10:20 AM EDT, 04/06/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
Our view remains Buy. Our target of $73 (up from $61) uses a blend of 7.7x our 2027 EBITDA projection and 18.0x our 2027 EPS. Crude above $100 has greatly benefited predominantly crude producing E&Ps, of which we think SU is best-in-class. Its three-year improvement plan highlighted further reduction in its WTI breakeven price of $5, bringing it to $38/barrel. SU also committed to a 20% increase in buybacks for 2026 as crude pricing remains elevated. This is in addition to shares outstanding being down ~20% over the last five years. Our opinion on crude pricing is that it moves lower either through peaceful negotiations or through global economic demand degradation. While the severity of the latter would force us to reconsider our position on SU, we are comfortable maintaining our Buy view due to its ability to outperform peers no matter the crude price. We lift our 2026 EPS forecast to CAD6.97 from CAD5.24 and lower 2027's to CAD5.39 from CAD5.51.