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Suncor Energy Inc. (SU) Slumps 0.42%, A Gain For Bears

Suncor Energy Inc. (NYSE:SU) has a beta value of 1.26 and has seen 1.08 million shares traded in the recent trading session. The company, currently valued at $43.36B, closed the recent trade at $31.31 per share which meant it gained $0.13 on the day or 0.42% during that session. The SU stock price is -36.44% off its 52-week high price of $42.72 and 40.43% above the 52-week low of $18.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.95 million shares traded. The 3-month trading volume is 6.35 million shares.

The consensus among analysts is that Suncor Energy Inc. (SU) is an Overweight stock at the moment, with a recommendation rating of 2.30. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 19 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $1.97.

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Suncor Energy Inc. (NYSE:SU) trade information

Sporting 0.42% in the green today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the SU stock price touched $31.31 or saw a rise of 1.85%. Year-to-date, Suncor Energy Inc. shares have moved 24.57%, while the 5-day performance has seen it change -1.27%. Over the past 30 days, the shares of Suncor Energy Inc. (NYSE:SU) have changed -4.41%. Short interest in the company has seen 14.05 million shares shorted with days to cover at 1.53.

Wall Street analysts have a consensus price target for the stock at $42.86, which means that the shares’ value could jump 26.95% from the levels at last check today. The projected low price target is $35.38 while the price target rests at a high of $49.63. In that case, then, we find that the latest price level in today’s session is -58.51% off the targeted high while a plunge would see the stock gain -13.0% from the levels at last check today.

Suncor Energy Inc. (SU) estimates and forecasts

Figures show that Suncor Energy Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -3.94% over the past 6 months, with this year growth rate of 217.65%, compared to 40.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 418.40% and 223.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 49.30%.

4 analysts offering their estimates for the company have set an average revenue estimate of $11.17 billion for the current quarter. 4 have an estimated revenue figure of $12.17 billion for the next quarter concluding in Sep 2022. Year-ago sales stood $7.19 billion and $7.97 billion respectively for this quarter and the next, and analysts expect sales will grow by 55.40% for the current quarter and 52.70% 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 59.40% over the past 5 years. Earnings growth for 2022 is a modest 197.70% while over the next 5 years, the company’s earnings are expected to increase by 24.00%.

SU Dividends

Suncor Energy Inc. is expected to release its next earnings report between May 02 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.43 at a share yield of 4.58%. The company’s dividend yield has gone up over the past 12 months.

Suncor Energy Inc. (NYSE:SU)’s Major holders

Insiders own 0.02% of the company shares, while shares held by institutions stand at 62.26% with a share float percentage of 62.27%. Investors are also buoyed by the number of investors in a company, with Suncor Energy Inc. having a total of 825 institutions that hold shares in the company. The top two institutional holders are Royal Bank of Canada with over 71.14 million shares worth more than $2.32 billion. As of Mar 30, 2022, Royal Bank of Canada held 5.15% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 48.29 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $1.57 billion and represent 3.50% 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 Jun 29, 2022, the former fund manager holds about 1.98% shares in the company for having 27.32 million shares of worth $958.08 million while later fund manager owns 18.59 million shares of worth $668.26 million as of Apr 29, 2022, which makes it owner of about 1.35% of company’s outstanding stock.

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