Suncor Energy (NYSE:SU) Price Target Raised to $54.00 at The Goldman Sachs Group

Suncor Energy (NYSE:SU) (TSE:SU) had its price target raised by equities researchers at The Goldman Sachs Group from $48.00 to $54.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. The Goldman Sachs Group’s price target points to a potential upside of 5.83% from the company’s previous close.

SU has been the subject of a number of other reports. Wall Street Zen downgraded Suncor Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. Zacks Research lowered Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company initiated coverage on Suncor Energy in a research note on Friday, October 17th. They set an “equal weight” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. Finally, Raymond James Financial raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.67.

Suncor Energy Stock Up 2.3%

Shares of Suncor Energy stock traded up $1.15 on Friday, hitting $51.02. 1,214,868 shares of the company’s stock traded hands, compared to its average volume of 5,256,827. The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average is $45.11 and its 200 day moving average is $41.99. The stock has a market cap of $60.90 billion, a P/E ratio of 16.73 and a beta of 0.46. Suncor Energy has a 52-week low of $30.79 and a 52-week high of $51.32.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.22. The firm had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.82 billion. Suncor Energy had a net margin of 10.61% and a return on equity of 13.01%. During the same period in the prior year, the firm posted $1.48 EPS. Equities analysts anticipate that Suncor Energy will post 3.42 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SU. Richardson Financial Services Inc. raised its position in Suncor Energy by 64.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 275 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Suncor Energy in the second quarter valued at $31,000. Hanson & Doremus Investment Management raised its holdings in shares of Suncor Energy by 143.5% in the third quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 465 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Suncor Energy by 95.8% in the third quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 388 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in Suncor Energy during the 2nd quarter worth about $37,000. 67.37% of the stock is owned by institutional investors.

Trending Headlines about Suncor Energy

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: JPMorgan upgraded Suncor, signaling improved analyst sentiment that can support the stock. This upgrade helps explain part of the upside as fund managers and retail investors react to the call. Suncor Energy (NYSE:SU) Stock Rating Upgraded by JPMorgan Chase & Co.
• Neutral Sentiment: Wells Fargo/other brokers have issued mixed or conservative views (e.g., a “hold”), reflecting a cautious analyst backdrop despite some upgrades; this produces two-way trading rather than a one-sided move. Suncor Energy (SU) Gets a Hold from Wells Fargo
• Neutral Sentiment: Some market commentary is framing recent weakness as a potential valuation opportunity after reassessments — useful for longer-term investors but less immediately market-moving than analyst actions or safety incidents. Has The Reassessment Of Suncor Energy (TSX:SU) Created A Valuation Opportunity?
• Negative Sentiment: Fatal workplace accident at the Fort Hills oilsands site (machinery sank into muskeg) — the company is under investigation. A worker death raises operational, safety oversight and reputational risks that can pressure the stock and may invite regulatory scrutiny. Multiple reports cover the incident. Worker dies at Suncor’s Fort Hills oilsands mine after machinery sinks into muskeg Worker dies at Suncor oilsands site after machinery sinks into muskeg
• Negative Sentiment: Surge in put-option buying — investors purchased an unusually large volume of Suncor puts (28,315 on a recent session), indicating elevated short-term bearish sentiment or hedging activity; such flow can amplify downside moves or volatility. Investors Buy High Volume of Suncor Energy Put Options (NYSE:SU)
• Negative Sentiment: Zacks downgraded Suncor from “strong-buy” to “hold,” reducing a segment of buy-side support and potentially limiting near-term upside until catalysts return. Zacks.com
• Negative Sentiment: Ruling ordering Suncor to pay $160,000 to a former supervisor after dismissal highlights ongoing legal/HR risk and potential headline sensitivity. ‘Tunnel vision’: Suncor ordered to pay $160,000 to ex-shift supervisor following dismissal

Suncor Energy Company Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.