Murphy Oil Corp. (MUR) Is Now En Route to Higher Prices

Murphy Oil Corp. (NYSE: MUR) is 1.51% higher on its value in year-to-date trading and has touched a low of $32.80 and a high of $48.47 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MUR stock was last observed hovering at around $43.70 in the last trading session, with the day’s loss setting it -0.04% off its average median price target of $50.00 for the next 12 months. It is also 33.85% off the consensus price target high of $66.00 offered by 18 analysts, but current levels are -6.49% lower than the price target low of $41.00 for the same period.

Currently trading at $43.66, the stock is 3.35% and -0.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -0.09% at the moment leaves the stock 6.80% off its SMA200. MUR registered 0.02% gain for a year compared to 6-month gain of 15.11%. The firm has a 50-day simple moving average (SMA 50) of $2.45 and a 200-day simple moving average (SMA200) of $4.38.

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The stock witnessed a 2.80% loss in the last 1 month and extending the period to 3 months gives it a -3.21%, and is 3.17% 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 2.41% over the week and 2.42% over the month.

Murphy Oil Corp. (MUR) has around 691 employees, a market worth around $6.74B and $3.59B in sales. Current P/E ratio is 9.22 and Fwd P/E is 7.82. Profit margin for the company is 20.73%. Distance from 52-week low is 33.11% and -9.92% from its 52-week high. The company has generated returns on investments over the last 12 months (9.96%).

Murphy Oil Corp. (MUR) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Murphy Oil Corp. (MUR) is a “Overweight”. 18 analysts offering their recommendations for the stock have an average rating of 1.89, where 7 rate it as a Hold and 2 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Murphy Oil Corp. is expected to release its quarterly report on 01/25/2024.The EPS is expected to shrink by -11.07% this year.

Murphy Oil Corp. (MUR) Top Institutional Holders

The shares outstanding are 155.47M, and float is at 146.43M with Short Float at 4.02%.

Murphy Oil Corp. (MUR) Insider Activity

A total of 3 insider transactions have happened at Murphy Oil Corp. (MUR) in the last six months, with sales accounting for 3 and purchases happening 0 times. The most recent transaction is an insider sale by Keller Elisabeth W,the company’sDirector. SEC filings show that Keller Elisabeth W sold 1,116 shares of the company’s common stock on Sep 20 at a price of $45.49 per share for a total of $50772.0. Following the sale, the insider now owns 7151.0 shares.

Murphy Oil Corp. disclosed in a document filed with the SEC on Aug 08 that MURPHY ROBERT MADISON (Director) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Aug 08 and was made at $43.30 per share for $4.33 million. Following the transaction, the insider now directly holds 1.5 million shares of the MUR stock.

Still, SEC filings show that on Aug 08, GARDNER JOHN B (Vice President) disposed off 10,000 shares at an average price of $42.95 for $0.43 million. The insider now directly holds 19,895 shares of Murphy Oil Corp. (MUR).

Murphy Oil Corp. (MUR): Who are the competitors?

The company’s main competitors (and peers) include Valero Energy Corp. (VLO) that is trading 6.30% up over the past 12 months. TotalEnergies SE ADR (TTE) that is 8.31% higher over the same period.