In last trading session, Murphy Oil Corporation (NYSE:MUR) saw 3,923,888 shares changing hands with its beta currently measuring 3.35. Company’s recent per share price level of $8.85 trading at $0.36 or 4.24% at ring of the bell on the day assigns it a market valuation of $1.36 Billion. That closing price of MUR’s stock is at a discount of -217.74% from its 52-week high price of $28.12 and is indicating a premium of 49.15% from its 52-week low price of $4.5. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.79 Million shares which gives us an average trading volume of 4.11 Million if we extend that period to 3-months.
For Murphy Oil Corporation (MUR), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.9. Splitting up the data highlights that, out of 19 analysts covering the stock, 3 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 10 suggested the stock as a Hold whereas 5 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.15 in the current quarter.
Murphy Oil Corporation (NYSE:MUR) trade information
Upright in the green today for gaining 4.24%, in the last five days MUR remained trading in the green while hitting it’s week-highest on Friday, Oct 09 when the stock touched $9.36-5 price level, adding 5.45% to its value on the day. Murphy Oil Corporation’s shares saw a change of -66.98% in year-to-date performance and have moved -3.7% in past 5-day. Murphy Oil Corporation (NYSE:MUR) showed a performance of -12.03% in past 30-days. Number of shares sold short was 19.47 Million shares which calculate 4.74 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $14.94 to the stock, which implies a rise of 68.81% to its current value. Analysts have been projecting $10 as a low price target for the stock while placing it at a high target of $22. It follows that stock’s current price would jump +148.59% in reaching the projected high whereas dropping to the targeted low would mean a loss of 12.99% for stock’s current value.
Murphy Oil Corporation (MUR) estimates and forecasts
Statistics highlight that Murphy Oil Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company added +11.46% of value to its shares in past 6 months, showing an annual growth rate of -224.14% while that of industry is -41.1. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -141.7% in the current quarter and calculating -118.8% decline in the next quarter. This year revenue growth is estimated to drop -20.3% from the last financial year’s standing.
12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $477.33 Million for the same. And 12 analysts are in estimates of company making revenue of $502.67 Million in the next quarter that will end in December 01, 2020.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -40.8% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 187.9% while estimates for its earnings growth in next 5 years are of 23.81%
Murphy Oil Corporation is more likely to be releasing its next quarterly report between November 05 and November 05, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 5.89%, the share has a forward dividend of 0.5 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.69%.
Murphy Oil Corporation (NYSE:MUR)’s Major holders
Insiders are in possession of 5.74% of company’s total shares while institution are holding 103.31% percent of that, with stock having share float percentage of 109.6%. Investors also watch the number of corporate investors in a company very closely, which is 415 institutions for Murphy Oil Corporation that are currently holding shares of the company. Capital International Investors is the top institutional holder at MUR for having 20.4 Million shares of worth $281.55 Million. And as of June 29, 2020, it was holding 13.28% of the company’s outstanding shares.
The second largest institutional holder is FMR, LLC, which was holding about 19.35 Million shares on June 29, 2020. The number of shares represents firm’s hold over 12.6% of outstanding shares, having a total worth of $267.08 Million.
On the other hand, Fidelity Low-Priced Stock Fund and American Balanced Fund are the top two Mutual Funds which own company’s shares. As of July 30, 2020, the former fund manager was holding 15184766 shares of worth $200.59 Million or 9.89% of the total outstanding shares. The later fund manager was in possession of 8.09 Million shares on June 29, 2020, making its stake of worth around $111.6 Million in the company or a holder of 5.27% of company’s stock.