Stock Rating Downgrade
The Value Trend Rating for Murphy Oil Corp (NYSE: MUR) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Murphy Oil Corp (NYSE: MUR) stock declined slightly by -0.2% on 8/9/24. The stock closed at $36.98. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has declined -7.0% during the last week.
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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Murphy Oil has a very high Appreciation Score of 90 but a slightly negative Power Rating of 30, and the High Neutral Value Trend Rating results.
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