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Friday, December 2, 2022

An Evaluation Of Murphy Oil Corporation (NYSE: MUR) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Murphy Oil Corporation (MUR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.37, or -0.94%, to $38.98. Volume reached 33,027 shares, with price reaching a high of $38.98 and a low of $38.98. Earlier, Yahoo Finance discussed this stock as it revealed Murphy Oil Corporation Announces Early Results of Cash Tender Offers for Outstanding Debt Securities.


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Stocks Info

MUR belongs to the Energy sector of the NYSE while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $38.98 and fluctuated between $39.63 as its day high and $37.79 as its day low. The current market capitalization of Murphy Oil Corporation is $6.24B. A total of 1.34 million shares were traded on the day, compared to an average of 1.61M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, MUR has seen 3 BUY and 4 SELL insider trades, representing the acquisition of 49,125 and the disposition of 24,871 shares. Over the last 12 months, there were 58 BUYs and 70 SELLs from insiders. Insiders purchased 1,593,252 shares during that period but sold 1,242,235.

In the most recent transaction, COLLINS T JAY sold 5,000 shares of MUR for 40.32 per share on Sep 13. After the transaction, the Director now owns 10,137 company shares. In a previous transaction on Sep 02, GARDNER JOHN B sold 4,252 shares at 39.52 per share. MUR shares that Vice President owns now total 10,000.

Among the insiders who sold shares, MIRELES THOMAS J disposed of 5,540 shares on Aug 22 at a per-share price of $36.30. This resulted in the Executive Vice President & CFO holding 51,758 shares of MUR after the transaction. In another insider transaction, BOTNER E TED sold 10,128 shares at $45.00 per share on Jun 09. Company shares held by the SVP General Counsel & Corp Sec now total 68,864.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Murphy Oil Corporation pays an annual dividend of $1.00, resulting in a dividend yield of 2.57%, and it has a price to earnings (P/E) ratio of 11.82. MUR’s most recent ex-dividend date was 08/12/2022 when it declared a $0.25 quarterly dividend that was paid in cash on 09/01/2022. Previously, the company paid the dividend on 06/01/2022 with an ex-dividend date of 05/13/2022. The dividend was $0.175 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for MUR in the last 3 months, the mean price target is $50.27 with high estimates of $73.00 and low estimates of $35.00. In terms of 52-week highs and lows, MUR has a high of $45.79 and a low of $19.48.

As of this writing, MUR has an earnings estimate of $1.59 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $1.88 per share and a lower estimate of $1.39. The company reported an EPS of $1.93 in the last quarter, which was 35.92% higher than expectations of $1.42.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 16 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MUR is Underweight with a score of 4.11. A total of 5 analysts rated the stock as Buy while 2 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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