As of Thursday close, Murphy Oil Corporation’s (NYSE:MUR) stock was down -$0.74, moving down -1.67 percent to $43.59. The average number of shares traded per day over the past five days has been 1,760,760 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.57 fall in that time frame. In the last twenty days, the average volume was 1,362,875, while in the previous 50 days, it was 1,500,838.
Since last month, MUR stock retreated -2.68%. Shares of the company fell to $43.44 on 09/21/23, the lowest level in the past month. A 52-week high of $51.28 was reached on 09/05/23 after having rallying from a 52-week low of $31.90. Since the beginning of this year, MUR’s stock price has risen by 1.35% or $0.58, and marked a new high 10 times. However, the stock has declined by -15.00% since its 52-week high.
MUR stock investors should be aware that Murphy Oil Corporation (MUR) stock had its last reported insider trading activity 2 days ago on Sep 20. Keller Elisabeth W, the Director of the company, disposed of 1,116 shares for $45.49 on Sep 20. It resulted in a $50,772 divestment by the insider. MURPHY ROBERT MADISON sold 100,000 shares at an average price of $43.30 on Aug 08. The insider now owns 1,499,831 shares following the transaction. On Aug 08, Vice President GARDNER JOHN B sold 10,000 shares at $42.95 apiece. The transaction was valued at $429,467.
Valuation Metrics
Right now, Murphy Oil Corporation (MUR) has a P/E ratio of about 6.74. The stock’s beta is 2.38. Besides these, the trailing price-to-sales (P/S) ratio of 1.78, the price-to-book (PB) ratio of 1.30, and the price-to-cash flow ratio of 8.38 may also be considered.
The latest dividend of $0.2750 per share was paid out, remained unchanged from last year’s $0.2750. On Thursday January 26 2023, a $0.0250 dividend increase was announced.
Financial Health
In the three months ended June 29, Murphy Oil Corporation’s quick ratio stood at 0.80, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.35, and the total debt-to-equity ratio was 0.35. On the profitability front, the trailing twelve-month gross margin is 76.40% percent. In the year ended June 29, EBITDA margin amounted to 64.23%, whereas operating margins totaled 39.40%. Based on annual data, MUR earned $1.59 billion in gross profit and brought in $3.93 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.70%. Return on equity (ROE) for the past 12 months was 20.30%.
In Murphy Oil Corporation’s quarter-end financial report for June 29, it reported total debt of $1.82 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MUR’s revenue fell -35.17% to $841.72 million during the quarter, while net income inched up to $814.59 million. While analysts expected Murphy Oil Corporation to report $0.78 quarterly earnings, the actual figure was $0.79 per share, beating the consensus estimate by 1.30%. During the quarter, the company generated $383.26 million in EBITDA. The liabilities of Murphy Oil Corporation were 4.86 billion at the end of its most recent quarter ended June 29, and its total debt was $2.71 billion. The value of shareholders’ equity is $156.16 million.
Technical Picture
This quick technical analysis looks at Murphy Oil Corporation’s (MUR) price momentum. With a historical volatility rate of 28.61%, the RSI 9-day stood at 32.29% on 21 September.
With respect to its five-day moving average, the current Murphy Oil Corporation price is down by -5.57% percent or -$2.57. At present, MUR shares trade -2.51% below its 20-day simple moving average and +18.74% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.52% above its SMA50 and -4.58% below its SMA200.
Stochastic coefficient K was 7.79% and Stochastic coefficient D was 14.85%, while ATR was 1.16. Given the Stochastic reading of 3.88% for the 14-day period, the RSI (14) reading has been calculated as 40.48%. As of today, the MACD Oscillator reading stands at -0.86, while the 14-day reading stands at -1.27.
Analyst Ratings
KeyBanc Capital Markets launched its rating on Murphy Oil Corporation (NYSE: MUR) to an Overweight in a note to investors on July 11, 2023. Murphy Oil Corporation (MUR) has been rated Overweight by analysts. According to 0 brokerage firms, MUR is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Murphy Oil Corporation stock as buy, with 8 recommending it as overweight.
With a median target price of $50.00, the current consensus forecast for the stock is $39.00 – $67.00. Based on these forecasts, analysts predict Murphy Oil Corporation (MUR) will achieve an average price target of $50.53.
