Last Updated: 18 Sep 2024
Executive Summary
Suncor Energy Inc. (SU) is a leading integrated energy company with a market capitalization of $47.35 billion. The company has a strong financial position with an EBITDA of $16.43 billion and a profit margin of 14.9%. Suncor Energy is currently trading at $37.25, which is below its 52-week high of $41.52. The company has a forward PE ratio of 10.72 and a dividend yield of 0.0432%.
Company Overview
Suncor Energy is headquartered in Calgary, Canada and is engaged in the exploration, production, refining, and marketing of crude oil and natural gas. The company has operations in Canada, the United States, and the North Sea. Suncor Energy is one of the largest integrated energy companies in Canada and is a major supplier of crude oil and natural gas to North America.
Fundamental Analysis
Suncor Energy has a strong financial position with an EBITDA of $16.43 billion and a profit margin of 14.9%. The company's revenue has grown by 0.1% over the past year and its earnings per share have grown by 4.29%. Suncor Energy has a strong balance sheet with $16.43 billion in cash and equivalents and $10.72 billion in debt.
Technical Analysis
Suncor Energy is currently trading at $37.25, which is below its 52-week high of $41.52. The company's stock price has been trending lower in recent months and is now trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is currently at 37.25, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for Suncor Energy is mixed. The company's stock price has been trending lower in recent months and is now trading below its 50-day and 200-day moving averages. The RSI is also indicating that the stock is oversold. However, the company has a strong financial position and its earnings per share have grown by 4.29% over the past year.
Long Term Outlook
The long-term outlook for Suncor Energy is positive. The company is a leading integrated energy company with a strong financial position. The company's operations are well-diversified and it is a major supplier of crude oil and natural gas to North America. The company is also well-positioned to benefit from the growing demand for energy in the future.
Analyst Recommendations
The majority of analysts have a buy rating on Suncor Energy. The average analyst target price is $44.87, which is 20.4% above the current price.
