4 Reasons to Go Long On Suncor Energy Inc. [SU]

Suncor Energy Inc. [SU] stock is up 8.31 while the S&P 500 has risen 0.88% on Friday, 12/04/20. While at the time of this article, SU ATR is sitting at 0.84, with the beta value at 1.71. This stock’s volatility for the past week remained at 5.67%, while it was 4.94% for the past 30-day period. SU has risen $1.38 from the previous closing price of $16.60 on volume of 7.48 million shares.

On 30, November 2020, Suncor Energy announces 2021 production outlook and capital allocation. According to news published on Yahoo Finance, Unless otherwise noted, all financial figures are in Canadian dollars.

Analyst Birdseye View:

The most recent analyst activity for Suncor Energy Inc. [NYSE:SU] stock was on September 02, 2020, when it was Initiated with an Overweight rating from Barclays. On June 11, 2020, Scotiabank Upgrade a Sector outperform rating. On April 03, 2019, Evercore ISI Downgrade an In-line rating. On March 14, 2019, Credit Suisse Upgrade an Outperform rating. On February 07, 2019, Macquarie Upgrade an Outperform rating. On January 28, 2019, Credit Suisse Initiated a Neutral rating. Macquarie elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $9.60 and a peak of $34.56. Right now, according to Wall Street analyst the average 12-month amount target is $19.63. At the most recent market close, shares of Suncor Energy Inc. [NYSE:SU] were valued at $17.98.

FUNDAMENTAL ANALYSIS

Suncor Energy Inc. [NYSE:SU] most recently reported quarterly sales of 6.43 billion, which represented growth of -34.40%. This publicly-traded organization’s revenue is $2,974,940 per employee, while its income is $224,920 per employee. This company’s Gross Margin is currently 62.90%, its Operating Margin is -29.80%, its Pretax Margin is +6.61, and its Net Margin is +7.56. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 3.24, 6.74, 8.74 and 4.98 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 30.46 and the whole liability to whole assets at 20.59. It shows enduring liability to the whole principal at 26.38 and enduring liability to assets at 0.18 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 17.31 points at 1st support level, the second support level is making up to 16.64. But as of 1st resistance point, this stock is sitting at 18.32 and at 18.66 for 2nd resistance point.

Suncor Energy Inc. [SU] reported its earnings at $0.62 per share in the fiscal quarter closing of 12/30/2017. The Analysts for Wall Street were expecting to report its earnings at $0.56/share signifying the difference of 0.06 and 10.70% surprise value. Comparing the previous quarter ending of 9/29/2017, the stated earnings were $0.41 calling estimates for $0.28/share with the difference of 0.13 depicting the surprise of 46.40%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Suncor Energy Inc. [NYSE:SU] is 1.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.19. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.73 and it’s amount to book ratio is 1.55.