Based on the provided data and recent market activity, here's my analysis for Suncor Energy (SU):
Technical Analysis
The stock is currently in a consolidation phase with key technical levels:
- Support: $36.81 (Fibonacci S1)
- Resistance: $40.42 (Fibonacci R1)
- Current price: $39.56
Recent Performance & Catalysts
- Q4 2024 earnings beat estimates with EPS of $0.89 vs $0.82 expected
- Record production and strong operational performance in Q4
- Stock has added about 6.9% since the beginning of 2025
Fundamental Metrics
- P/E: 6.58x
- EV/EBITDA: 2.78x
- P/S: 1.02x
- P/B: 1.46x
- Dividend Yield: 4.38%
Analyst Sentiment
Recent analyst actions:
- Raymond James raised price target to C$58 from C$57
- TD Securities increased target to C$63 from C$62
Recommendation: HOLD/ACCUMULATE
The stock appears fairly valued at current levels with balanced risk-reward. While operational performance is strong and valuation metrics are attractive, the stock is trading near resistance levels. Consider:
- Entry points near support at $36.81
- Take profits approaching resistance at $40.42
- Hold existing positions with stop-loss below $35.69 (Fibonacci S2)