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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Murphy Oil Stock Joins Rank Of Stocks With 95-Plus Composite Rating

Murphy Oil saw its IBD SmartSelect Composite Rating rise to 98 Tuesday, up from 94 the day before.

The new score means the company is now outperforming 98% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market's biggest winners often have a 95 or higher grade in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.

Murphy Oil is currently forming a cup with handle, with a 41.60 buy point. See if the stock can break out in heavy trade at least 40% above average.

See How IBD Helps You Make More Money In Stocks

 

One weak spot is the company's 79 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.

Its Accumulation/Distribution Rating of D- shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.

Earnings Report

In Q2, the company reported 227% EPS growth. Revenue growth rose 100%, up from 46% in the prior report. That marks one quarter of rising revenue increases.

Murphy Oil holds the No. 5 rank among its peers in the Oil & Gas-International Exploration & Production industry group. ConocoPhillips is the top-ranked stock within the group.

​Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

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