Analysts polled by Thomson Reuters expected the company to report earnings of C$0.33 per share.
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Shares of Suncor Energy Inc. Scotiabank upped their price target on shares of Suncor Energy from $42.00 to $45.00 in a research report on Wednesday, July 8th. Goldman Sachs initiated coverage on Suncor Energy in a research report on Monday, June 29th. (NYSE:SU) at $37.2. The standard deviation of short term price target has been estimated at $8.18, implying that the actual price may fluctuate by this value. Based on the analysts taken into account by Zacks, the average rating now stands at 2 for Suncor Energy Inc. Finally, BMO Capital Markets cut their price objective on shares of Suncor Energy from $48.00 to $44.00 and set an “outperform” rating for the company in a report on Wednesday, July 1st.
Shares of Suncor Energy (NYSE:SU) opened at 26.68 on Thursday. The shares closed down 0.28 points or 1.1% at $25.08 with 3,777,900 shares getting traded. The stock has a market cap of $38.57 billion and a price-to-earnings ratio of 58.77. The 50-day moving average is $27.29 and the 200 day moving average is recorded at $29.49. Suncor Energy has a one year low of $30.89 and a one year high of $45.38. At Jul 30, 2015 share price, the yield comes out to be 4.3478%. The 52-week low of the share price is $25.11.
Suncor Energy is Canada’s leading integrated energy company. A member of Dow Jones Sustainability, FTSE4Good and CDP indexes, Suncor is working to responsibly develop petroleum resources while also growing a renewable energy portfolio.
Major oil companies continued to batten down their hatches to ride out the longer-than-anticipated storm in crude markets, with more spending and job cuts in Calgary and around the globe. “As a result of these initiatives and the operational progress the company has made, we are now in an even stronger position to remain cost competitive and potentially resume investing in high-return growth projects”. Its Exploration and Production segment consists of offshore operations off the east coast of Canada and in the North Sea, and onshore assets in North America, Libya and Syria.
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The three companies are signalling an industry-wide trend of further retrenchment, which will deepen Alberta’s economic slump, add to woes in Calgary’s battered housing market and put further pressure on the sinking Canadian dollar. The Company also markets third-party petroleum products.
