TD Securities Raises Suncor Energy (SU) PT to C$63 Following Strong Q2 Performance

Suncor Energy Inc. (NYSE:SU) is one of the most undervalued Canadian stocks to buy now. On August 6, TD Securities raised the price target on Suncor to C$63 from C$62, while keeping a Buy rating on the shares. This announcement followed Suncor’s Q2 2025 earnings report, when the company generated $2.7 billion in adjusted funds from operations and $1.0 billion in free funds flow.

Net earnings for the quarter were $1.134 billion, compared to $1.568 billion in the same period of 2024. The drop came from lower upstream price realizations.

Suncor achieved a record second-quarter upstream production of 808,000 barrels per day (bbls/d) and a record H1 production of 831,000 bbls/d. Total Oil Sands bitumen production also hit a Q2 record of 860,800 bbls/d. E&P output increased to 59,700 bbls/d, which included increased production from the Hebron and White Rose fields. Downstream, the company achieved a record Q2 refinery throughput of 442,000 bbls/d, with a utilization rate of 95%, and a record H1 throughput of 462,000 bbls/d. Refinery product sales also set a second-quarter record at 600,500 bbls/d.

Suncor Energy Inc. (NYSE:SU) is an integrated energy company in Canada, the US, and internationally. It operates through Oil Sands, Exploration & Production, and Refining & Marketing segments.

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Disclosure: None. This article is originally published at Insider Monkey.