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Murphy Oil (MUR) Gains From Cost Savings, High-Margin Assets
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Murphy Oil Corporation’s (MUR - Free Report) efforts to trim costs and its low-cost asset development are aiding the stock’s growth. Also, its steady advancement activities are likely to enhance 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 50.23%, 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 17.7% in the past month, outperforming the industry’s 11.2% growth.
One Month Price Performance
Image Source: Zacks Investment Research
Stocks to Consider
A few better-ranked stocks in the same industry are Callon Petroleum Company , Gulfport Energy Corporation and Oasis Petroleum Inc. , all sporting a Zacks Rank #1 (Strong Buy), currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Callon Petroleum, Gulfport Energy and Oasis Petroleum delivered an earnings surprise of 171.5%, 404.8% and 88.7%, respectively, on average, in the last four quarters.
The Zacks Consensus Estimate for 2021 earnings of Callon Petroleum, Gulfport Energy and Oasis Petroleum has been revised 0.2%, 1,254.5% and 525.1% upward in the past 60 days, respectively.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Image: Bigstock
Murphy Oil (MUR) Gains From Cost Savings, High-Margin Assets
Murphy Oil Corporation’s (MUR - Free Report) efforts to trim costs and its low-cost asset development are aiding the stock’s growth. Also, its steady advancement activities are likely to enhance 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 50.23%, 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 17.7% in the past month, outperforming the industry’s 11.2% growth.
One Month Price Performance
Image Source: Zacks Investment Research
Stocks to Consider
A few better-ranked stocks in the same industry are Callon Petroleum Company , Gulfport Energy Corporation and Oasis Petroleum Inc. , all sporting a Zacks Rank #1 (Strong Buy), currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Callon Petroleum, Gulfport Energy and Oasis Petroleum delivered an earnings surprise of 171.5%, 404.8% and 88.7%, respectively, on average, in the last four quarters.
The Zacks Consensus Estimate for 2021 earnings of Callon Petroleum, Gulfport Energy and Oasis Petroleum has been revised 0.2%, 1,254.5% and 525.1% upward in the past 60 days, respectively.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>