morning from Elliott Investment Management L.P. (“Elliott”):.

The Suncor Board and management team have received the letter and materials from Elliott. Suncor appreciates the views of its shareholders and will take the time to carefully assess the recommendations and materials provided, with a view to enhancing shareholder and other stakeholder value. Suncor’s Board and management team looks forward to engaging with Elliott in due course to better understand their perspective.

The stocks have a year to date performance of 44.03 percent and weekly performance of 15.32 percent. The stock has been moved at 37.07 percent over the last six months. The stock has performed 10.62 percent around the most recent 30 days and changed 26.18 percent over the most recent 3-months.

If compared to the average trading volume of 8.25M shares, SU reached to a volume of 7928397 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]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SU shares is $30.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SU stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

RBC Capital Mkts have made an estimate for Suncor Energy Inc. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on February 15, 2022. The new note on the price target was released on February 04, 2022, representing the official price target for Suncor Energy Inc. stock.

The Average True Range (ATR) for Suncor Energy Inc. is set at 1.34, with the Price to Sales ratio for SU stock in the period of the last 12 months amounting to 1.74. The Price to Book ratio for the last quarter was 1.83, with the Price to Cash per share for the same quarter was set at 1.17. Price to Free Cash Flow for SU in the course of the last twelve months was 12.01 with Quick ratio for the last quarter at 0.70.

SU stock trade performance evaluation

Suncor Energy Inc. [SU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.32. With this latest performance, SU shares gained by 10.62% in over the last four-week period, additionally plugging by 37.07% over the last 6 months – not to mention a rise of 64.31% 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 62.64, with the RSI for the last a single of trading hit 64.76, and the three-weeks RSI is set at 61.50 for Suncor Energy Inc. [SU]. The present Moving Average for the last 50 days of trading for this stock 32.23, while it was recorded at 34.69 for the last single week of trading, and 25.65 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 +16.06 and a Gross Margin at +39.05. Suncor Energy Inc.’s Net Margin is presently recorded at +10.53.

Return on Equity for this stock inclined to 11.38, with Return on Assets sitting at 4.89.

Suncor Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.10.

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

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 8.00%.

Suncor Energy Inc. [SU]: Insider Ownership positions

There are presently around $30,256 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 77,055,637, which is approximately 2.349% of the company’s market cap and around 0.01% of the total institutional ownership; DODGE & COX, holding 55,104,954 shares of the stock with an approximate value of $1.99 billion in SU stocks shares; and VANGUARD GROUP INC, currently with $1.72 billion in SU stock with ownership of nearly 0.809% of the company’s market capitalization.

248 institutional holders increased their position in Suncor Energy Inc. [NYSE:SU] by around 62,821,868 shares. Additionally, 218 investors decreased positions by around 79,209,858 shares, while 77 investors held positions by with 697,244,951 shares. The mentioned changes placed institutional holdings at 839,276,677 shares, according to the latest SEC report filing. SU stock had 94 new institutional investments in for a total of 12,438,744 shares, while 51 institutional investors sold positions of 27,491,093 shares during the same period.