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

Key Points

• The Goldman Sachs Group raised its Suncor target from $66 to $73 and maintains a "buy" rating, implying about a 13.45% upside from the current price.
• Suncor unveiled a three‑year improvement plan and is increasing 2026 buybacks while shifting long‑term production toward in‑situ extraction to lower breakeven and boost shareholder returns, though the transition carries capital and execution risk.
• The stock traded near $64.34 after Suncor beat quarterly EPS expectations ($0.79 vs. $0.77); analysts show a consensus "Moderate Buy" with an average target of $67.33 and the company has a P/E of ~18.5 and market cap of ~$76.6B.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU had its target price boosted by stock analysts at The Goldman Sachs Group from $66.00 to $73.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the oil and gas producer's stock. The Goldman Sachs Group's price target indicates a potential upside of 13.45% from the company's current price.

A number of other equities research analysts also recently weighed in on SU. Zacks Research downgraded Suncor Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 20th. Weiss Ratings reiterated a "buy (b)" rating on shares of Suncor Energy in a research report on Monday, December 29th. Royal Bank Of Canada boosted their price objective on Suncor Energy from $69.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. Wall Street Zen downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Sunday, December 28th. Finally, JPMorgan Chase & Co. upgraded 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 report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $67.33.

Suncor Energy Price Performance

Shares of Suncor Energy stock traded down $1.77 during midday trading on Wednesday, reaching $64.34. The company had a trading volume of 4,698,797 shares, compared to its average volume of 5,627,284. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $76.57 billion, a price-to-earnings ratio of 18.52 and a beta of 0.43. The stock has a fifty day simple moving average of $57.22 and a 200 day simple moving average of $48.04. Suncor Energy has a 1-year low of $30.79 and a 1-year high of $67.76.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $8.77 billion for 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 quarter in the prior year, the business earned $1.25 EPS. As a group, equities research analysts forecast that Suncor Energy will post 3.42 earnings per share for the current year.

Institutional Investors Weigh In On Suncor Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in shares of Suncor Energy by 14.2% during the 1st quarter. AQR Capital Management LLC now owns 25,015 shares of the oil and gas producer's stock worth $959,000 after buying an additional 3,115 shares during the period. Geneos Wealth Management Inc. boosted its stake in Suncor Energy by 172.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,981 shares of the oil and gas producer's stock worth $77,000 after acquiring an additional 1,254 shares during the last quarter. Choreo LLC boosted its stake in Suncor Energy by 19.4% during the 2nd quarter. Choreo LLC now owns 7,406 shares of the oil and gas producer's stock worth $277,000 after acquiring an additional 1,201 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Suncor Energy by 15.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 25,582 shares of the oil and gas producer's stock valued at $958,000 after purchasing an additional 3,518 shares during the period. Finally, Lido Advisors LLC increased its stake in Suncor Energy by 6.8% in the second quarter. Lido Advisors LLC now owns 7,334 shares of the oil and gas producer's stock valued at $275,000 after purchasing an additional 465 shares in the last quarter. Institutional investors own 67.37% of the company's stock.

Key Headlines Impacting Suncor Energy

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.

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