Suncor Energy, Inc. [SU] is 0.62% higher this YTD. Is it still time to buy?

Suncor Energy, Inc. [NYSE: SU] traded at a high on Thursday, posting a 0.37 gain after which it closed the day’ session at $32.24. The company report on January 3, 2024 at 6:45 AM that Suncor Energy Achieves 2023 Upstream Production Corporate Guidance.

(All figures are approximate).

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Calgary, Alberta–(Newsfile Corp. – January 3, 2024) – Suncor (TSX: SU) (NYSE: SU) today provided an operational update for the fourth quarter of 2023, highlighting upstream production of 808,000 barrels per day (bbls/d), the second highest quarter in the Company’s history. The strong fourth quarter performance results in an annual average upstream production of 746,000 bbls/d, in line with Suncor’s corporate guidance provided in November 2022.

The results of the trading session contributed to over 4863732 shares changing hands. Over the past one week, the price volatility of Suncor Energy, Inc. stands at 1.70% while the volatility over the past one month is 1.89%.

The market cap for SU stock reached $41.75 billion, with 1.34 billion shares outstanding and 1.29 billion shares in the current float. Compared to the average trading volume of 4.59M shares, SU reached a trading volume of 4863732 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]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SU shares is $38.27 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 2.10. 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.

TD Securities have made an estimate for Suncor Energy, Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 28, 2023.

The Average True Range (ATR) for Suncor Energy, Inc. is set at 0.66, with the Price to Sales ratio for SU stock in the period of the last 12 months amounting to 1.12. The Price to Book ratio for the last quarter was 1.35, with the Price to Cash per share for the same quarter was set at 1.39. Price to Free Cash Flow for SU in the course of the last twelve months was 9.29 with Quick ratio for the last quarter at 0.82.

How has SU stock performed recently?

Suncor Energy, Inc. [SU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.71. With this latest performance, SU shares dropped by -1.41% in over the last four-week period, additionally plugging by 1.64% over the last 6 months – not to mention a drop of -3.85% 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 49.31, with the RSI for the last a single of trading hit 48.71, and the three-weeks RSI is set at 49.45 for Suncor Energy, Inc. [SU]. The present Moving Average for the last 50 days of trading for this stock 32.09, while it was recorded at 32.06 for the last single week of trading, and 31.65 for the last 200 days.

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

Suncor Energy, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.82 and a Current Ratio set at 1.24.

Earnings analysis for Suncor Energy, Inc. [SU]

With the latest financial reports released by the company, Suncor Energy, Inc. posted 1.35/share EPS, while the average EPS was predicted by analysts to be reported at 1.32/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.30%. 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%.

Insider trade positions for Suncor Energy, Inc. [SU]

The top three institutional holders of SU stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in SU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in SU stock with ownership which is approximately 5.8325%.