Suncor Energy Inc's stock fell by 3.00% and hit a 20-day low amid mixed market conditions, with the Nasdaq-100 up 0.15% and the S&P 500 down 0.29%.
The decline comes despite Suncor's announcement projecting a significant increase in production to 840,000 to 870,000 barrels per day by 2026, exceeding previous goals. The company also raised its share repurchase program to $275 million per month, anticipating a total of C$3.3 billion in 2026, which reflects a strong commitment to returning value to shareholders.
This production surge and increased share repurchases indicate a positive long-term outlook for Suncor, even as the stock experiences short-term volatility. Investors may view these developments as a sign of resilience in the company's operational strategy.
Wall Street analysts forecast SU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SU is 49.83 USD with a low forecast of 41.06 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
Wall Street analysts forecast SU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SU is 49.83 USD with a low forecast of 41.06 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 52.030
Low
41.06
Averages
49.83
High
70.00
Current: 52.030
Low
41.06
Averages
49.83
High
70.00
BofA
Neutral
maintain
$65 -> $72
2026-01-27
New
Reason
BofA
Price Target
$65 -> $72
AI Analysis
2026-01-27
New
maintain
Neutral
Reason
BofA raised the firm's price target on Suncor to C$72 from C$65 and keeps a Neutral rating on the shares. The firm updates its price targets for Integrateds, Refining, and Midstream stocks under its coverage, the analyst tells investors. BofA notes the removal of Maduro in Venezuela and the unrest in Iran have lifted front month crude prices. The firm sees a blend of geopolitical and company specific catalysts ahead.
Morgan Stanley
Equal Weight
downgrade
$63 -> $60
2026-01-23
Reason
Morgan Stanley
Price Target
$63 -> $60
2026-01-23
downgrade
Equal Weight
Reason
Morgan Stanley lowered the firm's price target on Suncor to C$60 from C$63 and keeps an Equal Weight rating on the shares. The firm marked its 2026-27 oil price deck for strip as of January 7 in conjunction with its Q4 preview for the E&Ps, oil majors and Canadian producers. The firm expects "fairly clean" Q4 operational updates but lighter cash flow from price realizations, the analyst tells investors in the preview.
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Goldman Sachs
NULL -> Buy
maintain
$48 -> $54
2026-01-23
Reason
Goldman Sachs
Price Target
$48 -> $54
2026-01-23
maintain
NULL -> Buy
Reason
Goldman Sachs raised the firm's price target on Suncor to $54 from $48 and keeps a Buy rating on the shares. Strong operational performance and early achievement of three-year targets point to potential upside to guidance and growth plans, with management's technology-driven focus improving efficiency, operating leverage, and free funds flow, the analyst tells investors in a research note. Ahead of the March 31 Investor Day, expectations include refreshed operational and financial targets, deeper resource detail, and continued confidence in returning 100% of excess funds to shareholders via buybacks despite oil price concerns, Goldman adds.
JPMorgan
Neutral -> Overweight
upgrade
$64 -> $75
2026-01-20
Reason
JPMorgan
Price Target
$64 -> $75
2026-01-20
upgrade
Neutral -> Overweight
Reason
JPMorgan upgraded Suncor to Overweight from Neutral with a price target of C$75, up from C$64. The firm adjusted ratings in the integrated oils sector as part of its 2026 outlook. The outlook for the group continues to shaped by supply side risks for oil, but a more constructive outlook downstream, the analyst tells investors in a research note. Amid the rise in geopolitical risks, JPMorgan says the U.S. majors screen more attractive than the Canadian integrateds. It cites relative valuations for the rating changes.
About SU
Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
