Alert: Negative Fundamental Signals (10/11/24)-Murphy Oil Corp (NYSE: MUR)

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Extremely important negative changes in fundamentals have recently occurred for Murphy Oil Corp (NYSE: MUR): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2025 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

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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). 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 poor Power Rating of 18, with the Neutral Value Trend Rating the result.

Recent Price Action

Murphy Oil Corp (NYSE: MUR) stock increased 1.1% on 10/11/24. The shares closed at $35.91. Trading volume in this advance was normal. The stock has been weak relative to the market over the last nine months but has risen 0.8% during the last week.

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