Suncor Energy, Inc. (NYSE: SU) Now $27.59 Higher From Its Low (10.93), Does It Still Have A Growth Story?

Suncor Energy, Inc. (NYSE:SU) currently has a daily average trading volume of 4.34M but it saw 5877060 shares traded in last market. With a market cap of 49.58B USD, the company’s current market price of $38.52 came rising about 1.45 while comparing to the previous closing price of $37.97. In past 52 weeks, the stock remained buoying in the range of price level as high as $38.02 and as low as $27.59.

Taking a look at 20-day trading activity of Suncor Energy, Inc. (SU) gives us an average price of $36.15, while its current price level is 1.32% below from 52-week high level whereas it is 39.62% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $34.22 while that of 200 days or SMA-200 reads an average of $32.67. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.63% during that period while stretching the period over a month that decreases to 1.54%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 77.72 which implies that the stock is in overbought territory.

Over the week, SU’s stock price is moving 5.74% up while it is 12.50% when we observe its performance for the past one month. Year-to-date it is 20.22% up and over the past year, the stock is showing an upside performance of 24.06%.

The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $0.93 beat the consensus estimate of $0.81 for the same. For SU, analysts are forecasting an EPS-growth rate of -1.60% for current year and estimate for EPS growth in next year is 11.10%. In next quarter, company is expected to be making quarterly sales of $9.5 billion as analysts are expecting the sales for current fiscal year at $39.89 billion and seeing the company making $38 billion in sales next year. Moreover, analysts are in estimates of $9.84 billion for current-quarter revenue.

Currently, Suncor Energy, Inc.’s total number of outstanding shares is 1.29B with 0.01% of that held by the insiders while 67.34% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 13.90% and return on equity (ROE) at 19.84%. It has a price to earnings ratio (P/E ratio) of 8.21 while having a 10.26 of forward P/E ratio. Stock’s beta reads 1.14. Stock has a price to book (P/B) ratio of 1.51 while price to sale or P/S ratio amounts to 1.36. Its return on asset (ROA) is 9.47% on average.