ATB Cormark raised target for Suncor Energy stock to CAD 110.00

Published on 10/13/2026 at 11:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue in the second quarter reached CAD 17.50 billion and net income CAD 3.73 billion. Suncor Energy stock was EUR 65.48 on October 13, 2026.

ATB Cormark raised its Suncor Energy target from CAD 108.00 to CAD 110.00 on October 6, 2026.
Suncor agreed to sell offshore interests for CAD 1.20 billion upfront and increase monthly buybacks to CAD 750.00 million.
Second-quarter revenue reached CAD 17.50 billion and net income reached CAD 3.73 billion.
Suncor Energy stock was EUR 65.48 at Lang & Schwarz on October 13, 2026.

SU, CA8672241079, Illustration mit AI erstellt.

Suncor Energy (CA8672241079) had its target raised by ATB Cormark from CAD 108.00 to CAD 110.00 in a research report dated October 6, 2026, according to MarketBeat. The move followed Suncor's agreement to sell three East Coast offshore interests and lift monthly share repurchases to CAD 750.00 million.

Three milestones reshape returns

On May 5, 2026, Suncor reported first-quarter revenue of CAD 14.48 billion and net income of CAD 2.10 billion. On August 4, 2026, second-quarter revenue reached CAD 17.50 billion and net income reached CAD 3.73 billion, according to Simply Wall St.

The comparison is material: second-quarter revenue was CAD 3.02 billion higher than in the first quarter, while net income increased by CAD 1.63 billion. The figures place cash generation and downstream performance at the center of the valuation discussion.

The October asset sale

On October 4, 2026, Suncor agreed to sell its 48.00 percent interest in Terra Nova, 40.00 percent interest in White Rose and 38.60 percent interest in West White Rose to Ithaca Energy for CAD 1.20 billion in upfront cash and up to CAD 350.00 million in contingent consideration, as Yahoo Finance reported.

The buyer will assume future obligations tied to the assets, while Suncor retains its interests in Hebron and Hibernia. Suncor also raised its monthly normal-course issuer bid from CAD 500.00 million to CAD 750.00 million beginning in October 2026, linking the portfolio reduction to shareholder returns.

What dates matter next?

Suncor's next earnings report is scheduled for November 3, 2026, according to Gekko. The offshore transaction is expected to close in early 2027, subject to regulatory approvals, partner consents and customary conditions.

EUR 65.48 at Lang & Schwarz

Suncor Energy stock was trading at EUR 65.48 at Lang & Schwarz on October 13, 2026 at 11:14 a.m. CEST. The Xetra close for the preceding trading day was not used as a comparison because a dated Xetra closing value was not substantiated.

The further course of trading is shown by the continuously updated real-time quote of Suncor Energy stock.