Suncor Energy Stock Bearish Momentum With A 9% Fall So Far On Wednesday

(VIANEWS) – Shares of Suncor Energy (NYSE: SU) fell 9.25% to $28.59 at 12:09 EST on Wednesday, after five successive sessions in a row of losses. NYSE is sliding 2.55% to $14,563.94, following the last session’s upward trend. This seems, so far, an all-around bearish trend exchanging session today.

Suncor Energy ‘s last close was $31.51, 26.24% under its 52-week high of $42.72.

About Suncor Energy

Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada. It operates through Oil Sands; Exploration and Production; Refining and Marketing; and Corporate and Eliminations segments. The Oil Sands segment recovers bitumen from mining and in situ operations, and upgrades it into refinery feedstock and diesel fuel, or blends the bitumen with diluent for direct sale to market. The Exploration and Production segment is involved in offshore operations off the east coast of Canada and in the North Sea; and operating onshore assets in Libya and Syria. The Refining and Marketing segment refines crude oil and intermediate feedstock into various petroleum and petrochemical products; and markets refined petroleum products to retail, commercial, and industrial customers through its other retail sellers. The Corporate and Eliminations segment operates four wind farms in Ontario and Western Canada. The company also markets and trades in crude oil, natural gas, byproducts, refined products, and power. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1917 and is headquartered in Calgary, Canada.

Earnings Per Share

As for profitability, Suncor Energy has a trailing twelve months EPS of $0.01.

PE Ratio

Suncor Energy has a trailing twelve months price to earnings ratio of 2042.5. Meaning, the purchaser of the share is investing $2042.5 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 21.19%.

Yearly Top and Bottom Value

Suncor Energy ‘s stock is valued at $28.59 at 12:09 EST, way below its 52-week high of $42.72 and above its 52-week low of $26.43.

Moving Average

Suncor Energy ‘s worth is way below its 50-day moving average of $33.17 and way under its 200-day moving average of $33.29.

Revenue Growth

Year-on-year quarterly revenue growth grew by 47.3%, now sitting on 55.57B for the twelve trailing months.

More news about Suncor Energy (SU).

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