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

Suncor Energy (NYSE:SU) (TSE:SU) had its price target upped by equities research analysts at The Goldman Sachs Group from $48.00 to $54.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the oil and gas producer’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 5.83% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Weiss Ratings restated a “buy (b)” rating on shares of Suncor Energy in a research note on Monday, December 29th. JPMorgan Chase & Co. upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $46.15 to $54.00 in a research note on Tuesday. Wells Fargo & Company initiated coverage on shares of Suncor Energy in a research report on Friday, October 17th. They set an “equal weight” rating on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $65.00 price objective on shares of Suncor Energy in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and an average target price of $57.67.

Suncor Energy Stock Up 2.3%

Suncor Energy stock traded up $1.15 during mid-day trading on Friday, reaching $51.02. 1,214,868 shares of the company’s stock were exchanged, 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. Suncor Energy has a twelve month low of $30.79 and a twelve month high of $51.32. The company has a market cap of $60.90 billion, a P/E ratio of 16.73 and a beta of 0.46. The company has a fifty day moving average of $45.11 and a 200-day moving average of $41.99.

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

Hedge Funds Weigh In On Suncor Energy

Institutional investors have recently made changes to their positions in the stock. Burney Co. raised its position in shares of Suncor Energy by 1.3% in the 4th quarter. Burney Co. now owns 20,208 shares of the oil and gas producer’s stock worth $896,000 after buying an additional 261 shares during the period. Richardson Financial Services Inc. increased its position in Suncor Energy by 71.9% during the 4th quarter. Richardson Financial Services Inc. now owns 1,210 shares of the oil and gas producer’s stock worth $54,000 after purchasing an additional 506 shares in the last quarter. Maseco LLP purchased a new position in Suncor Energy in the fourth quarter valued at approximately $39,000. Financial Consulate Inc. purchased a new position in Suncor Energy in the fourth quarter valued at approximately $45,000. Finally, Sowell Financial Services LLC raised its stake in shares of Suncor Energy by 13.9% in the 4th quarter. Sowell Financial Services LLC now owns 7,092 shares of the oil and gas producer’s stock valued at $315,000 after acquiring an additional 863 shares during the period. 67.37% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting 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.