Murphy Oil Corporation (NYSE:MUR) finished Wednesday with a subtraction of -$0.51 to close at $44.20, a downside of -1.14 percent. An average of 1,333,634 shares of common stock have been traded in the last five days. There was a gain of $1.09 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 1,654,318 shares traded, while the 50-day average volume stands at 1,737,333.
MUR stock has increased by 8.02% in the last month. The company shares reached their 1-month lowest point of $39.05 on 07/18/23. With the stock rallying to its 52-week high on 01/27/23, shares of the company touched a low of $31.90 and a high of $51.28 in 52 weeks. It has reached a new high 6 times so far this year and achieved 2.77% or $1.38 in price. In spite of this, the price is down -13.81% from the 52-week high.
Insider Transactions
MUR stock investors should be aware that Murphy Oil Corporation (MUR) stock had its last reported insider trading activity 2 days ago on Aug 08. In this transaction, the insider spent $4,329,900. Vice President, GARDNER JOHN B, disposed of 10,000 shares at a price of $42.95 on Aug 08. The insider now owns more than $429,467 worth of shares. Prior to that, Executive Vice President & CFO MIRELES THOMAS J went on to Sale 14,500 shares at $35.14 each on May 18. An amount of $509,472 was transacted.
Valuation Metrics
Murphy Oil Corporation (MUR) has a trailing price-to-earnings (P/E) ratio of 5.47. The stock’s beta is 2.38. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.63, the price-to-book (PB) ratio at 1.32, and the price-to-cash flow ratio at 10.29.
The company has a payout ratio of 11.80%. The company’s most recent quarterly dividend payment was $0.2750 a share, without any change from last year. Its latest increase dividend $0.0250 reported on Thursday January 26 2023.
Financial Health
The quick ratio of Murphy Oil Corporation for the three months ended June 29 was 0.80, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.35 and a total debt to equity ratio of 0.35 for the quarter ending June 29. Murphy Oil Corporation’s EBITDA margin for the year ending June 29 is 64.23%, while its operating margin for the same period stands at 36.70%. Its gross profit as reported stood at $1.59 billion compared to revenue of $3.93 billion.
Earnings Surprise
For the three-month period that ended June 29, Murphy Oil Corporation had $1.82 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $98.29 million in the quarter, while revenues of $191.64 million were shrunk -256.66%. The analyst consensus anticipated Murphy Oil Corporation’s latest quarter earnings to come in at $0.78 per share, but it turned out to be $0.79, a 1.30% surprise. For the quarter, EBITDA amounted to $383.26 million. Shareholders own equity worth $156.16 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Murphy Oil Corporation (MUR) price momentum. RSI 9-day as of the close on 09 August was 68.68%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.98%.
As of today, MUR’s price is $44.06 +2.52% or $1.09 from its 5-day moving average. MUR is currently trading +7.59% higher than its 20-day SMA and +32.75% higher than its 100-day SMA. However, the stock’s current price level is +24.94% above the SMA50 and -6.39% below the SMA200.
The stochastic %K and %D were 81.84% and 86.24%, respectively, and the average true range (ATR) was 1.25. With the 14-day stochastic at 71.75% and the average true range at 1.24, the RSI (14) stands at 67.08%. The stock has reached 0.83 on the 9-day MACD Oscillator while the 14-day reading was at 1.32.
Analyst Ratings
KeyBanc Capital Markets launched coverage on Murphy Oil Corporation (NYSE: MUR) in its analyst report released on July 11, 2023. The firm assigned the stock an Overweight rating. The consensus rating for Murphy Oil Corporation (MUR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MUR, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.
What is MUR’s price target for the next 12 months?
Analysts predict a range of price targets between $38.00 and $64.00, with a median target of $48.00. Taking a look at these predictions, the average price target given by analysts for Murphy Oil Corporation (MUR) stock is $48.35.
