Murphy Oil Corp (NYSE: MUR) has recently experienced extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Murphy Oil Corp (NYSE: MUR) has recently experienced notable negative changes in fundamentals: significant quarterly sales deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed 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 Power Rating of 77 and a very high Appreciation Score of 88, and the Highest Value Trend Rating results.
Recent Price Action
Murphy Oil Corp (NYSE: MUR) stock closed at $39.08 on 1/12/24 after a slight decline of -0.5%. Moreover, trading volume in this decline was unusually high at 157% of normal. The stock has declined -6.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
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