The Goldman Sachs Group Issues Positive Forecast for Suncor Energy (NYSE:SU) Stock Price

Suncor Energy (NYSE:SU) (TSE:SU) had its target price lifted by The Goldman Sachs Group from $48.00 to $54.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the oil and gas producer’s stock.

Several other analysts have also recently commented on SU. Zacks Research lowered shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Wall Street Zen lowered Suncor Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Raymond James Financial upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 6th. Wells Fargo & Company began coverage on Suncor Energy in a research note on Friday, October 17th. They set an “equal weight” rating on the stock. Finally, JPMorgan Chase & Co. upgraded Suncor Energy from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $46.15 to $54.00 in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.67.

Suncor Energy Price Performance

Shares of SU stock opened at $50.83 on Friday. Suncor Energy has a 52 week low of $30.79 and a 52 week high of $51.32. The stock has a market capitalization of $60.67 billion, a PE ratio of 16.67 and a beta of 0.46. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.85 and a current ratio of 1.35. The stock’s fifty day moving average is $45.24 and its 200-day moving average is $42.08.

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

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.7%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Wednesday, December 3rd. Suncor Energy’s payout ratio is presently 56.39%.

Hedge Funds Weigh In On Suncor Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. increased its stake in shares of 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 acquiring an additional 275 shares during the last quarter. Hanson & Doremus Investment Management grew its holdings in Suncor Energy by 143.5% during the third quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 465 shares during the period. Smartleaf Asset Management LLC grew its holdings in Suncor Energy by 95.8% during the third quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 388 shares during the period. Headlands Technologies LLC bought a new stake in Suncor Energy in the second quarter valued at approximately $31,000. Finally, Maseco LLP acquired a new stake in Suncor Energy in the fourth quarter worth $39,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy News Summary

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

• Positive Sentiment: Goldman Sachs raised its price target on SU from $48 to $54 and set a “buy” rating, signaling analyst conviction in upside versus the current level. Goldman Sachs raises Suncor price target to $54
• Positive Sentiment: JPMorgan upgraded Suncor, another institutional vote that can support buying interest and help buoy the stock. JPMorgan upgrades Suncor
• Neutral Sentiment: Wells Fargo assigned a “hold” on SU, reflecting mixed views among analysts and suggesting divergent near-term expectations. Wells Fargo hold on Suncor
• Neutral Sentiment: Analyst and market commentary on Suncor’s reassessment and valuation may create trading opportunities for long-term investors, but it’s not an immediate catalyst. Reassessment valuation opportunity
• Negative Sentiment: Fatal workplace incident at the Fort Hills oilsands site (machinery sank into muskeg) — the death is under investigation. This raises safety, potential regulatory scrutiny and reputational risk that can pressure the stock until operational impacts are clarified. Worker dies at Suncor oilsands site Fort Hills worker death coverage
• Negative Sentiment: Unusually heavy put option buying (28,315 puts, ~2,998% above average) indicates elevated bearish hedging or speculation that could amplify near-term downside volatility. High put option volume on Suncor
• Negative Sentiment: Zacks downgraded Suncor from “strong-buy” to “hold,” which may temper buying enthusiasm from certain retail and institutional flows. Zacks downgrades Suncor
• Negative Sentiment: Labor/legal note — Suncor was ordered to pay $160,000 to a former shift supervisor, a reminder of ongoing HR/legal exposures. Suncor ordered to pay ex-employee

About Suncor Energy

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.