Royal Bank Of Canada Boosts Suncor Energy (NYSE:SU) Price Target to $75.00

Suncor Energy (NYSE:SU) (TSE:SU) had its price objective increased by investment analysts at Royal Bank Of Canada from $69.00 to $75.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the oil and gas producer’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 41.48% from the stock’s previous close.

Several other equities research analysts have also weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Suncor Energy in a report on Monday, December 29th. The Goldman Sachs Group raised their price objective on Suncor Energy from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Raymond James Financial raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. raised Suncor Energy from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $46.15 to $54.00 in a research report on Tuesday, January 20th. Finally, Wall Street Zen cut Suncor Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Two investment 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

Suncor Energy Price Performance

Shares of NYSE SU traded down $0.13 during trading on Thursday, reaching $53.01. The company had a trading volume of 2,068,581 shares, compared to its average volume of 5,364,998. Suncor Energy has a 52 week low of $30.79 and a 52 week high of $55.30. The business’s 50 day moving average price is $46.54 and its 200-day moving average price is $42.85. The stock has a market cap of $63.27 billion, a PE ratio of 15.28 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.

Suncor Energy (NYSE:SU) (TSE:SU) last released 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 net margin of 11.99% and a return on equity of 12.53%. The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.79 billion. During the same period in the prior year, the company posted $1.25 EPS. Analysts expect that Suncor Energy will post 3.42 earnings per share for the current year.

Hedge Funds Weigh In On Suncor Energy

Institutional investors have recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC raised its position in Suncor Energy by 54.9% during 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 acquiring an additional 225 shares in the last quarter. Richardson Financial Services Inc. raised its holdings 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 purchasing an additional 275 shares during the period. Hanson & Doremus Investment Management lifted its stake 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 purchasing an additional 465 shares during the last quarter. 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 worth $33,000 after purchasing an additional 388 shares during the period. Finally, Headlands Technologies LLC bought a new position in Suncor Energy during the second quarter worth about $31,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Suncor Energy

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

• Positive Sentiment: Q4 beat on EPS and strong operations — Suncor reported $0.79 EPS vs. a $0.77 consensus and highlighted higher production and refining results that offset weaker prices; this beat and operational strength support the stock. Suncor beats fourth-quarter estimates
• Positive Sentiment: Dividend declared — the board approved a quarterly dividend of $0.60/share (annualized yield ~4.5%), payable March 25 to holders of record March 4, which supports income investors and the stock’s valuation. Suncor Energy declares dividend
• Positive Sentiment: Record Q4 output — Suncor delivered record upstream production in the quarter despite adverse weather, improving the company’s near‑term cash generation prospects. Suncor delivers record Q4 output
• Neutral Sentiment: Longer‑term supply planning — Suncor says it will outline spring plans for long‑term bitumen supply; outcome and timing of any changes are uncertain but could influence medium‑term production profiles. Suncor to lay out plans for long-term bitumen supply
• Neutral Sentiment: Lower WTI breakeven commentary — analyst pieces noted Suncor’s improved breakeven and 2026 outlook; this can be constructive but depends on realized commodity prices. Does Suncor’s Lower WTI Breakeven…
• Negative Sentiment: Surge in put buying — unusually large options activity: ~28,315 put contracts were purchased (a ~2,998% increase vs. typical daily put volume), signaling heavy bearish bets or hedging demand; that flow likely amplified selling and pressured the share price today. Investors Purchase High Volume of Suncor Energy Put Options

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.