Alert: Negative Investment/Fundamental Signals (12/6/23)-Murphy Oil Corp (NYSE: MUR)


Murphy Oil Corp (NYSE: MUR) has recently experienced extremely important negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.

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

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


Current PriceTarget Research Rating

MUR’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Murphy Oil has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Murphy Oil has a very high Appreciation Score of 86 and a very high Power Rating of 93, resulting in the Highest Value Trend Rating.

Recent Price Action

Murphy Oil Corp (NYSE: MUR) stock closed at $40.37 on 12/6/23 after a decline of -3.4%. Moreover, above average trading volume at 123% of normal accompanied the decline. The stock has declined -5.5% during the last week but has been exceptionally strong relative to the market over the last nine months.

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