Suncor Energy Inc. [NYSE: SU] The loss closed at $35.18 with a loss of -1.21% or -0.43 points with a heavy trading volume of 5338876 shares. The company reported on November 15, 2022 that Suncor Energy increases its quarterly dividend by 11% to $0.52 per common share.
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CALGARY, Alberta-(Newsfile Corp. – November 15, 2022) – Suncor (TSX: SU) (NYSE: SU) Energy’s Board of Directors has approved a quarterly dividend of $0.52 per common share, an 11% increase over the previous quarter’s dividend represents an increase of . ,
It opened the trading session at $34.77, shares rose to $35.23 and fell to $33.44, the range in which the stock price traded throughout the day. The daily chart for SU shows that the company has registered a loss of -10.76% in the last six months. However, it is still -58.33% lower than its most recent trading low.
If we look at the average trading volume of 4.87M shares, SU reached a volume of 5338876 in the most recent trading day, which is why market watchdogs consider the stock active.
Here’s what top equity market gurus are saying about Suncor Energy Inc. [SU],
Based on careful and fact-backed analysis by Wall Street experts, the current consensus on the target price for SU shares is $41.15 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on SU stock is a recommendation at 2.30. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.
Jefferies has set an outlook for shares of Suncor Energy Inc on October 19, 2022, keeping its view on the stock as Hold, in line with its previous recommendation. While these analysts kept the previous recommendation, Credit Suisse raised its target price to outperform. The new note on price target was issued on August 11, 2022, which represents the official price target for Suncor Energy Inc stock.
Suncor Energy Inc. The Average True Range (ATR) for SU stock is set at 1.35, the price to sales ratio for SU stock over the trailing 12-month period is 1.16. The Price to Book ratio for the previous quarter was 1.68, the Price to Cash per share for the same quarter was set at 2.54. The Price to Free Cash Flow for SU during the trailing twelve months was 6.08, with a quick ratio of 0.90 for the last quarter.
Trading Performance Analysis for SU Stock
Suncor Energy Inc. [SU] It fell into the red zone at the end of last week, fell into a negative trend and fell -2.82. With this latest performance, SU shares are up 5.39% over the past four-week period as well as down -10.76% over the past 6 months — not to mention a 40.55% gain in the past year of trading.
Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for the SU stock for the past two-week period is set at 53.07, with the RSI for the last one trading hit 48.71, and the three-week RSI for Suncor Energy Inc. for is set to 54.30. [SU], The current moving average for the last 50 days of trading for this stock is 32.61, while it was recorded at 36.07 for the last one week and 33.34 for the last 200 days.
Suncor Energy Inc. [SU]: A Deep Dive into Fundamental Analysis
Suncor Energy Inc. Equally interesting is its liquidity data, with a quick ratio of 0.90 and a current ratio set at 1.30.
Suncor Energy Inc. [SU]: Earnings Per Share (EPS) Analysis
The company’s progress can be seen through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting 5-year EPS growth rate for SU. When it comes to quoted price, analysts are expecting a 5 Year EPS growth rate of 28.00% for Suncor Energy Inc.
Analysis of Insider Ownership in Suncor Energy Inc. [SU]
Institutional investors currently hold around $27,518 million or 68.50% of SU stock in their hands. The top three institutional holders of SU stock are: Royal Bank of Canada with ownership of 68,623,555, which is approximately -0.795% of the company’s market cap and approximately 0.02% of total institutional ownership; Vanguard Group Inc. holds 48,724,412 shares of stock with an estimated value of $1.71 billion in SU stock shares; and DODGE & COX, with $1.48 billion in SU stock currently owned by approximately 1.388% of the company’s market capitalization.
Suncor Energy Inc. held by institutional investors at the end of November and during the November reporting period. Shares position increased where 246 institutional holders increased their positions in Suncor Energy Inc. [NYSE:SU] By approximately 53,793,698 shares. Additionally, 275 investors reduced positions totaling approximately 76,679,302 shares, while 100 investors held positions totaling 651,741,132 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 782,214,132 shares. There were 56 new institutional investments in SU stock for a total of 4,453,097 shares, while 68 institutional investors sold 9,074,874 shares during the same period.