Murphy Oil Corp. (NYSE:MUR) finished Wednesday with an addition of $1.2 to close at $46.42, an upside of 2.65 percent. An average of 1,513,280 shares of common stock have been traded in the last five days. There was a gain of $2.09 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 1,459,165 shares traded, while the 50-day average volume stands at 1,500,904.
MUR stock has increased by 2.84% in the last month. The company shares reached their 1-month lowest point of $43.44 on 09/21/23. With the stock rallying to its 52-week high on 09/05/23, shares of the company touched a low of $32.15 and a high of $51.28 in 52 weeks. It has reached a new high 10 times so far this year and achieved 7.93% or $3.41 in price. In spite of this, the price is down -9.49% from the 52-week high.
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Insider Transactions
MUR stock investors should be aware that Murphy Oil Corp. (MUR) stock had its last reported insider trading activity 8 days ago on Sep 20. In this transaction, the insider spent $50,772. Director, MURPHY ROBERT MADISON, disposed of 100,000 shares at a price of $43.30 on Aug 08. The insider now owns more than $4,329,900 worth of shares. Prior to that, Vice President GARDNER JOHN B went on to Sale 10,000 shares at $42.95 each on Aug 08. An amount of $429,467 was transacted.
Valuation Metrics
Murphy Oil Corp. (MUR) has a trailing price-to-earnings (P/E) ratio of 7.18. The stock’s beta is 2.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.90, the price-to-book (PB) ratio at 1.38, and the price-to-cash flow ratio at 9.71.
The company has a payout ratio of 13.46%. 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 Corp. for the recent quarter was 0.78, and the current ratio was 0.84, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.47 and a total debt to equity ratio of 0.52 for the recent quarter. Its gross profit as reported stood at $1.59 billion compared to revenue of $3.93 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Murphy Oil Corp.’s return on assets was 9.78%.
Earnings Surprise
For the recent quarter, Murphy Oil Corp. 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%. Shareholders own equity worth $156.16 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Murphy Oil Corp. (MUR) price momentum. RSI 9-day as of the close on 27 September was 62.20%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.80%.
As of today, MUR’s price is $44.82 +4.71% or $2.09 from its 5-day moving average. MUR is currently trading +2.47% higher than its 20-day SMA and +39.07% higher than its 100-day SMA. However, the stock’s current price level is +15.01% above the SMA50 and +11.19% above the SMA200.
The stochastic %K and %D were 59.70% and 37.96%, respectively, and the average true range (ATR) was 1.21. With the 14-day stochastic at 83.01% and the average true range at 1.17, the RSI (14) stands at 59.66%. The stock has reached 0.65 on the 9-day MACD Oscillator while the 14-day reading was at 0.28.
Analyst Ratings
KeyBanc Capital Markets launched coverage on Murphy Oil Corp. (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 Corp. (MUR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MUR, while 8 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 $39.00 and $67.00, with a median target of $50.00. Taking a look at these predictions, the average price target given by analysts for Murphy Oil Corp. (MUR) stock is $50.53.
