Murphy Oil Corporation (MUR): Today's Featured Basic Materials Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 1.0%. By the end of trading, Murphy Oil Corporation rose $1.61 (2.5%) to $67.42 on heavy volume. Throughout the day, 2,254,395 shares of Murphy Oil Corporation exchanged hands as compared to its average daily volume of 1,279,500 shares. The stock ranged in a price between $65.99-$67.53 after having opened the day at $66.07 as compared to the previous trading day's close of $65.81. Other companies within the Basic Materials sector that increased today were:
(
), up 14.5%,
(
), up 13.4%,
(
), up 9.8% and
United States Antimony Corporation
(
), up 9.3%.
Murphy Oil Corporation engages in the exploration and production of oil and gas properties worldwide. It is also involved in oil and gas refining and marketing activities. The company explores for and produces crude oil, natural gas, and natural gas liquids. Murphy Oil Corporation has a market cap of $12.3 billion and is part of the energy industry. Shares are up 10.5% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Murphy Oil Corporation a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Murphy Oil Corporation
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Murphy Oil Corporation Ratings Report.
On the negative front,
(
), down 19.1%,
(
), down 12.8%,
(
), down 9.7% and
(
), down 8.7% , were all laggards within the basic materials sector with
(
) being today's basic materials sector laggard.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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