
Suncor Energy (SU) Stock Forecast & Price Target
Suncor Energy (SU) Analyst Ratings
Bulls say
Suncor Energy has successfully achieved its $8.0 billion net debt target, allowing for the allocation of nearly 100% of excess funds towards share repurchases, which reflects a robust financial position. The company's strategic approach to shaping its bitumen supply is expected to enhance margins and cost efficiencies, particularly with potential growth in export egress. Furthermore, substantial improvements in safety, operational integrity, and asset reliability over the past two years underscore Suncor's effective turnaround strategy, contributing positively to its overall outlook.
Bears say
Suncor Energy Inc. faces a significant financial risk due to reliance on volatile crude oil prices and fluctuating downstream refining margins, which can adversely affect overall profitability. The company has shown efforts to improve its break-even costs, recently achieving a US$7 reduction in its WTI break-even price, yet these measures may not sufficiently mitigate external market pressures. Given the dependency on market conditions for revenue generation, the outlook presents uncertainty, particularly in maintaining financial stability amidst such challenges.
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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