The Goldman Sachs Group Increases Suncor Energy (NYSE:SU) Price Target to $73.00
by Tristan Rich · The Markets DailySuncor Energy (NYSE:SU – Get Free Report) (TSE:SU) had its target price raised by analysts at The Goldman Sachs Group from $66.00 to $73.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the oil and gas producer’s stock. The Goldman Sachs Group’s target price points to a potential upside of 13.45% from the company’s current price.
Other equities analysts have also issued reports about the company. Wall Street Zen lowered Suncor Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. JPMorgan Chase & Co. upgraded shares of Suncor Energy from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $46.15 to $54.00 in a report on Tuesday, January 20th. Royal Bank Of Canada upped their price target on shares of Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $67.33.
Suncor Energy Trading Down 2.7%
Suncor Energy stock traded down $1.77 during mid-day trading on Wednesday, hitting $64.34. 4,698,797 shares of the company’s stock were exchanged, compared to its average volume of 5,627,284. The company’s 50 day simple moving average is $57.22 and its 200-day simple moving average is $48.04. The company has a quick ratio of 0.89, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $76.57 billion, a P/E ratio of 18.52 and a beta of 0.43. Suncor Energy has a fifty-two week low of $30.79 and a fifty-two week high of $67.76.
Suncor Energy (NYSE:SU – Get Free Report) (TSE:SU) last posted its earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share (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 during the quarter, compared to analysts’ expectations of $8.79 billion. During the same period in the previous year, the firm earned $1.25 earnings per share. On average, equities analysts anticipate that Suncor Energy will post 3.42 earnings per share for the current year.
Hedge Funds Weigh In On Suncor Energy
Several hedge funds have recently made changes to their positions in SU. Atlantic Edge Private Wealth Management LLC lifted its position in shares of Suncor Energy by 54.9% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 225 shares in the last quarter. Richardson Financial Services Inc. lifted its position in Suncor Energy by 64.1% during the 3rd quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 275 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Suncor Energy during the 2nd quarter worth about $31,000. 1 North Wealth Services LLC acquired a new position in shares of Suncor Energy during the 4th quarter worth about $32,000. Finally, Hanson & Doremus Investment Management grew its holdings in shares of Suncor Energy by 143.5% in the 3rd 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.
Key Suncor Energy News
Here are the key news stories impacting Suncor Energy this week:
- Positive Sentiment: Suncor said it is increasing 2026 buybacks and its new plan explicitly targets a lower breakeven, a direct boost to shareholder returns and margin resilience. Suncor lifts 2026 buybacks as new plan targets lower breakeven
- Positive Sentiment: Investor Day unveiled a three‑year improvement plan (production growth, higher cash flow, contingent‑resources filing) and explicitly boosts shareholder returns—key near‑term catalysts for the stock. Suncor Energy increases shareholder returns, publishes 2026 Investor Day presentation
- Positive Sentiment: Suncor plans a long‑term shift to in‑situ steam‑assisted extraction for most bitumen by 2040, which management says will lower costs and lift cash flow over time — supportive for margins and valuation. Suncor plans major shift in focus to in situ oil sands output by 2040
- Positive Sentiment: Analysts have grown more constructive: Zacks upgraded Suncor to a Rank #2 (Buy), Raymond James reaffirmed its buy rating, and Tudor, Pickering, Holt maintained a buy with a C$90 target — all lending buy‑side momentum. Suncor Energy (SU) Upgraded to Buy: Here’s Why Raymond James Reaffirms Their Buy Rating on Suncor Energy (SU) Suncor Energy Maintained at Buy at TPH Ahead of Its Investor Day
- Neutral Sentiment: Zacks and other outlets have highlighted Suncor as a momentum/style‑score pick, which can attract flows but also increase short‑term volatility as momentum traders rotate. Suncor Energy (SU) is a Top-Ranked Momentum Stock: Should You Buy?
- Neutral Sentiment: Broader energy‑sector strength (record rally and rotation into energy) is lifting Suncor alongside peers; helpful context but not company‑specific. Energy Stocks Set to Beat Broader Market by Biggest Margin Ever
- Negative Sentiment: Longer‑term mines entering their last decade and the shift to in‑situ require capital reallocation and execution risk; investors may discount some near‑term earnings while paying for longer‑term restructuring/capex. Suncor reveals expansion plans as key oilsands mine enters its last decade
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.