National Bank raises target for Suncor Energy stock to CAD 146.00

Published on 10/01/2026 at 19:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 47.30 percent to USD 12.70 billion in the second quarter. Suncor Energy stock stood at EUR 61.14 on October 1, 2026 after-hours.

SU, CA8672241079, Illustration mit AI erstellt.

Suncor Energy (CA8672241079) was trading at EUR 61.14 at Lang & Schwarz on October 1, 2026 at 7:40 p.m. CEST during after-hours trading. According to MarketBeat on September 30, 2026, National Bank Financial raised its target from CAD 118.00 to CAD 146.00 and maintained an outperform rating.

Target rises as analysts reassess Suncor

The new target is one of the clearest current signals for Suncor Energy stock, but it does not represent a euro price target. MarketBeat also reported a consensus rating of Moderate Buy and an average target of CAD 100.00 from 13 analysts.

The gap between National Bank Financial's CAD 146.00 target and the CAD 100.00 consensus target shows a wide spread in analyst expectations. Goldman Sachs was cited by MarketBeat as having a hold view, adding a counterweight to the bullish target revision.

Revenue and refining drive second quarter

Yahoo Finance reported that Suncor's adjusted operating earnings reached USD 2.33 per share in the second quarter of 2026, above the USD 2.14 consensus estimate. Operating revenue reached USD 12.70 billion, exceeding the USD 10.30 billion consensus estimate and increasing 47.30 percent from the year-ago quarter.

The operating mix was uneven. Upstream production declined to 760,900 barrels per day from 808,100 barrels per day in the second quarter of 2025, while refining throughput increased to 470,600 barrels per day from 442,300 barrels per day, according to Yahoo Finance.

Production guidance sets the next test

Suncor's 2026 guidance calls for total production of 840,000 to 870,000 barrels per day, with capital expenditures of CAD 5.60 billion to CAD 5.80 billion, Yahoo Finance reported. The guidance also targets refinery throughput of 460,000 to 475,000 barrels per day.

That framework places execution at the center of the investment case: production must recover from planned maintenance while refining remains a major earnings driver. The same report said Suncor generated CAD 5.30 billion in adjusted funds from operations and CAD 4.00 billion in free cash flow in the second quarter of 2026.

After-hours price and market value

Suncor Energy stock stood at EUR 61.14 at Lang & Schwarz on October 1, 2026 at 7:40 p.m. CEST, after the Xetra session. The company's market capitalization was USD 81.3 billion, while its primary-exchange 52-week range was USD 37.77 to USD 72.06 as of October 1, 2026.