Suncor Energy Inc (Canada)

SU · TORONTO

$78.44+$0.05 (+0.06%)TodayMarket closed · Oct 20, 7:47 PM ET

Prev close $78.39

SU analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 24 analysts

Average $75.84 (−3.3% downside)

Low: $61.75
Now: $78.44
High: $107.18

Upgrades and downgrades

The latest rating actions, newest first

SU analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Goldman Sachs	Apr 1, 2026	Maintains	Buy	$66.00 → $73.00	62%
RBC Capital	Apr 1, 2026	Maintains	Outperform	$75.00 → $89.00	80%
Goldman Sachs	Mar 12, 2026	Maintains	Buy	$55.00 → $62.00	62%
RBC Capital	Feb 5, 2026	Maintains	Outperform	$69.00 → $75.00	80%
Goldman Sachs	Jan 23, 2026	Maintains	Buy	$48.00 → $54.00	62%
Goldman Sachs	Jan 2, 2026	Maintains	Buy	$46.00 → $48.00	62%

The case for and against

Updated Mar 20, 2026

Bull case

Suncor Energy Inc. has achieved a significant milestone by meeting its $8.0 billion net debt target, allowing the company to allocate nearly 100% of its excess cash flow toward share repurchases, an increase from the previous 75%. The company anticipates enhanced financial flexibility as its bitumen supply strategy is structured to improve margin capture and cost efficiencies, particularly with expected growth in export egress. Furthermore, Suncor has successfully improved its safety record and operational reliability over the past two years, indicating a strong turnaround that supports a positive outlook for the company's future performance.

Bear case

Suncor Energy faces significant risks due to potential volatility in crude oil prices and downstream refining margins, which could adversely affect its financial performance. Despite implementing intensified capital discipline that has successfully reduced its WTI break-even point by US$7, this adjustment may not sufficiently mitigate the impacts of market fluctuations on profitability. Additionally, the company's reliance on Canadian revenues further raises concerns about exposure to regional market dynamics, contributing to an overall negative outlook on its stock.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.