
Suncor Energy (SU) Stock Forecast & Price Target
Suncor Energy (SU) Analyst Ratings
Bulls say
The successful achievement of Suncor Energy Inc.'s $8.0 billion net debt target allows for nearly 100% of excess funds flow to be allocated toward share repurchases, an increase from the prior 75%. Furthermore, Suncor's strategic management of its bitumen supply positions the company well for potential margin capture and cost enhancements, particularly if export capacity increases. Notably, significant improvements in safety performance, operational integrity, and asset reliability over the past two years underscore Suncor's operational turnaround, reinforcing a positive outlook for the company.
Bears say
Suncor Energy faces significant risks related to fluctuations in crude oil prices and refining margins, which could adversely impact its financial performance. The company has reported a US$7 reduction in its WTI break-even price, now at US$53, which signifies potential challenges in maintaining profitability given external market conditions. Additionally, the ongoing transition towards low-emissions energy sources may further complicate Suncor's operational dynamics and financial resilience amid an evolving energy landscape.
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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