Don't Overlook These 3 Energy Stocks With Stellar EPS Growth

Core Viewpoint - The article highlights three energy stocks—TechnipFMC plc (FTI), Murphy USA (MUSA), and Sunoco LP (SUN)—that have shown substantial EPS growth and may present investment opportunities in the current market environment. Group 1: TechnipFMC plc (FTI) - TechnipFMC is a UK-based company formed from the merger of Technip and FMC Technologies in January 2017, providing products, services, and technology solutions for the energy industry [2] - The stock is currently trading around $26 per share with a forward earnings multiple of 15.15X, which is below its historical median of 18.48X, indicating potential for upside [3] - Despite a 51.7% decline over the past decade, FTI has increased by 29% in the last 12 months, aligning with the S&P 500 Index, and is expected to see earnings nearly triple in 2024, reaching $1.90 per share, representing a 217% increase from the 2019 adjusted EPS of $0.60 [4] Group 2: Murphy USA (MUSA) - Murphy USA is a leading independent retailer of motor fuel and convenience merchandise in the U.S., currently holding a Zacks Rank of 3 (Hold) [5] - The stock trades at just under $492 per share with a forward earnings multiple of 18.66X, which is 23% below its decade high of 24.35X [5] - Over the last decade, MUSA has surged 818%, significantly outperforming the S&P 500's 195% increase, although it has seen a 3.6% decline in the last month [7] - Earnings are forecasted to decline by 5.1% in 2024 to $24.20 per share, but this still represents a 360% increase from the 2019 adjusted EPS of $5.26 [7] Group 3: Sunoco LP (SUN) - Sunoco LP operates in the transportation and supply phase of the U.S. petroleum market, focusing on motor fuel distribution [8] - The stock has a Zacks Rank of 3, with earnings estimates for 2024 increasing by 27% over the last 60 days, currently trading at $53.51 per share with a forward earnings multiple of 7.53X [9] - Although Sunoco's stock has lost 1.8% over the last decade, it has gained 44.6% in the last three years, outperforming the S&P 500's 27.4% rise [9] - Projected earnings for 2024 are expected to jump by 154.2%, with this year's anticipated earnings of $9.29 per share reflecting a 229% increase over the last five years from a 2019 EPS of $2.82 [10]