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

Suncor Energy (NYSE:SU) (TSE:SU) had its price objective upped by The Goldman Sachs Group from $66.00 to $73.00 in a research report released on Wednesday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the oil and gas producer’s stock.

Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada increased their target price on shares of Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. JPMorgan Chase & Co. raised shares of Suncor Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $46.15 to $54.00 in a research note on Tuesday, January 20th. Zacks Research downgraded shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Suncor Energy presently has an average rating of “Moderate Buy” and an average price target of $67.33.

Suncor Energy Price Performance

Shares of Suncor Energy stock opened at $64.94 on Wednesday. The stock has a market cap of $77.27 billion, a price-to-earnings ratio of 18.71 and a beta of 0.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 1.39. The stock has a 50 day moving average price of $57.51 and a 200-day moving average price of $48.15. Suncor Energy has a one year low of $30.79 and a one year high of $67.76.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.79 billion. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.During the same period last year, the company earned $1.25 earnings per share. Equities analysts expect that Suncor Energy will post 3.42 EPS for the current year.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, March 4th. Suncor Energy’s payout ratio is currently 50.72%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its position in Suncor Energy by 85.5% in the 3rd quarter. Fisher Asset Management LLC now owns 15,530,965 shares of the oil and gas producer’s stock valued at $649,350,000 after buying an additional 7,158,953 shares during the period. AQR Capital Management LLC increased its position in shares of Suncor Energy by 7,636.8% during the fourth quarter. AQR Capital Management LLC now owns 6,016,483 shares of the oil and gas producer’s stock worth $267,042,000 after acquiring an additional 5,938,719 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Suncor Energy by 62.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 13,335,239 shares of the oil and gas producer’s stock worth $557,682,000 after acquiring an additional 5,113,280 shares during the period. FIL Ltd raised its stake in shares of Suncor Energy by 14.0% during the fourth quarter. FIL Ltd now owns 21,050,387 shares of the oil and gas producer’s stock valued at $934,312,000 after acquiring an additional 2,592,516 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Suncor Energy by 29.5% in the second quarter. Canada Pension Plan Investment Board now owns 10,555,381 shares of the oil and gas producer’s stock valued at $395,649,000 after purchasing an additional 2,406,000 shares during the period. Hedge funds and other 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 to $73 and maintained a buy stance, signaling ~12% upside vs. recent levels and reinforcing institutional conviction in Suncor’s outlook. Goldman Sachs raises price target
• Positive Sentiment: Suncor announced larger 2026 buybacks and a new plan aimed at lowering its breakeven, a direct shareholder-friendly move that should support EPS and cash-return expectations. Suncor lifts 2026 buybacks
• Positive Sentiment: At Investor Day Suncor rolled out a three‑year plan to boost production and cash flow, including expansion timing for oilsands assets and higher buybacks — concrete execution steps that could improve long‑term returns. Investor Day presentation and 3-year plan
• Positive Sentiment: Zacks upgraded Suncor to a #2 (Buy) and highlighted the stock as a top-ranked momentum candidate, which may attract momentum-focused inflows. Zacks upgraded Suncor
• Neutral Sentiment: Raymond James reaffirmed its buy rating — supportive but not a catalyst on its own unless paired with higher targets or revisions. Raymond James reaffirms buy
• Neutral Sentiment: Recent fundamentals: Q4 EPS slightly beat estimates while revenue was roughly in line; consensus forecasts remain for mid‑single‑digit annual EPS in 2026 — supportive but not transformative. (Company filings / earnings release)
• Negative Sentiment: Despite the positive catalysts above, shares are down today — likely due to profit‑taking after a strong sector run and rotation dynamics. Elevated volume suggests active repositioning rather than a fresh negative development.

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.