Stock Price & Analysis

Based on the recent data and market analysis, Suncor Energy (SU) shows positive momentum with strong technical and fundamental indicators. The stock has demonstrated resilient performance with Q4 2024 earnings beating estimates at $0.89 per share, and record-setting operational performance across upstream production and refining throughput.

Technical Analysis:

• Current price at $39.80 with pre-market up +0.79%
• RSI-14 at 53.70 indicates neutral momentum with room for upside
• MACD showing positive trend with 0.45 value and bullish crossover
• Trading above all major moving averages (5,10,20,60-day SMAs)
• Fibonacci levels suggest immediate resistance at $40.54 and support at $38.53

Fundamental Strengths:

• Strong Q4 2024 performance with 8.54% earnings surprise
• Record-breaking operational metrics across multiple segments
• Consistent dividend payer with solid cash flow generation
• Top holding in Elliott Investment Management's portfolio

The technical setup and fundamental backdrop suggest a BUY recommendation at current levels. The stock has shown strong momentum since early 2024, with potential upside target of $41.16 (Fibonacci R2 level). Set stop-loss around $37.91 (Fibonacci S2).

Based on the available data and recent market developments, here's a price prediction for Suncor Energy (SU) stock in 2025:

Suncor Energy's stock is expected to reach $42.16 by end of 2025, representing a potential upside of approximately 5.9% from current price of $39.80. This projection is supported by several key factors:

Fundamental Drivers:

• Strong Q4 2024 performance with earnings beating estimates by 8.54%
• Record-setting performance across upstream production, refining throughput, and refined product sales
• Improved operational efficiency with near best-ever annual safety performance levels

Technical Analysis:

• Current price of $39.80 is trading above all major moving averages (SMA 5: $39.79, SMA 10: $39.75, SMA 20: $39.05)
• RSI-14 at 53.70 indicates neutral momentum with room for upside
• MACD showing positive trend with MACD (0.45) above signal line (0.42)
• Strong support at Fibonacci S1 level of $38.53

Key Price Targets:

• Resistance levels: R1 $40.54, R2 $41.16, R3 $42.16
• Support levels: S1 $38.53, S2 $37.91, S3 $36.91

The stock is likely to maintain its upward trajectory based on:

1. Strong operational performance and cost management
2. Positive earnings momentum as shown in recent quarters
3. Technical indicators suggesting continued upward movement

The S1 support level for SU Stock is $38.51 ,The R1 resistant level for SU Stock is $40.52.

As of the end of day on 2025-02-26, the price of SU Stock was $39.19.

The target price for SU Stock according to analyst rating is 44.82, with the highest price target at 49.85 and the lowest at 40.73. Analysts have a Moderate Buy rating on SU Stock overall.

The market cap of SU is $47.9B.

Based on the provided data and recent market developments, here's a concise analysis of Suncor's (SU) valuation:

Suncor appears fairly valued at current levels considering its strong operational performance and market position. The company's P/E ratio of 6.7x for FY2023 is relatively low, suggesting attractive valuation metrics. Recent Q4 2024 results showed record production of 875M BOE/d, beating expectations with EPS of $0.89 versus estimated $0.82. The company's EV/EBITDA ratio increased to 4.21x in 2023, reflecting improved operational efficiency.

The stock's technical indicators show neutral momentum with RSI at 53.70, while trading above both its 60-day and 200-day moving averages, suggesting sustained upward momentum. Recent analyst actions include Raymond James raising the price target to C$58, indicating potential upside from current levels.

The company's strong Q4 performance and CEO Rich Kruger's positive outlook for 2025, combined with record-setting operational metrics across multiple segments, support the current valuation levels.

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.

Based on technical analysis and market trends, Suncor Energy (SU) stock is projected to reach $65-70 by 2030, driven by its strong operational efficiency improvements and strategic position in oil sands production. The company's consistent dividend growth and robust free cash flow generation, coupled with its integrated business model, supports this bullish outlook. Recent portfolio optimization and increased focus on shareholder returns through buybacks and dividends make this price target achievable, especially considering the long-term energy demand outlook.

SU has a total of 14906 employees.