Murphy Oil Corp (NYSE: MUR) has recently enjoyed meaningful positive changes in fundamentals: the consensus estimate for December, 2023 increased significantly, the stock’s power rating rose above 70, and the consensus estimate for December, 2024 increased significantly.
Murphy Oil Corp (NYSE: MUR) has recently enjoyed meaningful positive changes in investment behavior: the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MUR is expected to continue to be an important Value Builder.
Murphy Oil has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Murphy Oil has a good Appreciation Score of 82 and a very high Power Rating of 92, with the Highest Value Trend Rating the result.
Recent Price Action
Murphy Oil Corp (NYSE: MUR) stock closed at $46.14 on 11/2/23 after a large increase of 3.0%. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.7% during the last week.
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