Yahoo Finance Murphy Oil's (MUR) Strong Portfolio & Cost Savings Bode Well
Murphy Oil Corporation’s MUR steady E&P and development activities in the United States as well as in other international locations, cost-saving initiatives and low-cost asset development are expected to boost its performance.
We recently issued an updated research report on this Zacks Rank #3 (Hold) company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The company has a trailing four-quarter positive earnings surprise of 31.98%, on average.
What’s Aiding the Stock?
Murphy Oil possesses one of the best upstream portfolios among the domestic oil and natural gas integrated companies as well as independent E&P group. The company is pursuing steady E&P and development activities in the United States and other international locations.
In the past several months, the company is trying to transform through acquisitions, divestitures and oil-weighted discoveries. Focus on development of high-margin liquid assets is evident from the production mix.
Moreover, it has a long history of increasing the value of its shareholders, courtesy of steady cash flows. Since 2012, Murphy Oil has returned $3.9 billion to shareholders through buybacks and dividend payouts. Consistent performance enabled the company to reward its shareholders through regular dividend payouts.
However, Murphy Oil operates in a highly-competitive environment which might hinder its profitability. Also, stringent regulations and unfavorable foreign currency conversion rates are near-term concerns for the company.
Price Performance
Shares of Murphy Oil have plunged 44.4% in the past 12 months compared with the industry’s 50.2% decline.
Stocks to Consider
A few better-ranked stocks from the same sector are Bloom Energy Corporation BE, Devon Energy Corporation DVN and Oasis Midstream Partners LP OMP. Oasis Midstream Partners LP sports a Zacks Rank #1, while Devon Energy and Bloom Energy hold a Zacks Rank #2 (Buy) at present.
Oasis Midstream Partners LP’s Zacks Consensus Estimate for 2020 earnings has remained unchanged over the past 30 days. It has a trailing four-quarter positive earnings surprise of 32.11%, on average.
The long-term earnings growth rate of Bloom Energy pegged at 25%. The company has a trailing four-quarter positive earnings surprise of 75.40%, on average.
Devon Energy’s long-term earnings growth rate is 4.11%. It has a trailing four-quarter positive earnings surprise of 60.57%, on average.
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Murphy Oil Corporation (MUR) : Free Stock Analysis Report
Devon Energy Corporation (DVN) : Free Stock Analysis Report
Oasis Midstream Partners LP (OMP) : Free Stock Analysis Report
Bloom Energy Corporation (BE) : Free Stock Analysis Report
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