
Suncor Energy (SU) Stock Forecast & Price Target
Suncor Energy (SU) Analyst Ratings
Bulls say
Suncor Energy Inc. has reached its $8.0 billion net debt target, allowing the company to allocate nearly 100% of excess funds toward share repurchases, a significant increase from the previous 75%. The company is well-positioned to enhance margin capture and cost improvements through strategic management of its bitumen supply, especially if export opportunities expand. Furthermore, Suncor has successfully executed a turnaround that includes marked improvements in safety, operational integrity, and asset reliability, which bolster its long-term operational efficiency and market competitiveness.
Bears say
Suncor Energy faces significant risks linked to unpredictable fluctuations in crude oil prices and downstream refining margins, which could adversely influence its financial stability and profitability. The company recently achieved a reduction in its WTI break-even price, lowering it from US$53, but this improvement may not sufficiently mitigate the broader volatility in the energy market. Furthermore, the reliance on revenue primarily generated from Canadian operations introduces additional geopolitical and economic vulnerabilities, heightening concerns regarding its overall financial outlook.
This aggregate rating is based on analysts' research of Suncor Energy and is not a guaranteed prediction by Public.com or investment advice.
Suncor Energy (SU) Analyst Forecast & Price Prediction
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