Stocks

Why Suncor Energy Inc stock is gaining today

By Wealth Awesome Newsroom -
Stocks & ETFs:SU.TO
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Suncor Energy Inc is on the rise, showcasing resilience in the energy sector with a modest gain of 0.42%.

In the latest trading session, Suncor Energy Inc (SU.TO) saw its stock price increase by 0.42%, closing at CA$78.51. This uptick reflects investor confidence amidst a fluctuating energy market.

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Suncor Energy Inc

SU.TO

Full stock page โ†’

SU.TO

Suncor Energy Inc

Source:WealthAwesomeWealthAwesome
โ†‘ $15.51 (22.71%)
120 day period
$68.31$82.06$95.81Jan 20Apr 16Jul 10

Market cap

$98.97B

P/E

15.9x

52W high

$95.89

52W low

$50.97

1W change

+7.31%

Beta

0.57

Analyst Price Targets

Based on analyst covering SU

๐Ÿ“ˆ

Wall Street analysts forecast SU stock price to rise 19.9% over the next 12 months.

Consensus

No Rating

Avg. Target

C$100.53

+19.9% Upside

Current Price

C$83.82

Last close

Analyst ratings and price targets are updated periodically. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on SU's historical volatility

HistoricalForecast68%95%
C$52.76C$66.58C$80.40C$94.22C$108.05C$121.87TodayMar 4May 7Jul 10Aug 22Oct 5Nov 17

30-Day Vol

32.5%

Annualized

90-Day Vol

31.9%

Annualized

Trend (90d)

-12.3%

Annualized drift

90d Mean

C$80.22

Expected price

HorizonExpected68% Range (1ฯƒ)
30 trading daysC$82.60C$73.84 โ€“ C$92.41
60 trading daysC$81.40C$69.46 โ€“ C$95.40
90 trading daysC$80.22C$66.05 โ€“ C$97.42

Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯƒ, 95% band = ยฑ2ฯƒ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.

Investor takeaway: With a solid market cap of CA$93.7 billion and a P/E ratio of 14.86, Suncor continues to be a key player in the Canadian energy landscape, offering potential for both growth and dividends.

Suncor Energy Inc's market cap reaches CA$93.7 billion

With a market cap of CA$93.7 billion, Suncor stands as a significant entity in the Canadian energy sector, reflecting its substantial operational scale and market influence.

Bull case

Suncor's strong fundamentals, including a profit margin of 12.39% and a consistent dividend yield of 2.95%, show that the company is well-positioned for sustainable growth. This stability can be appealing to investors, especially in a volatile market.

Bear case

Despite the positive movement, potential investors should stay cautious. The energy sector can be sensitive to global market fluctuations, and any downturn could affect Suncor's performance. It's important to keep an eye on external factors that might impact oil prices.

Performance Overview

Suncor Energy Inc's stock closed at CA$78.51, marking a gain of 0.42% in the latest trading session. This performance is noteworthy as it reflects the company's resilience in a challenging market environment.

Company Fundamentals

With a P/E ratio of 14.86 and a profit margin of 12.39%, Suncor Energy demonstrates strong operational efficiency. The company also offers a dividend yield of 2.95%, making it a potentially attractive option for income-focused investors.

Market Outlook

While Suncor's recent gains are encouraging, investors should remain vigilant about the broader energy market dynamics. Global oil prices and geopolitical factors can significantly influence Suncor's stock performance in the future. For more insights, check out our detailed analysis on Suncor Energy Inc.


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