Murphy Oil Corporation (NYSE: MUR) is -1.05% lower on its value in year-to-date trading and has touched a low of $25.97 and a high of $51.28 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MUR stock was last observed hovering at around $42.12 in the last trading session, with the day’s gains setting it 0.44% off its average median price target of $50.00 for the next 12 months. It is also 37.41% off the consensus price target high of $68.00 offered by 18 analysts, but current levels are -3.8% lower than the price target low of $41.00 for the same period.
Currently trading at $42.56, the stock is 1.17% and -3.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.97 million and changing 1.04% at the moment leaves the stock 7.77% off its SMA200. MUR registered 39.63% gain for a year compared to 6-month gain of 41.58%.
The stock witnessed a 1.31% loss in the last 1 month and extending the period to 3 months gives it a -5.94%, and is 0.69% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.31% over the week and 3.73% over the month.
Murphy Oil Corporation (MUR) has around 696 employees, a market worth around $6.58B and $3.66B in sales. Current P/E ratio is 7.14 and Fwd P/E is 6.18. Profit margin for the company is 25.50%. Distance from 52-week low is 63.90% and -17.01% from its 52-week high. The company has generated returns on investments over the last 12 months (3.80%).
Murphy Oil Corporation (MUR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Murphy Oil Corporation (MUR) is a “Overweight”. 18 analysts offering their recommendations for the stock have an average rating of 2.50, where 9 rate it as a Hold and 2 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Murphy Oil Corporation is expected to release its quarterly report on 05/03/2023.The EPS is expected to grow by 93.70% this year.
Murphy Oil Corporation (MUR) Top Institutional Holders
The shares outstanding are 155.45M, and float is at 146.50M with Short Float at 4.37%.
Murphy Oil Corporation (MUR) Insider Activity
A total of 22 insider transactions have happened at Murphy Oil Corporation (MUR) in the last six months, with sales accounting for 18 and purchases happening 4 times. The most recent transaction is an insider sale by MIRELES THOMAS J,the company’sExecutive Vice President & CFO. SEC filings show that MIRELES THOMAS J sold 15,000 shares of the company’s common stock on Nov 15 at a price of $49.06 per share for a total of $0.74 million. Following the sale, the insider now owns 39894.0 shares.
Murphy Oil Corporation disclosed in a document filed with the SEC on Nov 14 that Hambly Eric M (Executive Vice President) sold a total of 37,000 shares of the company’s common stock. The trade occurred on Nov 14 and was made at $50.38 per share for $1.86 million. Following the transaction, the insider now directly holds 76268.0 shares of the MUR stock.
Still, SEC filings show that on Nov 11, Jenkins Roger W. (President & CEO) disposed off 150,000 shares at an average price of $50.52 for $7.58 million. The insider now directly holds 664,664 shares of Murphy Oil Corporation (MUR).
Murphy Oil Corporation (MUR): Who are the competitors?
The company’s main competitors (and peers) include Valero Energy Corporation (VLO) that is trading 75.75% up over the past 12 months and TotalEnergies SE (TTE) that is 14.22% higher over the same period. Hess Corporation (HES) is 74.40% up on the 1-year trading charts.