MUR Stock Summary and Trading Ideas (Murphy Oil | NYSE:MUR)

Murphy Oil is an oil and gas exploration and production company, with both onshore and offshore operations and properties. It operates in two geographic reportable segments the United States and Canada. It generates the majority of its revenue form the United States.

Murphy Oil trades on the NYSE stock market under the symbol MUR.

As of April 19, 2024, MUR stock price climbed to $45.99 with 1,166,221 million shares trading.

MUR has a beta of 0.44, meaning it tends to be less sensitive to market movements. MUR has a correlation of 0.04 to the broad based SPY ETF.

MUR has a market cap of $7.02 billion. This is considered a Mid Cap stock.

Last quarter Murphy Oil reported $844 million in Revenue and $.90 earnings per share. This fell short of revenue expectation by $-12 million and missed earnings estimates by -$.10.

In the last 3 years, MUR stock traded as high as $51.29 and as low as $14.91.

The top ETF exchange traded funds that MUR belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

MUR has outperformed the market in the last year with a return of +24.0%, while the SPY ETF gained +21.2%. In the last 3 month period, MUR beat the market returning +22.6%, while SPY returned +3.0%. However, in the most recent 2 weeks MUR has underperformed the stock market by returning -6.1%, while SPY returned -4.5%.

MUR support price is $44.54 and resistance is $45.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MUR stock will trade within this expected range on the day.