Murphy Oil Corp. [MUR] stock prices are up 0.45% to $46.43 at the moment. 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 2.74% over the last week, with a monthly amount glided 3.75%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Murphy Oil Corp. [NYSE: MUR] stock has seen the most recent analyst activity on April 11, 2024, when Scotiabank downgraded its rating to a Sector Perform. Previously, Barclays started tracking the stock with Equal Weight rating on April 10, 2024, and set its price target to $54. On March 20, 2024, ROTH MKM reiterated its Buy rating. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $47 on July 11, 2023. UBS initiated its recommendation with a Neutral and recommended $45 as its price target on April 19, 2023. Jefferies upgraded its rating to Buy for this stock on April 17, 2023, but kept the price target unchanged to $41. In a note dated April 11, 2023, Truist upgraded an Buy rating on this stock and boosted its target price from $49 to $56.
The stock price of Murphy Oil Corp. [MUR] has been fluctuating between $32.80 and $49.14 over the past year. Currently, Wall Street analysts expect the stock to reach $48.6 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 return of 4.67% based on the average MUR price forecast.
Analyzing the MUR fundamentals
The Murphy Oil Corp. [NYSE:MUR] reported sales of 3.45B for trailing twelve months, representing a drop of -14.59%. 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 45.81 points at the first support level, and at 45.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.83, and for the 2nd resistance point, it is at 47.24.
Murphy Oil Corp. [MUR] reported earnings per share of $0.9 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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’s worth pointing out that Murphy Oil Corp. [NYSE:MUR]’s Current Ratio 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.
