13 Best Crude Oil Stocks to Buy According to Analysts

7. Suncor Energy Inc. (NYSE:SU)

On April 9, Wells Fargo lowered its price target on Suncor Energy Inc. (NYSE:SU) to C$96 from C$97 while maintaining an Equal Weight rating. The firm also noted that, as seen in 2022, a mid-cycle correction in oil prices could create an attractive entry point for advantaged energy stocks. That comment is particularly relevant for Suncor, which owns long-life oil sands assets that can become highly profitable in stable pricing environments.

Earlier, on April 5, Morgan Stanley raised its price target on Suncor Energy Inc. (NYSE:SU) to C$92 from C$86 and maintained an Equal Weight rating, citing improved growth and greater visibility following the company’s investor day. Higher visibility often matters significantly for institutional investors, especially in cyclical sectors like energy.

Suncor Energy Inc. (NYSE:SU) is a Calgary-based integrated energy company and Canada’s leading producer of bitumen and synthetic crude from the Athabasca oil sands. Founded in 1917 as Sun Company of Canada, Suncor was a pioneer in the oil sands industry and launched the first commercial oil sands development in 1967. Today, it combines upstream production with refining and retail operations, creating a more balanced earnings model.