Suncor Energy (USA) (SU) Releases Earnings Results, Misses Expectations By $-0.08 EPS

Suncor Energy (USA) (SU) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $-0.36 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $-0.28. Analysts expectations of $6459.12 million. During the same quarter in the previous year, the company posted $0.63 EPS.

Suncor Energy (USA) opened for trading at $26.44 and hit $26.75 on the upside on Thursday, eventually ending the session at $26.71, with a gain of 1.67% or 0.44 points. The heightened volatility saw the trading volume jump to 48,35,791 shares. Company has a market cap of $42,257 M.

Suncor Energy Inc. (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin Athabasca oil sands. The Company operates in three business segments: Oil Sands Exploration and Production and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations. 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. The Company’s Refining and Marketing segment is engaged in Refining and Supply and Downstream Marketing. In addition the Company explores for acquires develops produces and markets crude oil and natural gas in Canada and internationally. The Company also transports and refines crude oil and markets petroleum and petrochemical products primarily in Canada.

Suncor Energy  (USA)

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