On Monday, oil giant Shell's stock got an upgrade for its IBD Composite Rating from 93 to 96. The new score indicates that Shell stock is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
The best stocks to buy and watch tend to have a 95 or better grade as they launch a significant move.
Shell stock dropped to 44.90 in mid July before rising. It closed at 54.71 Monday, up 22% since then, though it slipped nearly 2% for the day. The oil and gas exploration and refining company's stock is currently forming a consolidation, with a 61.77 buy point. See if the stock can break out in volume at least 40% above average.
Looking For Winning Stocks? Try This Simple Routine
Shell Stock's Other Key Ratings
Among other key ratings, the stock earns an 84 Earnings Per Share Rating, meaning its recent quarterly and annual earnings growth is outpacing 84% of all stocks.
Additionally, Shell's Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Netherlands-based Shell reported 145% earnings growth for Q3, to $2.60 per share. EPS the prior three quarters grew more than 1,000%, 186% and then 117%. Revenue last quarter jumped 59% to $95.7 billion. The prior three stanzas, its sales growth ranged from 51% to 94%.
Peers In Energy Group
Shell stock holds the No. 12 rank among its peers in the Oil & Gas-Integrated industry group. Marathon Oil, TotalEnergies and ExxonMobil are among the top five highly-rated stocks in the group.
