With a current price of $8.78, Murphy Oil Corporation [NYSE:MUR] is active in the Oil & Gas E&P industry, with a 5-day price swing of -3.81%.
For the year, the stock is trading -67.99%, while, as a point of reference, the S&P 500 is trading 0.55% YTD. Other data to note on this name is a price per sales number of 0.49.
Wait and see
Holding a Market Cap of $1.30 billion, Murphy Oil Corporation has seen a trading range over the last year of $4.50-$28.12.
For the last five days, MUR is down from its last closing price. The average shares trading hands each day is 3.96M, with average 10-day volume coming in at 4.45 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for MUR. When we apply the Elder Force Index to Murphy Oil Corporation, we are seeing an Elder Force Indicator number of 182307.8.
The company’s enterprise value has gone from $5.49B to $4.05B quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, MUR made a profit of -374.14 million. Murphy Oil Corporation also saw quarter revenue growth year over year of 55.95%. In addition, the company has operating cash flow of $1.2 billion.
Looking at popular technical indicators, the company’s 5-day moving average is 8.60 compared to the 50-day moving average of 11.16. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. MUR currently holds a 9-day RSI of 36.31%, while 100-day RSI stands at 44.23%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. MUR’s 9-day MACD is -0.17 and the company’s 100-day MACD stands at -4.40.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 5.74% by insiders and 103.31% by institutions. Regarding institutional holdings, Capital International Investors owns 13.28%, while the second top holder, FMR, LLC, currently owns 12.60%.
Over the last six months, insiders have sold 1,600 with the most recent transaction from Mirosh Walentin, Director, with a sell at price 15.78 per share.
Overall, the recommended rating for MUR is Moderate Buy. Currently, the company has 15 analysts watching the stock, and the average quarterly earnings estimate is -0.15. Quarterly revenue estimates are averaging 477.33M with the high estimate reaching 515.3M and the low at 382M.