At the time of writing, Murphy Oil Corp. [MUR] stock is trading at $40.19, up 1.01%. 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 lost -4.26% over the last week, with a monthly amount drifted -1.90%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Scotiabank downgraded its rating to Sector Perform on April 11, 2024. On April 10, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $54 on the stock. ROTH MKM reiterated its Buy rating. KeyBanc Capital Markets initiated its recommendation with a Overweight and recommended $47 as its price target on July 11, 2023. UBS started tracking with a Neutral rating for this stock on April 19, 2023, and assigned it a price target of $45. In a note dated April 17, 2023, Jefferies upgraded an Buy rating on this stock but restated the target price of $41.
For the past year, the stock price of Murphy Oil Corp. fluctuated between $36.95 and $49.14. Currently, Wall Street analysts expect the stock to reach $47.9 within the next 12 months. Murphy Oil Corp. [NYSE: MUR] shares were valued at $40.19 at the most recent close of the market. An investor can expect a potential return of 19.18% based on the average MUR price forecast.
Analyzing the MUR fundamentals
According to Murphy Oil Corp. [NYSE:MUR], the company’s sales were 3.40B for trailing twelve months, which represents an -5.37% plunge. 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 39.76 points at the first support level, and at 39.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.60, and for the 2nd resistance point, it is at 41.01.
Ratios To Look Out For
It is important to note that Murphy Oil Corp. [NYSE:MUR] has a current ratio of 0.93. Further, the Quick Ratio stands at 0.87, while the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 1.16 and price to earnings (TTM) ratio is 11.20.
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.
