When putting together your watch list, look for stocks with an 80 or higher RS Rating. Murphy Oil stock just met that criteria with a new score of 81.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
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Is Murphy Oil Stock A Buy?
Murphy Oil stock broke out earlier, but has fallen back below the prior 48.47 entry from a cup without handle. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form. Also keep in mind that the latest consolidation is a later-stage base, and such bases are more prone to failure.
Earnings growth slowed last quarter from -14% to -18%. But sales moved higher, from -26% to -13%. Look for the next report on or around May 2.
Murphy Oil stock holds the No. 4 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Vista Energy ADR is the No. 1-ranked stock within the group.
