In Tuesday’s trading session, Suncor Energy Inc (NYSE:SU) stock dropped by 1.55%. The shares had an opening price of $35.88 which climbed to an intraday high of $36.00 and dropped to a close of $35.56. Approximately 3.26 million shares were traded on Tuesday while an average volume of 3.88 million shares were traded over 30 days. The 52-week low of the shares was $26.83 and the 52-week high was $36.76. Suncor Energy Inc (NYSE:SU) has a market cap of $53.38 billion.
Analysts’ ratings
On Tuesday, Citigroup analysts weighed on Suncor Energy Inc (NYSE:SU) shares and assigned a “neutral” rating on the stock. Numerous other research-analysts have weighed on the stocks lately. Zacks analysts reiterated their “neutral” rating on the stock on 3 September and have set a PT of $36.00 on the stock. TheStreet analysts reiterated their “hold” rating on the stock on 19 July. Three research-analysts have assigned a “hold” rating on the stock while 10 have set a “buy” rating. Currently, the average rating on the Suncor Energy Inc (NYSE:SU) stock is a “buy and the average target price is $43.36.
Quarterly earnings report
Suncor Energy Inc (NYSE:SU) last posted its quarterly-earnings data on 1 August. It reported earnings per share of $0.45 for the quarter which missed the average analyst estimate of $0.64. In the same quarter of 2012 Suncor Energy Inc (NYSE:SU) posted earnings per share of $0.81. On an average, analysts have projected that the company will post earnings per share of $3.09 for the current financial year.
Suncor Energy Inc (NYSE:SU) is an integrated energy-company. It focuses on the development of petroleum resource basin located in Canada’s Athabasca oil-sands. Apart from this, Suncor Energy Inc (NYSE:SU) is involved in exploring, acquiring, developing, producing and marketing crude O&N gas in Canada as well as internationally. It transports and also refines crude oil, and market-petroleum and petrochemical-products mainly in Canada.
