Stock of the Day: What Next for Murphy Oil Corporation Stock After Today’s Big Increase?

Stock of the Day: What Next for Murphy Oil Corporation Stock After Today's Big Increase?

The stock of Murphy Oil Corporation (NYSE:MUR) is a huge mover today! About 2.50M shares traded hands. Murphy Oil Corporation (NYSE:MUR) has declined 18.82% since April 27, 2016 and is downtrending. It has underperformed by 24.05% the S&P500.
The move comes after 5 months positive chart setup for the $5.80 billion company. It was reported on Nov, 30 by Barchart.com. We have $36.39 PT which if reached, will make NYSE:MUR worth $406.00M more.

Analysts await Murphy Oil Corporation (NYSE:MUR) to report earnings on January, 25. They expect $-0.14 EPS, up 81.58% or $0.62 from last year’s $-0.76 per share. After $-0.18 actual EPS reported by Murphy Oil Corporation for the previous quarter, Wall Street now forecasts -22.22% 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. Murphy Oil Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Wednesday, July 22, the company rating was upgraded by Credit Suisse. The firm earned “Sector Perform” rating on Friday, July 31 by RBC Capital Markets. The stock of Murphy Oil Corporation (NYSE:MUR) has “Equal Weight” rating given on Tuesday, January 12 by Barclays Capital. The stock has “Sector Perform” rating given by Iberia Capital Partners on Friday, February 12. The firm has “Buy” rating given on Tuesday, August 11 by Zacks. The company was upgraded on Thursday, July 30 by UBS. On Monday, June 20 the stock rating was upgraded by Raymond James to “Market Perform”. The rating was initiated by JP Morgan with “Neutral” on Wednesday, December 9. The firm earned “Underperform” rating on Tuesday, December 15 by Credit Agricole. Barclays Capital upgraded the shares of MUR in a report on Wednesday, July 13 to “Overweight” rating.

According to Zacks Investment Research, “Murphy Oil Corporation is a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom and crude oil transportation and trading operations in Canada.”

Insitutional Activity: The institutional sentiment increased to 1.12 in Q2 2016. Its up 0.17, from 0.95 in 2016Q1. The ratio increased, 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.
Sunbelt Secs has 0% invested in the company for 240 shares. Morgan Stanley accumulated 0% or 91,748 shares. Central Corp last reported 1.7% of its portfolio in the stock. Price T Rowe Assocs Md, a Maryland-based fund reported 9.76 million shares. Jefferies Grp Ltd Limited Liability Company owns 616 shares or 0% of their US portfolio. Robeco Institutional Asset Management Bv last reported 6,844 shares in the company. Ajo L P last reported 0.24% of its portfolio in the stock. Pnc Fincl Serv Group accumulated 62,905 shares or 0% of the stock. Old Republic Corp has 0.67% invested in the company for 475,000 shares. The New York-based Guardian Life Ins Of America has invested 0% in Murphy Oil Corporation (NYSE:MUR). Umb National Bank & Trust N A Mo accumulated 14,250 shares or 0.02% of the stock. Paradigm Asset Mngmt Co Limited last reported 11,150 shares in the company. Davenport & Ltd Liability Corporation has 0% invested in the company for 7,211 shares. Sumitomo Mitsui Asset Management Limited last reported 0.01% of its portfolio in the stock. Petrus Lta last reported 0.1% of its portfolio in the stock.

Insider Transactions: Since August 8, 2016, the stock had 1 insider purchase, and 0 selling transactions for $889,255 net activity. On Monday, August 8 the insider MURPHY ROBERT MADISON bought $889,255.

Another recent and important Murphy Oil Corporation (NYSE:MUR) news was published by Seekingalpha.com which published an article titled: “Time For Murphy Oil Management To Produce” on November 28, 2016.

MUR Company Profile

Murphy Oil Corporation, incorporated on June 29, 1964, is an gas and oil exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. The Company’s exploration and production activities are subdivided into four geographic divisions, including the United States, Canada, Malaysia and all other countries. The Company’s principal exploration and production activities are conducted in the United States by Murphy Exploration & Production Company-USA (Murphy Expro USA), in Malaysia, Australia, Brunei, Vietnam, and Namibia by Murphy Exploration & Production Company-International (Murphy Expro International) and its subsidiaries, and in Western Canada and offshore Eastern Canada by Murphy Oil Company Ltd. (MOCL) and its subsidiaries. The Company’s crude oil, condensate and natural gas liquids production averages to approximately 136,634 barrels per day.

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