For its first fiscal quarter (ending March 31), Murphy Oil Corp (NYSE: MUR) has reported a -51% decline in E.P.S. from $1.23 a year ago to $0.60 in the current quarter. This result fell short of the consensus estimate of $1.42 by $-0.82. For the latest four quarters through March 31, E.P.S. were $3.63 versus $8.18 for the same period a year ago — a decline of -56%.
Recent Price Action
Murphy Oil Corp (NYSE: MUR) stock rose slightly by 0.09% on 5/2/24. The stock closed at $44.22. Trading volume in this advance was normal. The stock has declined -4.3% during the last week and has been weak relative to the market over the last nine months.
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 C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Murphy Oil has a good Appreciation Score of 85 but a poor Power Rating of 23, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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