Murphy Oil Corp. (NYSE: MUR)’s stock price has increased by 3.05 compared to its previous closing price of 46.94. However, the company has seen a 8.09% increase in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-11 that After closing out 2023 with a 15.1% gain, the Russell 2000 looks even better this year in the new year. In fact, since Jan. 2, the index is up about 4% year to date, and could push even higher, taking some of the most undervalued Russell 2000 stocks along for the ride.
Is It Worth Investing in Murphy Oil Corp. (NYSE: MUR) Right Now?
Murphy Oil Corp. (NYSE: MUR) has a price-to-earnings ratio that is above its average at 11.46x. The stock has a 36-month beta value of 2.23. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 2 as “sell.”
The public float for MUR is 143.92M, and at present, short sellers hold a 5.19% of that float. On April 04, 2024, the average trading volume of MUR was 1.96M shares.
MUR’s Market Performance
The stock of Murphy Oil Corp. (MUR) has seen a 8.09% increase in the past week, with a 24.70% rise in the past month, and a 13.12% gain in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are at 2.12% for MUR. The simple moving average for the past 20 days is 11.07% for MUR’s stock, with a 14.17% simple moving average for the past 200 days.
Analysts’ Opinion of MUR
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see MUR reach a price target of $47. The rating they have provided for MUR stocks is “Overweight” according to the report published on July 11th, 2023.
UBS gave a rating of “Neutral” to MUR, setting the target price at $45 in the report published on April 19th of the previous year.
MUR Trading at 18.88% from the 50-Day Moving Average
After a stumble in the market that brought MUR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.21% of loss for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +23.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.96% upper at present.
During the last 5 trading sessions, MUR rose by +8.09%, which changed the moving average for the period of 200-days by +25.44% in comparison to the 20-day moving average, which settled at $44.01. In addition, Murphy Oil Corp. saw 13.38% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MUR starting from Martinez Maria A, who sale 10,000 shares at the price of $43.35 back on Mar 14 ’24. After this action, Martinez Maria A now owns 40,590 shares of Murphy Oil Corp., valued at $433,550 using the latest closing price.
GARDNER JOHN B, the Vice President of Murphy Oil Corp., sale 40,000 shares at $40.82 during a trade that took place back on Mar 07 ’24, which means that GARDNER JOHN B is holding 25,302 shares at $1,632,992 based on the most recent closing price.
Stock Fundamentals for MUR
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.57 for the gross margin
The net margin for Murphy Oil Corp. stands at 0.21. The total capital return value is set at 0.12. Equity return is now at value 12.80, with 6.61 for asset returns.
Based on Murphy Oil Corp. (MUR), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.84. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is 9.27.
Currently, EBITDA for the company is 1.61 billion with net debt to EBITDA at 0.96. When we switch over and look at the enterprise to sales, we see a ratio of 2.65. The receivables turnover for the company is 10.03for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
To sum up, Murphy Oil Corp. (MUR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
