SU Stock Summary and Trading Ideas (Suncor Energy | NYSE:SU)

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil production, petroleum refining in Canada and the U.S., and the company's Petro-Canada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, and renewable fuels. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. The company's operating segments include Oil Sands, Exploration and Production, and Refining and Marketing. Geographically, the company generates a majority of its revenue from Canada.

Suncor Energy trades on the NYSE stock market under the symbol SU.

As of November 5, 2024, SU stock price climbed to $38.44 with 2,060,546 million shares trading.

SU has a beta of 0.24, meaning it tends to be less sensitive to market movements. SU has a correlation of 0.01 to the broad based SPY ETF.

SU has a market cap of $48.82 billion. This is considered a Large Cap stock.

Last quarter Suncor Energy reported $10 billion in Revenue and $.93 earnings per share. This beat revenue expectation by $142 million and exceeded earnings estimates by $.16.

In the last 3 years, SU traded as high as $42.72 and as low as $22.22.

The top ETF exchange traded funds that SU belongs to (by Net Assets): DFIV, ICOW, DFIC, DIHP, DFAI.

SU has underperformed the market in the last year with a price return of +19.5% while the SPY ETF gained +34.3%. SU has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +6.1% and -1.4%, respectively, while the SPY returned +8.5% and -1.2%, respectively.

SU support price is $37.54 and resistance is $38.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SU shares will trade within this expected range on the day.