Suncor Energy (NYSE:SU) Hits New 1-Year High Following Analyst Upgrade

Suncor Energy Inc. (NYSE:SU) (TSE:SU)’s stock price reached a new 52-week high on Friday after The Goldman Sachs Group raised their price target on the stock from $48.00 to $54.00. The Goldman Sachs Group currently has a buy rating on the stock. Suncor Energy traded as high as $51.22 and last traded at $51.07, with a volume of 213642 shares traded. The stock had previously closed at $49.87.

Several other research analysts have also weighed in on the stock. Wall Street Zen lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a research note on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Suncor Energy in a research note on Friday, October 3rd. Zacks Research downgraded Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. raised Suncor Energy from a “neutral” rating to an “overweight” rating and upped their target price for the company from $46.15 to $54.00 in a report on Tuesday, January 20th. Two research 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. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and an average target price of $57.67.

Key Headlines Impacting Suncor Energy

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

Institutional Trading of Suncor Energy

Large investors have recently made changes to their positions in the stock. Richardson Financial Services Inc. raised its position in shares of Suncor Energy by 64.1% in 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 last quarter. Headlands Technologies LLC purchased a new stake in Suncor Energy in the 2nd quarter worth approximately $31,000. Hanson & Doremus Investment Management raised its holdings in 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 during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Suncor Energy by 95.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 388 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Suncor Energy during the second quarter worth $37,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Performance

The firm has a market cap of $60.67 billion, a PE ratio of 16.67 and a beta of 0.46. The stock has a 50-day moving average price of $45.24 and a 200 day moving average price of $42.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.35 and a quick ratio of 0.85.

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 analysts’ consensus estimates of $0.85 by $0.22. Suncor Energy had a return on equity of 13.01% and a net margin of 10.61%.The firm had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the company earned $1.48 EPS. Research analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

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

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.