Last Updated: 08 Nov 2024
Executive Summary
Suncor Energy Inc. (SU) is a leading integrated energy company with operations in Canada, the United States, and the United Kingdom. The company has a market capitalization of $50.29 billion and trades on the NYSE under the symbol SU. Suncor's latest stock price is $39.6, and the company has a dividend yield of 0.0414%.
Company Overview
Suncor Energy Inc. is headquartered in Calgary, Canada, and is engaged in the exploration, production, refining, and marketing of crude oil, natural gas, and petroleum products. The company has a strong presence in the Canadian oil sands and is one of the largest producers of synthetic crude oil in the world. Suncor also has a significant refining and marketing business in Canada and the United States.
Fundamental Analysis
Suncor Energy Inc. has a strong financial profile. The company has a trailing P/E ratio of 9.32, which is below the industry average of 10.82. Suncor also has a strong balance sheet with low debt levels and ample liquidity. The company's return on assets (ROA) and return on equity (ROE) are both above the industry average, indicating that Suncor is generating strong returns for its shareholders.
Technical Analysis
Suncor Energy Inc.'s stock price has been in a downtrend since early 2023. The stock price has fallen below its 50-day and 200-day moving averages, indicating that the trend is likely to continue. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
The short-term outlook for Suncor Energy Inc. is negative. The stock price is in a downtrend and the technical indicators are bearish. The company is also facing headwinds from the global economic slowdown and the decline in oil prices.
Long Term Outlook
The long-term outlook for Suncor Energy Inc. is more positive. The company has a strong financial profile and is well-positioned to benefit from the long-term growth in demand for energy. The company's investment in renewable energy is also a positive sign for the future.
Analyst Recommendations
The majority of analysts have a buy rating on Suncor Energy Inc. The average analyst target price is $42.89, which represents a potential upside of 8.3% from the current stock price.
