Could Murphy Oil Corporation Gain Strenght? Option Traders Don’t Think So

 Could Murphy Oil Corporation Gain Strenght? Option Traders Don't Think So

In today’s session Murphy Oil Corporation (MUR) recorded an unusually high (7,517) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious MUR decrease. With 7,517 contracts traded and 2364 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: MUR170120P00025000 closed last at: $1.35 or 3.6% down. The stock decreased 3.24% or $1 on October 4, hitting $29.87. About 2.55M shares traded hands. Murphy Oil Corporation (NYSE:MUR) has risen 79.27% since March 1, 2016 and is uptrending. It has outperformed by 70.03% the S&P500.

Analysts await Murphy Oil Corporation (NYSE:MUR) to report earnings on October, 26. They expect $-0.15 EPS, up 79.17% or $0.57 from last year’s $-0.72 per share. After $-0.36 actual EPS reported by Murphy Oil Corporation for the previous quarter, Wall Street now forecasts -58.33% EPS growth.

Murphy Oil Corporation (NYSE:MUR) Ratings Coverage

Out of 9 analysts covering Murphy Oil Corporation (NYSE:MUR), 1 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 11% are positive. $50 is the highest target while $18 is the lowest. The $31.64 average target is 5.93% above today’s ($29.87) stock price. Murphy Oil Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was upgraded by Barclays Capital on Wednesday, July 13 to “Overweight”. The firm has “Market Perform” rating given on Monday, June 20 by Raymond James. The firm has “Sector Perform” rating given on Friday, July 31 by RBC Capital Markets. On Friday, February 12 the stock rating was maintained by Iberia Capital Partners with “Sector Perform”. Barclays Capital maintained Murphy Oil Corporation (NYSE:MUR) rating on Tuesday, January 12. Barclays Capital has “Equal Weight” rating and $23.0 price target. The firm has “Perform” rating by Oppenheimer given on Friday, July 31. As per Tuesday, December 15, the company rating was initiated by Credit Agricole. On Tuesday, August 11 the stock rating was downgraded by Zacks to “Buy”. The firm earned “Neutral” rating on Wednesday, December 9 by JP Morgan. UBS upgraded the stock to “Neutral” rating in Thursday, July 30 report.

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.08, from 1.03 in 2016Q1. The ratio dropped, as 38 funds sold all Murphy Oil Corporation shares owned while 117 reduced positions. 44 funds bought stakes while 103 increased positions. They now own 156.26 million shares or 4.31% less from 163.29 million shares in 2016Q1.
Choate Inv Advsrs has 0% invested in the company for 11,937 shares. Fmr Limited Liability Company last reported 0.05% of its portfolio in the stock. Barclays Public Lc holds 140,064 shares or 0.01% of its portfolio. Nj State Employees Deferred Compensation Plan has 0.12% invested in the company for 18,000 shares. Marshall Wace Llp, a United Kingdom-based fund reported 116,235 shares. Kbc Group Nv reported 8,659 shares or 0% of all its holdings. Tiaa Cref Invest Management Ltd Liability Corporation has invested 0.01% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Cornerstone Advsrs, a Washington-based fund reported 82 shares. The Missouri-based Enterprise Financial Svcs Corp has invested 0.01% in Murphy Oil Corporation (NYSE:MUR). Commonwealth Equity Svcs accumulated 0% or 11,105 shares. Babson Cap Mngmt Ltd Liability Company holds 0.02% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 29,233 shares. Mitsubishi Ufj And Bk, a Japan-based fund reported 328,067 shares. Toronto Dominion Bank has invested 0% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Tarbox Grp Inc owns 32 shares or 0% of their US portfolio. New York State Common Retirement Fund holds 0.03% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 540,153 shares.

Insider Transactions: Since May 10, 2016, the stock had 1 insider purchase, and 2 sales for $642,114 net activity. 36,803 Murphy Oil Corporation (NYSE:MUR) shares with value of $889,255 were bought by MURPHY ROBERT MADISON. $36,620 worth of shares were sold by GARDNER JOHN B on Monday, May 23. $210,521 worth of Murphy Oil Corporation (NYSE:MUR) was sold by MISNER ALLAN J. on Tuesday, May 10.

Murphy Oil Corporation is an oil and gas exploration and production company. The company has a market cap of $5.22 billion. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. It currently has negative earnings. The Company’s exploration and production activities are subdivided into four geographic divisions, including the United States, Canada, Malaysia and all other countries.

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