Murphy Oil Corp. (MUR) Shares Plummet Below 1-Year High

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Murphy Oil Corp. (NYSE: MUR) has seen a decline in its stock price by -0.76 in relation to its previous close of 40.65. However, the company has experienced a 1.26% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-06-12 that HOUSTON–(BUSINESS WIRE)–Murphy Oil Corporation (NYSE: MUR) today announced that Roger W. Jenkins, Chief Executive Officer, will present at the J.P. Morgan 2024 Energy, Power & Renewables Conference on Tuesday, June 18, 2024 at 2:20 p.m. Eastern Daylight Time (EDT). The live video webcast presentation will be available on the company’s website at http://ir.murphyoilcorp.com. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Co.

Is It Worth Investing in Murphy Oil Corp. (NYSE: MUR) Right Now?

Murphy Oil Corp. (NYSE: MUR) has a higher price-to-earnings ratio of 11.25x compared to its average ratio. MUR has 36-month beta value of 2.26. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 2 as “sell.”

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The public float for MUR is 143.92M, and currently, short sellers hold a 5.11% ratio of that float. The average trading volume of MUR on June 13, 2024 was 1.45M shares.

MUR’s Market Performance

The stock of Murphy Oil Corp. (MUR) has seen a 1.26% increase in the past week, with a -8.13% drop in the past month, and a -6.84% fall in the past quarter. The volatility ratio for the week is 2.08%, and the volatility levels for the past 30 days are at 2.03% for MUR. The simple moving average for the past 20 days is -3.52% for MUR’s stock, with a -6.43% simple moving average for the past 200 days.

Analysts’ Opinion of MUR

Barclays, on the other hand, stated in their research note that they expect to see MUR reach a price target of $54. The rating they have provided for MUR stocks is “Equal Weight” according to the report published on April 10th, 2024.

MUR Trading at -9.11% 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 -17.91% of loss for the given period.

Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares sank -8.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.06% lower at present.

During the last 5 trading sessions, MUR rose by +1.26%, which changed the moving average for the period of 200-days by -9.75% in comparison to the 20-day moving average, which settled at $41.63. In addition, Murphy Oil Corp. saw -5.44% in overturn over a single year, with a tendency to cut further losses.

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:

  • 0.27 for the present operating margin
  • 0.54 for the gross margin

The net margin for Murphy Oil Corp. stands at 0.18. The total capital return value is set at 0.11. Equity return is now at value 10.77, with 5.67 for asset returns.

Based on Murphy Oil Corp. (MUR), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 1.24. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 9.0.

Currently, EBITDA for the company is 1.61 billion with net debt to EBITDA at 0.97. When we switch over and look at the enterprise to sales, we see a ratio of 2.31. The receivables turnover for the company is 9.54for 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 0.93.

Conclusion

To put it simply, Murphy Oil Corp. (MUR) has had a mixed performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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