Home  »  Industry   »  Analysts suggest Murphy Oil Corporation (MUR) coul...

Analysts suggest Murphy Oil Corporation (MUR) could spike 37.41% in a year

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%.

5 Undervalued Stocks For 2023

Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. This company, however, is sitting on a goldmine opportunity as it plans to produce 30,000 tonnes per annum over the next 3.5 years from this single deposit. Supplying the electric vehicle boom and potentially driving its stock price off the charts. But this is just one of the opportunities we have researched in our free report. The other four companies have just as much potential.

Click here to download your Free Copy…

Sponsored

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.

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Posts