At the time of writing, Murphy Oil Corp. [MUR] stock is trading at $40.45, up 1.97%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MUR shares have gain 2.69% over the last week, with a monthly amount glided 4.52%, and seem to be holding up well over a long-time horizon.
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On 7, February 2024, Murphy Oil Corporation Promotes Eric M. Hambly to Position of President and Chief Operating Officer and E. Ted Botner to Executive Vice President. In a post published today on Yahoo Finance, Murphy Oil Corporation (NYSE: MUR) today announced the following promotions, effective February 1, 2024. The Board of Directors has appointed Eric M. Hambly to the role of President and Chief Operating Officer and E. Ted Botner to Executive Vice President. Mr. Hambly and Mr. Botner will continue to report to Roger W. Jenkins, Chief Executive Officer.
From an analyst’s perspective:
Murphy Oil Corp. [NYSE: MUR] stock has seen the most recent analyst activity on July 11, 2023, when KeyBanc Capital Markets initiated its Overweight rating and assigned the stock a price target of $47. Previously, UBS started tracking the stock with Neutral rating on April 19, 2023, and set its price target to $45. On April 17, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $41 on the stock. Truist upgraded its rating to a Buy and increased its price target to $56 on April 11, 2023. Truist downgraded its rating to Hold for this stock on December 12, 2022, but kept the price target unchanged to $46. In a note dated December 05, 2022, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $56.
For the past year, the stock price of Murphy Oil Corp. fluctuated between $32.80 and $48.47. Currently, Wall Street analysts expect the stock to reach $42.6 within the next 12 months. Murphy Oil Corp. [NYSE: MUR] shares were valued at $40.45 at the most recent close of the market. An investor can expect a potential return of 5.32% based on the average MUR price forecast.
Analyzing the MUR fundamentals
According to Murphy Oil Corp. [NYSE:MUR], the company’s sales were 3.45B for trailing twelve months, which represents an -14.59% plunge. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.14 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 40.07 points at the first support level, and at 39.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.71, and for the 2nd resistance point, it is at 40.98.
Murphy Oil Corp. [MUR] reported earnings per share of $0.9 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.99/share, meaning a difference of -$0.09 and a surprise factor of -9.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.59 per share as compared to estimates of $1.44 per share, a difference of $0.15 representing a surprise of 10.40%.
Ratios To Look Out For
It is important to note that Murphy Oil Corp. [NYSE:MUR] has a current ratio of 0.89. Further, the Quick Ratio stands at 0.82, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 1.79, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 9.59.
Transactions by insiders
Recent insider trading involved Jenkins Roger W., Chief Executive Officer, that happened on Mar 01 when 0.11 million shares were sold. Executive Vice President & CFO, MIRELES THOMAS J completed a deal on Mar 01 to sell 34928.0 shares. Meanwhile, Senior Vice President Hanchera Daniel R sold 30000.0 shares on Mar 01.
