Suncor Energy Inc. (NYSE:SU) has a beta value of 1.43 and has seen 4,173,236 shares traded in the recent trading session. The company, currently valued at $20.86 Billion, closed the recent trade at $13.65 per share which meant it gained $0.3 on the day or 2.28% during that session. The SU stock price is -153.19% off its 52-week high price of $34.56 and 29.6% above the 52-week low of $9.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.58 Million shares traded. The 3-month trading volume is 5.43 Million shares.
The consensus among analysts is that Suncor Energy Inc. (SU) is a Buy stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while 3 rate it as Overweight. 4 out of 24 have rated it as a Hold, with 17 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.5.
Suncor Energy Inc. (NYSE:SU) trade information
Sporting 2.28% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Sep 10 when the SU stock price touched $14.26- or saw a rise of 4.49%. Year-to-date, Suncor Energy Inc. shares have moved -58.48%, while the 5-day performance has seen it change -3.27%. Over the past 30 days, the shares of Suncor Energy Inc. (NYSE:SU) have changed -19.88%. Short interest in the company has seen 9.65 Million shares shorted with days to cover at 1.78.
Wall Street analysts have a consensus price target for the stock at $22.86, which means that the shares’ value could jump 67.47% from current levels. The projected low price target is $18 while the price target rests at a high of $40.13. In that case, then, we find that the current price level is +193.99% off the targeted high while a plunge would see the stock lose 31.87% from current levels.
Suncor Energy Inc. (SU) estimates and forecasts
Figures show that Suncor Energy Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +6.04% over the past 6 months, with this year growth rate of -154.25%, compared to -3.1% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 28.2% and 300% for the next quarter. Revenue growth from the last financial year stood is estimated to be +16.3%.
7 analysts offering their estimates for the company have set an average revenue estimate of $7.54 Billion for the current quarter. 7 have an estimated revenue figure of $7.03 Billion for the next quarter concluding in June 01, 2018. Year-ago sales stood $6.17 Billion and $5.72 Billion respectively for this quarter and the next, and analysts expect sales will grow by 22.1% for the current quarter and 23% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0.2% over the past 5 years. Earnings growth for 2020 is a modest -8.1% while over the next 5 years, the company’s earnings are expected to increase by -8.18%.
Suncor Energy Inc. is expected to release its next earnings report in Aug, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.64 at a share yield of 4.82%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.61%.
Suncor Energy Inc. (NYSE:SU)’s Major holders
Insiders own 0.01% of the company shares, while shares held by institutions stand at 72.46% with a share float percentage of 72.47%. Investors are also buoyed by the number of investors in a company, with Suncor Energy Inc. having a total of 876 institutions that hold shares in the company. The top two institutional holders are FIL LTD with over 85.85 Million shares worth more than $1.45 Billion. As of June 29, 2020, FIL LTD held 5.63% of shares outstanding.
The other major institutional holder is Royal Bank of Canada, with the holding of over 70.99 Million shares as of June 29, 2020. The firm’s total holdings are worth over $1.2 Billion and represent 4.65% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Dodge & Cox International Stock Fund and Vanguard International Stock Index-Total Intl Stock Indx. As of June 29, 2020, the former fund manager holds about 3.14% shares in the company for having 47885854 shares of worth $807.36 Million while later fund manager owns 26.95 Million shares of worth $480.99 Million as of April 29, 2020, which makes it owner of about 1.77% of company’s outstanding stock.