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Why Murphy Oil (MUR) is a Top Momentum Stock for the Long-Term

Zacks Equity Research
·2 min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

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Murphy Oil (MUR)

Houston, TX-based Murphy Oil Corporation was founded in 1950. The company is a global oil and gas exploration and production company. The company explores and produces crude oil, natural gas and natural gas liquids (NGL) worldwide. Previously, it had refining and marketing operations in both the U.S. and the UK. The company is currently transforming itself into an organization primarily engaged in oil and gas exploration and production (E&P) activities from an integrated oil company.

MUR sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of A. The stock is up 2.7% and up 1.6% over the past one-week and four-week period, respectively, and Murphy Oil has gained 29.4% in the last one-year period as well. Additionally, an average of 1,228,093.50 shares were traded over the last 20 trading sessions.

A company's earnings performance is important for momentum investors as well. For fiscal 2024, five analysts revised their earnings estimate higher in the last 60 days for MUR, while the Zacks Consensus Estimate has increased $0.46 to $4.71 per share. MUR also boasts an average earnings surprise of 10%.

MUR should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.

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Murphy Oil Corporation (MUR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research