Suncor Energy, Inc. [SU] stock is trading at $34.36, up 1.51%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SU shares have gain 2.48% over the last week, with a monthly amount glided 2.35%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Suncor Energy Reports Fourth Quarter 2023 Results. In a post published today on Yahoo Finance, Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company’s condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production volumes are presented on a working-interest basis, before royalties, except for production values from the company’s Libya operations, which are presented on an economic basis. Certain financial measures referred to in this news release (adjusted funds from operations, adjusted operating earnings, free funds flow and net debt) are not prescribed by Canadian generally accepted accounting principles (GAAP). See the Non-GAAP Financial Measures section of this news release. References to Oil Sands operations exclude Suncor Energy Inc.’s interest in Fort Hills and Syncrude.
From an analyst’s perspective:
Suncor Energy, Inc. [NYSE: SU] stock has seen the most recent analyst activity on September 28, 2023, when TD Securities downgraded its rating to a Hold. Previously, Desjardins downgraded its rating to Hold on September 18, 2023. On August 23, 2023, upgrade upgraded it’s rating to Overweight. BMO Capital Markets downgraded its rating to a Market Perform. UBS initiated its recommendation with a Buy. National Bank Financial upgraded its rating to Outperform for this stock on April 28, 2023. In a note dated March 21, 2023, Scotiabank downgraded an Sector Perform rating on this stock.
Suncor Energy, Inc. [SU] stock has fluctuated between $27.59 and $35.51 over the past year. Currently, Wall Street analysts expect the stock to reach $36.54 within the next 12 months. Suncor Energy, Inc. [NYSE: SU] shares were valued at $34.36 at the most recent close of the market. An investor can expect a potential return of 6.34% based on the average SU price forecast.
Analyzing the SU fundamentals
Suncor Energy, Inc. [NYSE:SU] reported sales of 36.37B for the trailing twelve months, which represents a drop of -8.27%. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.14 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 33.93 points at the first support level, and at 33.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.66, and for the 2nd resistance point, it is at 34.95.
Suncor Energy, Inc. [SU] reported earnings per share of $0.93 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.81/share, meaning a difference of $0.12 and a surprise factor of 14.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.13 per share as compared to estimates of $0.99 per share, a difference of $0.14 representing a surprise of 14.10%.
Ratios To Look Out For
For context, Suncor Energy, Inc.’s Current Ratio is 1.44. Further, the Quick Ratio stands at 0.88, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 1.22, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 7.33.
