Suncor Energy Inc. (NYSE:SU) traded at a new 52-week high today of $23.58. This new high was reached on below average trading volume as 2.6 million shares traded hands, while the average 30-day volume is approximately 11 million shares.
Suncor Energy is one of Canada’s largest integrated energy companies, operating in western Canada, east coast Canada, the United States, and the North Sea. The upstream portfolio includes bitumen, synthetic crude, and conventional crude, which helps to offset higher-cost oil sands production. Suncor’s upstream production is supported by its refining operations, which have a capacity of 466,000 barrels a day. Production averaged 695 mb/d in 2020, and the company estimates that it holds approximately 7.4 billion barrels of proven and probable crude oil reserves.
In the past 52 weeks, shares of Suncor Energy Inc. have traded between a low of $9.61 and a high of $23.58 and is now at $23.52, which is 145% above that low price.
Based on a current price of $23.52, Suncor Energy Inc. is currently 7.5% above its average consensus analyst price target of $21.76.
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