Suncor Energy (NYSE:SU) Price Target Raised to $54.00

Suncor Energy (NYSE:SU) (TSE:SU) had its price target increased 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.

SU has been the topic of a number of other reports. 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 report on Tuesday, January 20th. Raymond James Financial raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Suncor Energy in a research note on Friday, October 3rd. Wells Fargo & Company initiated coverage on shares of Suncor Energy in a report on Friday, October 17th. They issued an “equal weight” rating for the company. Finally, Zacks Research lowered shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and a consensus price target of $57.67.

Suncor Energy Stock Up 1.9%

SU stock opened at $50.83 on Friday. The firm has a market cap of $60.67 billion, a PE ratio of 16.67 and a beta of 0.46. Suncor Energy has a 12 month low of $30.79 and a 12 month high of $51.32. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.35 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $45.24 and a 200 day simple moving average of $42.13.

Suncor Energy (NYSE:SU) (TSE:SU) last posted 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. The firm had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.82 billion. Suncor Energy had a net margin of 10.61% and a return on equity of 13.01%. During the same quarter in the previous year, the business posted $1.48 earnings per share. Equities research analysts forecast that Suncor Energy will post 3.42 earnings per share 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 given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This is a boost 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%. Suncor Energy’s payout ratio is presently 56.39%.

Institutional Investors Weigh In On Suncor Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Suncor Energy by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 54,631,516 shares of the oil and gas producer’s stock valued at $2,046,442,000 after acquiring an additional 1,632,247 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in Suncor Energy by 0.4% during the third quarter. Artisan Partners Limited Partnership now owns 33,868,775 shares of the oil and gas producer’s stock valued at $1,417,029,000 after purchasing an additional 145,800 shares during the last quarter. Dodge & Cox grew its stake in Suncor Energy by 0.3% in the third quarter. Dodge & Cox now owns 27,471,954 shares of the oil and gas producer’s stock valued at $1,148,602,000 after purchasing an additional 70,300 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Suncor Energy by 3.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,911,602 shares of the oil and gas producer’s stock worth $779,788,000 after purchasing an additional 641,354 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Suncor Energy by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 18,854,921 shares of the oil and gas producer’s stock worth $789,213,000 after purchasing an additional 106,765 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy News Roundup

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

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.