In last trading session, Murphy Oil Corporation (NYSE:MUR) saw 4,064,572 shares changing hands with its beta currently measuring 3.26. Company’s recent per share price level of $9.79 trading at $0.43 or 4.59% at ring of the bell on the day assigns it a market valuation of $1.5 Billion. That closing price of MUR’s stock is at a discount of -187.23% from its 52-week high price of $28.12 and is indicating a premium of 54.03% 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 4.61 Million shares which gives us an average trading volume of 4.82 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. 11 suggested the stock as a Hold whereas 4 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.09 in the current quarter.
Murphy Oil Corporation (NYSE:MUR) trade information
Upright in the green today for gaining 4.59%, in the last five days MUR remained trading in the green while hitting it’s week-highest on Wednesday, Nov 18 when the stock touched $10.05- price level, adding 2.59% to its value on the day. Murphy Oil Corporation’s shares saw a change of -63.47% in year-to-date performance and have moved 16.69% in past 5-day. Murphy Oil Corporation (NYSE:MUR) showed a performance of 18.09% in past 30-days. Number of shares sold short was 16.28 Million shares which calculate 3.38 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $11.81 to the stock, which implies a rise of 20.63% to its current value. Analysts have been projecting $9 as a low price target for the stock while placing it at a high target of $19. It follows that stock’s current price would jump +94.08% in reaching the projected high whereas dropping to the targeted low would mean a loss of -8.07% 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 lessened -20.34% of value to its shares in past 6 months, showing an annual growth rate of -241.38% while that of industry is -35.5. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -156.2% in the current quarter and calculating 13.3% increase in the next quarter. This year revenue growth is estimated to drop -24.1% 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 $479.52 Million for the same. And 11 analysts are in estimates of company making revenue of $457.93 Million in the next quarter that will end in March 01, 2021. Company posted $637.48 Million and $1Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -24.8% while estimating it to be -54.4% for the next quarter.
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 2.36%
Murphy Oil Corporation is more likely to be releasing its next quarterly report between January 28 and February 01, 2021, 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 5.34%, 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 4.77%.
Murphy Oil Corporation (NYSE:MUR)’s Major holders
Insiders are in possession of 5.75% of company’s total shares while institution are holding 83.72% percent of that, with stock having share float percentage of 88.83%. Investors also watch the number of corporate investors in a company very closely, which is 373 institutions for Murphy Oil Corporation that are currently holding shares of the company. FMR, LLC is the top institutional holder at MUR for having 20.4 Million shares of worth $181.95 Million. And as of September 29, 2020, it was holding 13.28% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 13.75 Million shares on September 29, 2020. The number of shares represents firm’s hold over 8.95% of outstanding shares, having a total worth of $122.62 Million.
On the other hand, Fidelity Low-Priced Stock Fund and Vanguard Total Stock Market Index 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 4.12 Million shares on June 29, 2020, making its stake of worth around $56.79 Million in the company or a holder of 2.68% of company’s stock.