
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, which will allow the company to allocate nearly 100% of excess funds towards share repurchases, an increase from the previous 75%. The company is strategically positioning its bitumen supply to capture margins and enhance cost efficiencies, particularly as export egress potentially improves. Additionally, Suncor's recent turnaround is underscored by significant advancements in safety, operational integrity, asset reliability, and process safety over the past two years.
Bears say
The analysis of Suncor Energy reveals a negative outlook primarily due to significant risks associated with fluctuations in crude oil prices and downstream refining margins, which pose challenges to the company's financial stability. Additionally, despite improvements in capital discipline leading to a reduction in WTI break-even costs, the reliance on volatile commodity prices remains a fundamental concern. Given these factors, the financial performance may be adversely impacted, leading to uncertainty in revenue generation and profitability.
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
Start investing in Suncor Energy (SU)
Order type
Buy in
Order amount
Est. shares
0 shares