On December 12, 2025, TD Securities maintained its "Buy" rating for Suncor Energy Inc. (NYSE:SU), a leading Canadian integrated energy company. At the time, the stock was trading at $44.30. TD Securities also raised Suncor's price target to C$73 from C$71, reflecting confidence in the company's future performance.
Suncor has unveiled its 2026 corporate guidance, focusing on growth and superior returns. The company plans to increase upstream production and maintain strong refining utilization. This aligns with TD Securities' positive outlook, as Suncor's strategic initiatives aim to enhance shareholder returns through disciplined investments.
Suncor is committed to a capital expenditure of 5.7 billion Canadian dollars in 2026, focusing on sustaining capital and select high-value projects. This investment strategy supports the raised price target by TD Securities, as it indicates a focus on long-term growth and value creation. The company also plans to increase its monthly share buybacks by 10%, aiming to return 3.3 billion Canadian dollars to shareholders in 2026.
The stock for SU is currently priced at $44.22, reflecting a slight decrease of 0.21% or $0.095. Despite this minor fluctuation, Suncor's market capitalization stands at approximately $53.1 billion, indicating strong investor confidence. The company's focus on increasing oil and gas production while reducing spending further supports the "Buy" rating from TD Securities.
Suncor's 2026 guidance builds on two years of record-breaking performance, positioning the company for another robust year. The company's strategic focus on best-in-class execution and operational excellence, as highlighted by CEO Rich Kruger, aligns with TD Securities' positive outlook and the increased price target.
