Are Energy Stocks Still Somehow Cheap? ...Middle East

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Are Energy Stocks Still Somehow Cheap?
source : OILPRICE ( Middle East ) () 35
Energy stocks are outperforming the stock market—by a mile—this year. Record profits at oil and gas firms amid soaring commodity prices have made the energy sector attractive to investors. Yet, the record earnings in energy and commodity stocks are disguising a weaker S&P 500 market, where profit growth has markedly slowed down this year—it has even flattened if energy stocks are excluded.    Analysts say that energy stocks are much cheaper than other sectors based on forward-year price-to-earnings (P/E) ratios.…

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