Suncor Energy, Inc. [SU] stock prices are up 0.72% to $36.34 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SU shares have gain 4.55% over the last week, with a monthly amount glided 9.79%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, Fort McKay First Nation and Suncor Energy to Partner on Prospective Oil Sands Development Opportunity on Reserve Lands. In a post published today on Yahoo Finance, Calgary, Alberta–(Newsfile Corp. – March 7, 2024) – Fort McKay First Nation (FMFN) and Suncor (TSX: SU) (NYSE: SU) today announced the signing of a Memorandum of Understanding (MOU) on a prospective oil sands lease development opportunity on Fort McKay reserve lands in the Regional Municipality of Wood Buffalo and respectively Fort McKay First Nation Traditional Territory. Building on decades of collaboration, the announcement marks a significant milestone for FMFN, a leader in working with industry to create opportunities for its people while safeguarding the environment, and in Suncor’s Journey of Reconciliation.
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.
The stock price of Suncor Energy, Inc. [SU] has been fluctuating between $27.59 and $36.34 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 $36.34 at the most recent close of the market. An investor can expect a potential return of 0.55% based on the average SU price forecast.
Analyzing the SU fundamentals
The Suncor Energy, Inc. [NYSE:SU] reported sales of 36.37B for trailing twelve months, representing a drop of -8.27%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.2 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.28.
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 35.99 points at the first support level, and at 35.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.53, and for the 2nd resistance point, it is at 36.73.
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
It’s worth pointing out that Suncor Energy, Inc. [NYSE:SU]’s Current Ratio is 1.44. In addition, the Quick Ratio stands at 0.88 and the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 1.43 and price to earnings (TTM) ratio is 7.75.
