Suncor Energy, Inc (NYSE:SU) shares, rose in value on Thursday, December 12, with the stock price down by -2.52% to the previous day’s close as strong demand from buyers drove the stock to $37.19.
Actively observing the price movement in the last trading, the stock closed the session at $38.15, falling within a range of $37.15 and $38.0. The value of beta (5-year monthly) was 1.464 whereas the PE ratio was 8.12 over 12-month period. Referring to stock’s 52-week performance, its high was $41.94, and the low was $29.45. On the whole, SU has fluctuated by -2.41% over the past month.
With the market capitalization of Suncor Energy, Inc currently standing at about $46.75 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.61, with its dividend yield at 4.33%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 51.62B, with a low estimate of 11.59B and a high estimate of 14.55B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 13.08B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SU’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.62, with the price of SU currently trading nearly -5.97% and -5.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.26, while the 7-day volatility ratio is showing 2.01% which for the 30-day chart, stands at 2.02%. Furthermore, Suncor Energy, Inc (SU)’s beta value is 1.13, and its average true range (ATR) is 0.84.
A comparison of Suncor Energy, Inc (SU) with its peers suggests the former has fared considerably weaker in the market. SU showed an intraday change of -2.52% in last session, and over the past year, it grew by 25.68%%.
Data on historical trading for Suncor Energy, Inc (NYSE:SU) indicates that the trading volumes over the past 10 days have averaged 5.01 and over the past 3 months, they’ve averaged 3.89 million. According to company’s latest data on outstanding shares, there are 1.26 billion shares outstanding.
Nearly 0.03% of Suncor Energy, Inc’s shares belong to company insiders and institutional investors own 69.21% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 45.85 million shares as on 2024-11-29, resulting in a short ratio of 10.87. The stock has risen by 16.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SU stock heading into the next quarter.
