A share price of Murphy Oil Corp. [MUR] is currently trading at $41.05, down -0.05%. An important factor to consider is whether the stock is rising or falling in short-term value. The MUR shares have gain 0.20% over the last week, with a monthly amount drifted -4.07%, and not 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.
Murphy Oil Corp. experienced fluctuations in its stock price throughout the past year between $36.34 and $49.14. Currently, Wall Street analysts expect the stock to reach $48.4 within the next 12 months. Murphy Oil Corp. [NYSE: MUR] shares were valued at $41.05 at the most recent close of the market. An investor can expect a potential return of 17.9% based on the average MUR price forecast.
Analyzing the MUR fundamentals
Trailing Twelve Months sales for Murphy Oil Corp. [NYSE:MUR] were 3.40B which represents -5.37% decline. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.12 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.28.
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 40.66 points at the first support level, and at 40.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.60, and for the 2nd resistance point, it is at 42.14.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Murphy Oil Corp. [NYSE:MUR] is 0.93. On the other hand, the Quick Ratio is 0.87, and the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 1.84, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 11.44.
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.
