Suncor Energy Inc is making waves on the TSX with a notable gain of 3.90% in the last trading session.
Suncor Energy Inc (SU.TO) has seen its stock price rise to CA$83.63, reflecting strong performance that has caught the attention of investors. This increase comes as the company continues to show resilience and growth potential in the competitive oils-energy sector.
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Suncor Energy Inc
SU.TO
SU.TO
Suncor Energy Inc
WealthAwesomeMarket cap
$95.04B
P/E
15.3x
52W high
$95.89
52W low
$50.97
1W change
+9.61%
Beta
0.57
Analyst Price Targets
Based on analyst covering SU
Wall Street analysts forecast SU stock price to rise 20.2% over the next 12 months.
Consensus
No RatingAvg. Target
C$100.53
+20.2% Upside
Current Price
C$83.63
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
33.1%
Annualized
90-Day Vol
31.9%
Annualized
Trend (90d)
-28.1%
Annualized drift
90d Mean
C$75.65
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$80.88 | C$72.16 โ C$90.65 |
| 60 trading days | C$78.22 | C$66.57 โ C$91.91 |
| 90 trading days | C$75.65 | C$62.09 โ C$92.17 |
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 a year-to-date increase of 27.7% and a solid earnings outlook, Suncor Energy is positioned as a strong contender in the oils-energy market, making it a stock worth considering for your portfolio.
Suncor Energy's stock up 3.90% in one trading day
The stock has gained 27.7% year-to-date, reflecting strong investor confidence and performance metrics.
Bull case
Suncor's stock is supported by a solid earnings outlook, earning a Zacks Rank of #1 (Strong Buy) and a significant increase in earnings estimates. Investors are optimistic about its integrated operations, which range from oil sands development to refining, providing a diverse revenue stream.
Bear case
Despite its recent gains, potential investors should be cautious of market volatility and fluctuating oil prices, which can affect Suncor's profitability. Additionally, the company's relatively high P/E ratio compared to its peers may raise concerns about its valuation.
Strong Earnings Outlook
Suncor Energy has been recognized for its impressive earnings potential, with a Zacks Rank of #1 (Strong Buy). The consensus EPS estimate for the current year has surged by 43.6% over the past three months, indicating strong analyst sentiment. This bullish outlook is a key driver behind the stock's recent performance.
Market Position and Performance
With a market cap of CA$98.7 billion, Suncor Energy stands out in the oils-energy sector. It has outperformed its peers with a year-to-date gain of 27.7%, significantly higher than the sector average. This performance highlights Suncor's competitive edge and strong operational capabilities.
Valuation Metrics
Investors may find Suncor's valuation metrics appealing, particularly its P/B ratio of 1.57, which is lower than the industry average. This suggests that the stock may be undervalued relative to its peers, making it an attractive option for value-focused investors.
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