Suncor Energy (NYSE:SU) Price Target Raised to $89.00 at Royal Bank Of Canada

Suncor Energy (NYSE:SU) (TSE:SU) had its price target raised by Royal Bank Of Canada from $75.00 to $89.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an outperform rating on the oil and gas producer’s stock.

A number of other equities analysts have also recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Suncor Energy from $66.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Research lowered Suncor Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. upgraded Suncor Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $46.15 to $54.00 in a research report on Tuesday, January 20th. ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Wednesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Suncor Energy in a report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Suncor Energy Stock Down 1.8%

Shares of NYSE SU opened at $64.94 on Wednesday. Suncor Energy has a 1 year low of $30.79 and a 1 year high of $67.76. The firm has a 50-day simple moving average of $57.51 and a two-hundred day simple moving average of $48.15. The company has a market cap of $77.27 billion, a P/E ratio of 18.71 and a beta of 0.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 0.89.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.The firm had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.79 billion. During the same quarter in the prior year, the firm posted $1.25 earnings per share. Research analysts anticipate that Suncor Energy will post 3.42 earnings per share for the current year.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $2.40 annualized dividend and a yield of 3.7%. Suncor Energy’s dividend payout ratio is 50.72%.

Institutional Investors Weigh In On Suncor Energy

A number of institutional investors and hedge funds have recently bought and sold shares of SU. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Suncor Energy by 54.9% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 225 shares during the period. Richardson Financial Services Inc. increased its stake in shares of Suncor Energy by 64.1% during the third quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock valued at $29,000 after buying an additional 275 shares during the period. Headlands Technologies LLC purchased a new position in shares of Suncor Energy during the second quarter valued at $31,000. 1 North Wealth Services LLC bought a new stake in shares of Suncor Energy in the fourth quarter valued at about $32,000. Finally, 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 acquiring an additional 465 shares in the last quarter. 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: Suncor raised shareholder returns and published a 2026 Investor Day plan that boosts buybacks and outlines a three‑year program to lift production and cash flow — supportive for yields and EPS. Investor Day presentation
• Positive Sentiment: Goldman Sachs raised its price target to $73 and holds a buy rating, implying upside from current levels and adding institutional support. Benzinga note on GS target
• Positive Sentiment: Multiple sell‑side upgrades and momentum signals (Zacks Rank #2, Raymond James reaffirmation) highlight improving earnings expectations and investor sentiment. Zacks upgrade
• Positive Sentiment: Strategic shift toward in‑situ steam‑assisted extraction by 2040 is intended to lower long‑run operating costs and improve cash generation — a structural positive for margins. Reuters: in-situ shift
• Neutral Sentiment: A valuation reassessment notes that strong 1‑year total returns have already been priced in, raising questions about upside from current levels — useful context but not an immediate catalyst. Yahoo Finance valuation piece
• Neutral Sentiment: Broader energy sector strength has driven momentum across peers; Suncor benefits from sector flows but is exposed to commodity price and geopolitical volatility. Bloomberg via Yahoo
• Negative Sentiment: Unusually large put option buying — ~28,315 puts (~2,998% above typical volume) — signals significant bearish bets or hedging activity, which can pressure the stock short‑term as market makers hedge and sentiment shifts. DefenseWorld: put activity

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.