Suncor stock performance

Suncor Energy (SU) stock has fallen by 2.9% in the past month. The stock has fallen the most compared to ExxonMobil (XOM), Chevron (CVX), Shell (RDS.A), BP (BP), and Total (TOT). In the past month, Shell has risen by 0.3%, while BP, Total, and Chevron have fallen by 0.7%, 0.8%, and 0.9%, respectively. ExxonMobil has declined by 2.5% in the same period. The broad market indicator, the SPDR S&P 500 ETF (SPY), has risen by 3.0% in the same period.

Suncor’s moving averages

In the past month, Suncor stock has declined. Suncor’s ten DMA (day moving average) has fallen by 5.8% in the same period. Thus, the gap between the ten DMA and the 30 DMA has widened. Suncor’s ten DMA, which stood 1.6% below its 30 DMA on May 13, 2019, is now 2.9% below its 30 DMA. The wider the gap, the more difficult it is for a stock’s ten DMA to cross over its 30 DMA.

How is Suncor positioned?

Suncor trades at 12.2x its forward PE, below the peer average of 12.3x. Shell (RDS.A), BP (BP), and Total (TOT) also stand below average at the forward PEs of 10.6x, 10.8x, and 9.0x, respectively. However, ExxonMobil (XOM) and Chevron (CVX) trade above average at 16.1x and 15.1x its forward PE, respectively.

Suncor’s dividend yield currently stands at 4.0%, below the peer average of 5.0%. In Q1 2019, Suncor paid dividends of 662 million Canadian dollars and repurchased about 514 million Canadian dollars worth of shares.

Besides, the company is expected to post a ~26% rise in its earnings in 2019. This is more than the average increase in peers, which stands at about 2%. Suncor’s robust upstream volumes growth is expected to offset the fall in oil prices in the year.

Overall, Suncor stock has declined the most in the past month. Plus, the stock has a lower dividend yield compared to peers. Also, the gap between Suncor’s moving averages has widened. But it is important to note that the company has the highest earnings growth estimate for the current year.

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