Suncor Energy, Inc. (NYSE:SU) has a beta value of 1.14 and has seen 1.18 million shares traded in the recent trading session. The company, currently valued at $49.97B, closed the recent trade at $38.83 per share which meant it gained $0.1 on the day or 0.25% during that session. The SU stock price is -0.62% off its 52-week high price of $39.07 and 28.95% above the 52-week low of $27.59. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.97 million shares traded. The 3-month trading volume is 4.27 million shares.
Suncor Energy, Inc. (NYSE:SU) trade information
Sporting 0.25% in the green today, the stock has traded in the green over the last five days, when the SU stock price touched $38.83 or saw a rise of 0.61%. Year-to-date, Suncor Energy, Inc. shares have moved 21.18%, while the 5-day performance has seen it change 0.80%. Over the past 30 days, the shares of Suncor Energy, Inc. (NYSE:SU) have changed 11.70%. Short interest in the company has seen 19.53 million shares shorted with days to cover at 3.89.
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 15.04% over the past 6 months, with this year growth rate of -5.29%, compared to 1.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -13.70% and 20.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 6.70%.
3 analysts offering their estimates for the company have set an average revenue estimate of $9.84 billion for the current quarter. 3 have an estimated revenue figure of $9.5 billion for the next quarter concluding in Jun 2024.
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 24.59% over the past 5 years. Earnings growth for 2024 is a modest -0.71% while over the next 5 years, the company’s earnings are expected to decrease by -5.91%.
SU Dividends
Suncor Energy, Inc. is expected to release its next earnings report between May 06 and May 10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.57 at a share yield of 4.06%. The company’s dividend yield has gone up over the past 12 months.
Suncor Energy, Inc. (NYSE:SU)’s Major holders
Insiders own 0.01% of the company shares, while shares held by institutions stand at 67.34% with a share float percentage of 67.35%. Investors are also buoyed by the number of investors in a company, with Suncor Energy, Inc. having a total of 875 institutions that hold shares in the company. The top two institutional holders are Royal Bank of Canada with over 70.81 million shares worth more than $2.08 billion. As of Jun 29, 2023, Royal Bank of Canada held 5.45% of shares outstanding.
The other major institutional holder is Sanders Capital, LLC, with the holding of over 55.77 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $1.64 billion and represent 4.29% 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, 2023, the former fund manager holds about 2.25% shares in the company for having 29.23 million shares of worth $856.99 million while later fund manager owns 17.69 million shares of worth $553.41 million as of Jul 30, 2023, which makes it owner of about 1.36% of company’s outstanding stock.
