Canadian stock alert

CANA

CLOSING UPDATE: Suncor Energy down 2.4% in 2 days 19 January 2018 18:23 EST

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Suncor Energy, Canada's largest oil & gas - integrated company by market capitalisation, extended its slide on Friday, shedding an additional 81.0c (or 1.7%) to trade at CAD46.22. Trading volume was 1.3 times average at the end of the day. The shares have fallen CAD1.12 (or 2.4%) over the past two trading days vs. the S&P/TSX 60 Index which has risen 0.2% in the same period.

Technical indicators complementing today's significant downtrend:

+ The price dropped 2.4% in the last week.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Price/Sales of 2.5 [0.8]

+ Price to Book of 1.8 [0.8]

+ Return on Equity 1.0% [5.5%]

+ Return on Assets 0.5% [2.7%]

+ Return on Capital Employed 0.7% [3.5%]

Other Bearish Signals include:

+ Net profit margin has averaged 0.5% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

+ As per the Du Pont analysis, Return on Equity is less than stellar at 1.0%.

Note

The stock has outperformed 71% of the Canadian market over the past 6 months.

Bullish Signals:

The positive 0.58 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 3.1% discount to 12-month high of CAD47.69 against the 30.1% premium to 12-month low of CAD35.54 suggests the stock continues to push for new highs.

In the last three months the stock has hit a new 52-week high eleven times, pointing to a significant uptrend.

Tobin's Q Ratio is 0.9. Compared with the rest of the market the stock is undervalued.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Dividend yield of 2.8% [1.9%]

TODAY'S ALERTS

Afternoon Alert: Suncor Energy down 2.2% in 2 days

19 January 2018 14:45 EST

Suncor Energy Inc. (TSX:SU) extended its slide on Friday, shedding an additional 74.0c (or 1.6%) to trade at CAD46.29. Trading volume was 1.4 times average so far today. The shares have fallen CAD1.05 (or 2.2%) over the past two trading days vs. the S&P/TSX 60 Index which has risen 0.2% in the same period.

Afternoon Alert: Suncor Energy down 2.5% in 2 days

19 January 2018 12:16 EST

Suncor Energy Inc. (TSX:SU) extended its slide on Friday, shedding an additional 86.0c (or 1.8%) to trade at CAD46.17. Trading volume was 1.6 times average so far today. The shares have fallen CAD1.17 (or 2.5%) over the past two trading days vs. the S&P/TSX 60 Index which has fallen 0.003% in the same period.

RECENT ALERTS

Afternoon Alert: Suncor Energy decreases 0.3%, leads Oil & gas - integrated sector lower

18 January 2018 12:16 EST

Suncor Energy Inc. (TSX:SU) has decreased 0.3% to trade at CAD47.19 vs. the Oil & gas - integrated sector which weakened 1.2 points (or 0.1%) to 879.2. Representing a weighting of about 50.2% of the sector, the stock accounted for the loss. Trading volume was 1.2 times average so far today.

Afternoon Alert: Suncor Energy increases 0.6%, leads Oil & gas - integrated sector higher

17 January 2018 12:17 EST

Suncor Energy Inc. (TSX:SU) has increased 0.6% to trade at CAD47.36 vs. the Oil & gas - integrated sector which strengthened 5.5 points (or 0.6%) to 876.7. Representing a weighting of about 50.5% of the sector, the stock accounted for 51.1% of today's gain. The shares have outperformed 81% of the market in the past three months. Trading volume was 90% of average so far today.

Suncor Energy Inc. (T:SU; TSE:SU; N:SU; CN:SU)

ISIN: CA8672241079

PermID: 4295861310

CIK: Suncor Energy Inc.

Source: www.BuySellSignals.com