A share price of Murphy Oil Corp. [MUR] is currently trading at $46.43, up 1.60%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MUR shares have gain 4.81% over the last week, with a monthly amount glided 17.04%, and seem to be holding up well over a long-time horizon.
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On 1, April 2024, Murphy Oil Corporation Schedules First Quarter 2024 Earnings Release and Conference Call. In a post published today on Yahoo Finance, Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Daylight Time (EDT) on Thursday, May 2, 2024 to discuss first quarter 2024 earnings. The company plans to release its financial and operating results before the market opens that morning.
From an analyst’s perspective:
Murphy Oil Corp. [NYSE: MUR] stock has seen the most recent analyst activity on March 20, 2024, when ROTH MKM reiterated its Buy rating. Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on July 11, 2023, and set its price target to $47. On April 19, 2023, UBS initiated with a Neutral rating and assigned a price target of $45 on the stock. Jefferies upgraded its rating to a Buy but stick to its price target of $41 on April 17, 2023. Truist upgraded its rating to a Buy and raised its price target to $56 on April 11, 2023. In a note dated December 12, 2022, Truist downgraded an Hold rating on this stock but restated the target price of $46.
Murphy Oil Corp. experienced fluctuations in its stock price throughout the past year between $32.80 and $48.47. Currently, Wall Street analysts expect the stock to reach $44.33 within the next 12 months. Murphy Oil Corp. [NYSE: MUR] shares were valued at $46.43 at the most recent close of the market. An investor can expect a potential drop of -4.52% based on the average MUR price forecast.
Analyzing the MUR fundamentals
Trailing Twelve Months sales for Murphy Oil Corp. [NYSE:MUR] were 3.45B which represents -14.59% decline. 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 45.70 points at the first support level, and at 44.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.86, and for the 2nd resistance point, it is at 47.29.
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
To put it in perspective, the Current Ratio for Murphy Oil Corp. [NYSE:MUR] is 0.89. Also, the Quick Ratio is 0.82, while the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 2.05, the price to book ratio is 1.32 and price to earnings (TTM) ratio is 11.00.
Transactions by insiders
Recent insider trading involved Martinez Maria A, Vice President, that happened on Mar 14 ’24 when 10000.0 shares were sold. Vice President, GARDNER JOHN B completed a deal on Mar 07 ’24 to sell 40000.0 shares. Meanwhile, Vice President & Controller Vaughan Paul D. sold 6000.0 shares on Mar 06 ’24.
