Stay Ahead of Wall Street. Find out what is happening to Suncor Energy Inc. (NYSE:SU) stock today? Its price is jumping 0.04 points, trading at $34.06 levels, and is up 0.12% from its previous close of $34.02. The shares seem to have an active trading volume day with a reported 155361 contracts so far this session. SU shares had a relatively better volume day versus average trading capacity of 2.94 million shares, but with a 1.53 billion float and a 0.32% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for SU stock indicates that the average analyst price target is $42.83 per share. This means the stock has a potential increase of 25.75% from where the SU share price has been trading recently.
During the recent trading session for Suncor Energy Inc. (NYSE:SU), the company witnessed their stock rise $0.01 over a week and surge $2.34 from the price 20 days ago. When compared to their established 52-week high of $34.87, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 03/20/19. The recent low of $27.28 stood for a -2.32% since 07/08/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.09 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Suncor Energy Inc., the two-week RSI stands at 66.52. This figure suggests that SU stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current SU readings is similarly very revealing as it has a stochastic reading of 84.34% at this stage. This figure means that SU share price today is being oversold.
Technical chart claims that Suncor Energy Inc. (SU) would settle between $34.24/share to $34.47/share level. However, if the stock price goes below the $33.78 mark, then the market for Suncor Energy Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $33.55 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.36. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Evercore ISI lowered their recommendation on shares of SU from Outperform to In-line in their opinion released on April 03. Credit Suisse analysts bumped their rating on Suncor Energy Inc. (NYSE:SU) stock from Neutral to Outperform in a separate flash note issued to investors on March 14. Analysts at Macquarie released an upgrade from Neutral to Outperform for the stock, in a research note that dated back to February 07.
SU equity has an average rating of 1.88, with the figure leaning towards a bullish end. 10 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 8 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 8 analysts rated Suncor Energy Inc. (NYSE:SU) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, SU stock price is currently trading at 13.97X forward 12-month Consensus EPS estimates, and its P/E ratio is 14 while for the average stock in the same group, the multiple is 15.6. Suncor Energy Inc. current P/B ratio of 1.5 means it is trading at a premium against its industry’s 1.2.
Suncor Energy Inc. (SU)’s current-quarter revenues are projected to climb by nearly 22.1% to hit $7.54 billion, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 16.3% from $25.33 billion to a noteworthy $29.45 billion. At the other end of the current quarter income statement, Suncor Energy Inc. is expected to see its adjusted earnings surge by roughly 28.2% to hit $0.5 per share. For the fiscal year, SU’s earnings are projected to climb by roughly 15.9% to hit $1.75 per share.