Murphy Oil Corporation (MUR) Formed a Bearish Wedge Down, Could Be One of The Worst Performers Going Forward

July 17, 2017 - By Louis Casey

Investors sentiment decreased to 0.78 in Q4 2016. Its down 0.34, from 1.12 in 2016Q3. It dived, as 40 investors sold Murphy Oil Corporation shares while 127 reduced holdings. 44 funds opened positions while 86 raised stakes. 157.52 million shares or 1.44% less from 159.82 million shares in 2016Q3 were reported.
Benjamin F Edwards Inc invested in 0% or 960 shares. Bnp Paribas Arbitrage owns 26,592 shares for 0% of their portfolio. Next Financial Grp holds 30 shares or 0% of its portfolio. Henderson Gp Inc Public Limited reported 29,528 shares. Td Asset Mngmt reported 68,088 shares. 11,739 were accumulated by Hap Trading Ltd Limited Liability Company. Moreover, Nomura Asset Mngmt has 0.02% invested in Murphy Oil Corporation (NYSE:MUR). First Citizens State Bank And Trust invested in 0.04% or 11,988 shares. Dupont Management reported 0.16% in Murphy Oil Corporation (NYSE:MUR). Kings Point Capital holds 0.01% or 1,300 shares. Axa has 0.18% invested in Murphy Oil Corporation (NYSE:MUR). Sun Life Financial Inc accumulated 3 shares. The Connecticut-based Corecommodity Management Lc has invested 0.43% in Murphy Oil Corporation (NYSE:MUR). Advantus Mgmt Inc owns 16,132 shares. 1,880 were accumulated by Smith Asset Mgmt Group L P.

Since June 8, 2017, it had 0 insider buys, and 1 sale for $24,010 activity.

The stock of Murphy Oil Corporation (MUR) formed a down wedge with $23.38 target or 7.00 % below today’s $25.14 share price. The 6 months wedge indicates high risk for the $4.41B company. If the $23.38 price target is reached, the company will be worth $308.70M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

About 1.88 million shares traded. Murphy Oil Corporation (NYSE:MUR) has declined 8.71% since July 17, 2016 and is downtrending. It has underperformed by 25.41% the S&P500.

Investors wait Murphy Oil Corporation (NYSE:MUR) to report on July, 26. its quarterly earnings Wall Street analysts expect $0.05 EPS, up $0.41 or 113.89 % from last year’s $-0.36 same quarter earnings. This translates into $8.77 million profit for MUR giving the stock a 125.70 P/E. This is assuming the current $0.05 EPS is accurate. Murphy Oil Corporation’s Wall Street analysts see -183.33 % EPS growth, taking into account the $-0.06 EPS reproted in the previous quarter,

Murphy Oil Corporation (NYSE:MUR) Ratings Coverage

Among 11 analysts covering Murphy Oil Corporation (NYSE:MUR), 0 have Buy rating, 2 Sell and 9 Hold. Therefore 0 are positive. Murphy Oil Corporation had 28 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Neutral” rating by Credit Suisse on Wednesday, July 22. The rating was upgraded by UBS on Thursday, July 30 to “Neutral”. The stock has “Perform” rating by Oppenheimer on Friday, July 31. As per Wednesday, December 9, the company rating was initiated by JP Morgan. Barclays Capital downgraded the shares of MUR in report on Tuesday, July 11 to “Hold” rating. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Hold” rating by RBC Capital Markets on Friday, June 2. The company was downgraded on Tuesday, August 11 by Zacks. The rating was downgraded by Credit Suisse on Wednesday, December 7 to “Underperform”. The firm has “Market Perform” rating by Raymond James given on Monday, June 20. As per Tuesday, January 12, the company rating was maintained by Barclays Capital.

More recent Murphy Oil Corporation (NYSE:MUR) news were published by: Stockhouse.com which released: “Murphy Oil Corporation to Present at Upcoming Energy Conference” on June 20, 2017. Also Seekingalpha.com published the news titled: “Murphy Oil: High Upside Potential” on June 22, 2017. Seekingalpha.com‘s news article titled: “Cost Savings Ahead For Murphy Oil” with publication date: June 26, 2017 was also an interesting one.

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