Timing, Fundamentals, and Diversification of Suncor Energy Inc. (SU)

Suncor Energy Inc. (NYSE: SU) closed the day trading at $29.17 down -0.34% from the previous closing price of $29.27. In other words, the price has decreased by -$0.10 from its previous closing price. On the day, 6427465 shares were traded. SU stock price reached its highest trading level at $29.85 during the session, while it also had its lowest trading level at $28.45.

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For a better understanding of SU, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.18. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.32.

Upgrades & Downgrades

Valuation Measures:

As of this moment, Suncor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.20, and their Forward P/E ratio for the next fiscal year is 4.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 1.38.

Stock Price History:

Over the past 52 weeks, SU has reached a high of $42.72, while it has fallen to a 52-week low of $26.42. The 50-Day Moving Average of the stock is 33.14, while the 200-Day Moving Average is calculated to be 33.16.

Shares Statistics:

Over the past 3-months, SU traded about 4.41M shares per day on average, while over the past 10 days, SU traded about 5.6M shares per day. A total of 1.34B shares are outstanding, with a floating share count of 1.32B. Insiders hold about 0.02% of the company’s shares, while institutions hold 68.50% stake in the company. Shares short for SU as of Jan 12, 2023 were 31.85M with a Short Ratio of 97.20M, compared to 76.12M on Dec 14, 2022.

Dividends & Splits

SU’s forward annual dividend rate is 1.53, up from 0.83 a year ago. Against a Trailing Annual Dividend Yield of 2.85%, it implies a Forward Annual Dividend Yield of 4.59%. The stock’s 5-year Average Dividend Yield is 4.02. The current Payout Ratio is 39.90% for SU, which recently paid a dividend on Mar 23, 2023 with an ex-dividend date of Nov 30, 2022. Stock splits for the company last occurred on May 26, 2008 when the company split stock in a 2:1 ratio.

Earnings Estimates

Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of $1.31 for the current quarter, with a high estimate of $1.38 and a low estimate of $1.23, while EPS last year was $0.71. The consensus estimate for the next quarter is $1.17, with high estimates of $1.38 and low estimates of $1.02.

Analysts are recommending an EPS of between $8.08 and $3.12 for the fiscal current year, implying an average EPS of $5.94. EPS for the following year is $4.58, with 10 analysts recommending between $6.84 and -$0.3.

Revenue Estimates

4 analysts predict $10.67B in revenue for the current quarter. It ranges from a high estimate of $11.19B to a low estimate of $9.77B. As of the current estimate, Suncor Energy Inc.’s year-ago sales were $8.37B, an estimated increase of 27.50% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $10.14B, an increase of 0.10% less than the figure of $27.50% in the same quarter last year. There is a high estimate of $10.95B for the next quarter, whereas the lowest estimate is $9.36B.

A total of 7 analysts have provided revenue estimates for SU’s current fiscal year. The highest revenue estimate was $47.46B, while the lowest revenue estimate was $43.06B, resulting in an average revenue estimate of $44.83B. In the same quarter a year ago, actual revenue was $29.33B, up 52.90% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $42.16B in the next fiscal year. The high estimate is $48.89B and the low estimate is $33.15B. The average revenue growth estimate for next year is down -6.00% from the average revenue estimate for this year.