We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Murphy USA (MUSA) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Murphy USA (MUSA - Free Report) closed at $260.05 in the latest trading session, marking a -0.82% move from the prior day. This change lagged the S&P 500's 0.76% loss on the day. Meanwhile, the Dow lost 0.76%, and the Nasdaq, a tech-heavy index, lost 10.92%.
Prior to today's trading, shares of the gasoline station operator had lost 10.9% over the past month. This has lagged the Oils-Energy sector's gain of 5.16% and the S&P 500's gain of 2.18% in that time.
Investors will be hoping for strength from Murphy USA as it approaches its next earnings release, which is expected to be February 1, 2023. On that day, Murphy USA is projected to report earnings of $3.67 per share, which would represent a year-over-year decline of 13.24%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.65 billion, up 18.54% from the year-ago period.
Any recent changes to analyst estimates for Murphy USA should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Murphy USA is currently a Zacks Rank #1 (Strong Buy).
Investors should also note Murphy USA's current valuation metrics, including its Forward P/E ratio of 14.74. Its industry sports an average Forward P/E of 8.18, so we one might conclude that Murphy USA is trading at a premium comparatively.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 70, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Murphy USA (MUSA) Dips More Than Broader Markets: What You Should Know
Murphy USA (MUSA - Free Report) closed at $260.05 in the latest trading session, marking a -0.82% move from the prior day. This change lagged the S&P 500's 0.76% loss on the day. Meanwhile, the Dow lost 0.76%, and the Nasdaq, a tech-heavy index, lost 10.92%.
Prior to today's trading, shares of the gasoline station operator had lost 10.9% over the past month. This has lagged the Oils-Energy sector's gain of 5.16% and the S&P 500's gain of 2.18% in that time.
Investors will be hoping for strength from Murphy USA as it approaches its next earnings release, which is expected to be February 1, 2023. On that day, Murphy USA is projected to report earnings of $3.67 per share, which would represent a year-over-year decline of 13.24%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.65 billion, up 18.54% from the year-ago period.
Any recent changes to analyst estimates for Murphy USA should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Murphy USA is currently a Zacks Rank #1 (Strong Buy).
Investors should also note Murphy USA's current valuation metrics, including its Forward P/E ratio of 14.74. Its industry sports an average Forward P/E of 8.18, so we one might conclude that Murphy USA is trading at a premium comparatively.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 70, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.