If you’re on the hunt for stocks to watch today, Murphy Oil Corporation (NYSE:MUR) is a stock to give close attention to. The company shares are trading 5.56% or 1.55 points down from last closing price of $27.88, reaching $26.33 at last check. The MUR share price has dropped in 3 of the last 5 days and is up 41.45% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 452,168 shares, and in total 1.61 million shares valued at $42.38 million were seen changing hands compared with 1.157 million shares valued at $32.268 million recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the MUR stock.
Murphy Oil Corporation (MUR) shares have notched a 3-month gain of about 41.45%, but has still advanced 4.03% year to date. By comparison, the stock added 3.37% over the past 12 months, while it jumped 11.34% over the 1 month. The company’s market cap is around $4.42B, with its short interest ratio standing at 9.93%.
In the current trading session for MUR, the stock witnessed two major price actions, it rose to a high of $27.72 and was down as much as $25.97 at one point. The high recorded is very low when compared to their 52-week high which is $17.04. The 52-week high is now at -15.84 distance from current price. Their recent low of $31.13 represents a 53.76% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for MUR is $28.19, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Murphy Oil Corporation earned $1.7 per share in the trailing 12 months and has a P/E ratio of 15.49. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 15.44 and lower compared to the sector’s average of 17.92. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. MUR also has P/S multiple of 1.46. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.77x.
MUR‘s last price was up 10.26% as compared to the average trading price of 50 days recorded at $23.88 while enlarging the period to 200 trading days, the average closing price was $25.36. At present, there are 158.62 million in the total number of common shares owned by the public and among those 148.17 million shares have been available to trade. The percentage of shares being held by the company management was 0.9% while institutions stake was 0%. The company has generated positive returns on equity over the last 12 months (25%). It managed to keep its gross profit margin at 86.5% over the past 12 months.
When assessing the full upside of the MUR stock, there is another set of technicals that should be looked into and considered. Its -2.12% decline from moving average of $26.9 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 2.14 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Murphy Oil Corporation — 5 analysts rate the stock as a buy with another 0 rating it strong buy. There are 8 analysts who maintain a hold rating for the stock, with 1 giving it a sell rating. Analysts arrived at a 12-month price target of $30.08 on shares of Murphy Oil Corporation (NYSE:MUR), which corresponds to 15.35% upside potential than its current market price of $26.33 and implies potential despite the recent drop in the price. However, their current target price has fallen from $30.23 a month ago and is down handily from the consensus target of $31.53 a quarter ago.
In the last five years, the EPS of the company has been roughly -19.4%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has retreated at an average annualized rate of about -13.9 over the last five years. The company recently recorded an increase of 71.9%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards MUR stock. Wedge Capital Management L L P NC added position in the company after it grew 0.1% or 4,921,630 shares of its common stock. The hedge fund now owns 4,926,552 shares worth $130,000,000, SEC documents show. Pflug Koory LLC cut assets in the stock as 2799.23 shares have been sold, reducing its stake by -22.3% to 2,175 shares which are currently valued at $57,268. In addition, Acropolis Investment Management LLC recently reported that it now owns 3,940 shares making a total of $103,740 based on the recent price. This refelects a change of -22.9% in their ownership.