Suncor Energy Inc has shown notable performance this week, reflecting broader trends in the energy sector.
Suncor Energy Inc (SU.TO) has had a strong week in the market, with shares closing at C$93.41, up 1.54% on the day and 7.02% over the past week. This increase follows a significant year-to-date rise of 45.70%, indicating strong investor interest and confidence in the companyโs prospects.
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Suncor Energy Inc
SU.TO
SU.TO
Suncor Energy Inc
WealthAwesomeMarket cap
$106.08B
P/E
17.1x
Div. yield
2.67%
Div. / share
$2.34
52W high
$95.89
52W low
$51.16
1W change
+7.02%
Beta
0.57
Analyst Price Targets
Based on analyst covering SU
Wall Street analysts forecast SU stock price to rise 11.1% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$101.30
+11.1% Upside
Current Price
C$91.22
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on SU's historical volatility
30-Day Vol
29.7%
Annualized
90-Day Vol
32.3%
Annualized
Trend (90d)
+15.5%
Annualized drift
90d Mean
C$96.42
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$92.92 | C$83.87 โ C$102.95 |
| 60 trading days | C$94.65 | C$81.89 โ C$109.41 |
| 90 trading days | C$96.42 | C$80.74 โ C$115.14 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: With solid performance and a favorable analyst outlook, Suncor Energy presents a compelling option for investors focused on the energy sector, though market volatility remains a consideration.
Suncor Energy's stock has surged 45.70% year-to-date.
The stock has recently traded within 94% of its 52-week range, indicating it is approaching its upper limit, which may present risks for new investors.
Bull case
The company has shown strong earnings potential, with a profit margin of 12.4% and a return on equity (ROE) of 14%. Analysts suggest further upside, with an average target of C$101.30, implying an 8.4% potential increase from current levels.
Bear case
Despite the positive performance, Suncor's trading volume is lower than its 20-day average, which may signal a lack of sustained momentum. Additionally, the stock is trading close to its 52-week high, raising concerns about possible overvaluation.
Recent Price Action
Suncor Energy Inc's stock closed at C$93.41, marking a 1.54% increase for the day and a 7.02% rise over the past week. This uptick is part of a larger trend, as the stock has appreciated 14.79% in the last month and an impressive 45.70% year-to-date.
Company News
Recent headlines suggest a positive outlook for Suncor Energy, with reports indicating the company has met investor day targets earlier than expected. This follows a significant run-up in its stock price, raising questions about whether the current valuation reflects fair value. Notably, analysts maintain a moderately bullish outlook for the stock, with an average target price of C$101.30.
Technical Picture
From a technical standpoint, Suncor Energy is trading significantly above its 50-day moving average of C$85.45 (+9.3%) and its 200-day moving average of C$74.86 (+24.8%). With a 52-week range of C$51.16 to C$95.89, the stock is currently at 94% of its range, indicating it is nearing its upper limit. The beta of 0.57 suggests that the stock is less volatile than the market.
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