
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, enabling the company to allocate nearly 100% of excess funds to share repurchases, an increase from the previous allocation of 75%. This financial milestone indicates strong operational performance and effective debt management, reflecting Suncor's commitment to enhancing shareholder value. Additionally, significant improvements in safety, operational integrity, and asset reliability suggest that the company is well-positioned for margin capture and cost enhancement, particularly with the potential for increased export egress.
Bears say
Suncor Energy faces significant risks stemming from unexpected fluctuations in crude oil prices and downstream refining margins, which are critical to its financial health and outlook. The company's recent efforts have resulted in a US$7 reduction in its WTI break-even cost, lowering it to US$53, but these changes may not sufficiently mitigate the inherent volatility in oil prices. Furthermore, the emphasis on capital discipline suggests that while the company is trying to optimize its cost structure, it may struggle to maintain competitive margins if market conditions deteriorate.
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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