NEW YORK ( TheStreet) -- Suncor Energy (NYSE: SU) hit a new 52-week high Wednesday as it traded at $43.40 compared with its previous 52-Week high of $43.39. Suncor Energy is changing hands at $43.40 with 1.9 million shares traded as of 10:21 a.m. ET. Average volume has been 6.2 million shares over the past 30 days. Suncor Energy has a market cap of $65.8 billion and is part of the basic materials sector and energy industry. Shares are up 10.6% year to date as of the close of trading on Tuesday. Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. Its Oil Sands division produces bitumen recovered from oil sands through mining and in-situ technology, and upgrades it into refinery feedstock, diesel fuel, and by-products. The company has a P/E ratio of 37.2, above the average energy industry P/E ratio of 24.6 and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Suncor Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and poor profit margins. You can view the full Suncor Energy Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.