Suncor Energy, Inc. [SU] is 23.97% higher this YTD. Is it still time to buy?

Suncor Energy, Inc. [NYSE: SU] closed the trading session at $39.72.

The stocks have a year to date performance of 23.97 percent and weekly performance of -4.75 percent. The stock has been moved at 16.00 percent over the last six months. The stock has performed 8.11 percent around the most recent 30 days and changed 2.27 percent over the most recent 3-months.

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If compared to the average trading volume of 4.48M shares, SU reached to a volume of 16274624 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 $44.54 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 1.95. 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 Buy, with their previous recommendation back on August 07, 2024. The new note on the price target was released on August 07, 2024, representing the official price target for Suncor Energy, Inc. stock. Previously, the target price had yet another raise to $68, while Wolfe Research analysts kept a Outperform rating on SU stock.

The Average True Range (ATR) for Suncor Energy, Inc. is set at 0.95, with the Price to Sales ratio for SU stock in the period of the last 12 months amounting to 1.35. The Price to Book ratio for the last quarter was 1.56, with the Price to Cash per share for the same quarter was set at 1.37. Price to Free Cash Flow for SU in the course of the last twelve months was 7.99 with Quick ratio for the last quarter at 0.93.

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 -4.75. With this latest performance, SU shares gained by 8.11% in over the last four-week period, additionally plugging by 16.00% over the last 6 months – not to mention a rise of 17.24% 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 47.87, with the RSI for the last a single of trading hit 42.56, and the three-weeks RSI is set at 50.14 for Suncor Energy, Inc. [SU]. The present Moving Average for the last 50 days of trading for this stock 39.09, while it was recorded at 40.53 for the last single week of trading, and 36.22 for the last 200 days.

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

Suncor Energy, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.93 and a Current Ratio set at 1.46.

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 13.13%.

Suncor Energy, Inc. [SU]: Institutional Ownership

There are presently around $73.54%, or 73.55%% 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 63.81 million shares, which is approximately 4.9545%. SANDERS CAPITAL, LLC, holding 57.92 million shares of the stock with an approximate value of $$2.21 billion in SU stocks shares; and SANDERS CAPITAL, LLC, currently with $$2.01 billion in SU stock with ownership which is approximately 4.0893%.

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