TSX:SUOil and Gas
Suncor Energy (TSX:SU) Margin Decline Reinforces Concerns Over Growth and Earnings Outlook
Suncor Energy (TSX:SU) posted an average annual earnings growth of 32.9% over the past five years. However, the most recent period reflected negative earnings growth, and revenue is forecast to decline by 0.3% per year over the next three years. Despite a current net profit margin of 11.4%, which is down from last year’s 14.9%, the market is watching closely. Suncor’s shares are trading at CA$58.17, below a fair value estimate of CA$134.50, and the Price-to-Earnings ratio is 12.5x, which is...