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Murphy Oil (MUR) to Gain on Cost Savings, High-Margin Assets
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Murphy Oil Corporation’s (MUR - Free Report) cost-saving efforts and low-cost asset development act as tailwinds. Also, steady growth-driving activities in the United States and at international locations are expected to boost its existing businesses.
We recently issued an updated research report on this currently Zacks Rank #3 (Hold) company, which has a trailing four-quarter earnings surprise of 19.43%, on average.
What’s Driving the Stock?
Murphy Oil possesses one of the best upstream portfolios among the domestic oil and natural gas integrated companies and the independent E&P group. The company is regularly pursuing developmental endeavors in the United States and at other global sites. It undertook cost-containment measures, which led to a 40% decline in 2020 G&A expenses from the 2019 baseline.
Over the past several months, the company has been trying to transform its portfolio through strategic moves like acquisitions, divestitures and oil-weighted discoveries. Its focus on developing high-margin liquid assets is evident from its production mix. The company is maintaining a multi-basin portfolio of onshore and offshore assets for additional risk-reduction amid fluctuating prices.
Woes
However, Murphy Oil operates in a highly competitive environment, which might dent its profitability. Also, stringent regulations and unfavorable foreign currency conversion rates are its near-term concerns.
Price Performance
Shares of Murphy Oil have rallied 11.1% in the past three months, underperforming the industry’s 25.6% growth.
Devon Energy delivered an earnings surprise of 38.25%, on average, in the last four quarters. The company has a long-term (three-five years) earnings growth rate of 1.82%.
EOG Resources delivered an earnings surprise of 41.66%, on average, in the last four quarters. The company has a long-term earnings growth rate of 3.67%.
Matador Resources delivered an earnings surprise of 171.13%, on average, in the trailing four quarters. The Zacks Consensus Estimate for 2021 earnings has been revised 48.4% upward in the past 60 days.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
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Murphy Oil (MUR) to Gain on Cost Savings, High-Margin Assets
Murphy Oil Corporation’s (MUR - Free Report) cost-saving efforts and low-cost asset development act as tailwinds. Also, steady growth-driving activities in the United States and at international locations are expected to boost its existing businesses.
We recently issued an updated research report on this currently Zacks Rank #3 (Hold) company, which has a trailing four-quarter earnings surprise of 19.43%, on average.
What’s Driving the Stock?
Murphy Oil possesses one of the best upstream portfolios among the domestic oil and natural gas integrated companies and the independent E&P group. The company is regularly pursuing developmental endeavors in the United States and at other global sites. It undertook cost-containment measures, which led to a 40% decline in 2020 G&A expenses from the 2019 baseline.
Over the past several months, the company has been trying to transform its portfolio through strategic moves like acquisitions, divestitures and oil-weighted discoveries. Its focus on developing high-margin liquid assets is evident from its production mix. The company is maintaining a multi-basin portfolio of onshore and offshore assets for additional risk-reduction amid fluctuating prices.
Woes
However, Murphy Oil operates in a highly competitive environment, which might dent its profitability. Also, stringent regulations and unfavorable foreign currency conversion rates are its near-term concerns.
Price Performance
Shares of Murphy Oil have rallied 11.1% in the past three months, underperforming the industry’s 25.6% growth.
Stocks to Consider
A few better-ranked stocks in the same sector are Devon Energy Corporation (DVN - Free Report) , EOG Resources, Inc. (EOG - Free Report) and Matador Resources Company (MTDR - Free Report) , all sporting a Zacks Rank #1 (Strong Buy), currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Devon Energy delivered an earnings surprise of 38.25%, on average, in the last four quarters. The company has a long-term (three-five years) earnings growth rate of 1.82%.
EOG Resources delivered an earnings surprise of 41.66%, on average, in the last four quarters. The company has a long-term earnings growth rate of 3.67%.
Matador Resources delivered an earnings surprise of 171.13%, on average, in the trailing four quarters. The Zacks Consensus Estimate for 2021 earnings has been revised 48.4% upward in the past 60 days.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>