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Is Murphy Oil (MUR) Stock Outpacing Its Oils-Energy Peers This Year?
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The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Murphy Oil (MUR - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Murphy Oil is a member of the Oils-Energy sector. This group includes 311 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. MUR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MUR's full-year earnings has moved 60.91% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, MUR has returned 8.51% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 6.28% on average. As we can see, Murphy Oil is performing better than its sector in the calendar year.
Looking more specifically, MUR belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 74 individual stocks and currently sits at #51 in the Zacks Industry Rank. On average, this group has gained an average of 4.12% so far this year, meaning that MUR is performing better in terms of year-to-date returns.
Investors with an interest in Oils-Energy stocks should continue to track MUR. The stock will be looking to continue its solid performance.
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Is Murphy Oil (MUR) Stock Outpacing Its Oils-Energy Peers This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Murphy Oil (MUR - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Murphy Oil is a member of the Oils-Energy sector. This group includes 311 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. MUR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MUR's full-year earnings has moved 60.91% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, MUR has returned 8.51% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 6.28% on average. As we can see, Murphy Oil is performing better than its sector in the calendar year.
Looking more specifically, MUR belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 74 individual stocks and currently sits at #51 in the Zacks Industry Rank. On average, this group has gained an average of 4.12% so far this year, meaning that MUR is performing better in terms of year-to-date returns.
Investors with an interest in Oils-Energy stocks should continue to track MUR. The stock will be looking to continue its solid performance.