From Nasdaq:

Arch Resources and Murphy USA’s stocks both have a Zacks Rank #1 and an overall “A” VGM Zacks Style Scores grade, showing the ideal time to invest in these energy giants. Arch’s annual earnings are expected to soar in fiscal 2023 but Murphy USA’s will dip -13% in the same period.

Reasonable PE valuations are also seen for both stocks, with positive earnings estimate revisions lending further support. Arch Resources has a 6.3X forward earnings valuation while Murphy USA’s trades at 14.6X which is below the S&P 500’s 22.4X and 47% below its decade-long high of 28X forward earnings, respectively.

Both stocks are up over +20% in 2023, potentially having much more upside from current levels due to robust bottom lines and reasonable P/E valuations. Arch Resources and Murphy USA’s strong cases are being supported by estimates and value in an uncertain market, showing their potential to be top movers in 2024.



Read more: 2 Energy Stocks to Buy with Robust Bottom Lines Going into 2024