66.9 F
New York
Thursday, October 1, 2020

The Unprecedented Rise of Murphy Oil Corporation (NYSE:MUR)

Must read

McDonald’s Corporation (NYSE:MCD) is Waving the Bull Flag

McDonald's Corporation (MCD) shares are trading at higher $219.49 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Brixmor Property Group Inc. (NYSE:BRX) Recent Earnings Shows Major Promise

Brixmor Property Group Inc. (BRX) shares are trading at higher $11.69 and the avg recommendation for the stock is Moderate Buy, while the current...

Baxter International Inc. (NYSE:BAX) Stock is Soaring, Here is Why

Baxter International Inc. (BAX) shares are trading at higher $80.42 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

The Rejuvenation of ViewRay Inc. (NASDAQ:VRAY)

ViewRay Inc. (VRAY) shares are trading at higher $3.50 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

The Murphy Oil Corporation (MUR) shares are trading at lower $13.21 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $13.10.

To add more color to this target, the company’s high over the last year is $28.12 and the low is $4.50. Over the last 52 weeks, MUR is down -53.02% while the S&P 500 is up 0.79%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, MUR reported a profit of $-554.52 million. Murphy Oil Corporation also saw revenues decrease to $1.0 billion. In addition, MUR has free cash flow of $16.53 million as of 03-2020. The company’s EBITDA came in at -$240.94 million which compares well with its peers.

Find out when MUR reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MUR has a short ratio of 6.46 and outstanding shares of 153.31M.

Company Outlook

MUR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.23 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.25. Murphy Oil Corporation MUR also noted assets of $11.21 billion at the end of the last quarter. Investors should also keep an eye on sector updates as MUR has historically followed its peers on positive news.

All told, Murphy Oil Corporation MUR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MUR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Murphy Oil Corporation MUR is now commanding a market cap of 2.07B and a float of 144.74M. MUR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MUR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in MUR, either long or short, and we have not been compensated for this article.

Latest article

Equity LifeStyle Properties Inc. (NYSE:ELS) on the Path to Ruin

Equity LifeStyle Properties Inc. (ELS) shares are trading at lower $61.30 and the avg recommendation for the stock is Moderate Buy, while the current...

Is Now the Time to Invest in Credit Suisse Group AG (NYSE:CS)?

Credit Suisse Group AG (CS) shares are trading at higher $9.97 and the avg recommendation for the stock is Moderate Buy, while the current...

Marsh & McLennan Companies Inc. (NYSE:MMC) Stock is Soaring, Here is Why

Marsh & McLennan Companies Inc. (MMC) shares are trading at higher $114.70 and the avg recommendation for the stock is Moderate Buy, while the...

The New York Times Company (NYSE:NYT) is Holding Steady

The New York Times Company (NYT) shares are trading at higher $42.79 and the avg recommendation for the stock is Moderate Buy, while the...

Investor Confidence is Falling for DISH Network Corporation (NASDAQ:DISH)

DISH Network Corporation (DISH) shares are trading at lower $29.03 and the avg recommendation for the stock is Moderate Buy, while the current analyst...