Murphy Oil Rises On Unusually High Volume (MUR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Murphy Oil Corporation (NYSE: MUR) is trading at unusually high volume Wednesday with 7.2 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $2.07 (+3.7%) at $57.97 as of 3:55 p.m. ET.

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Murphy Oil has a market cap of $10.68 billion and is part of the basic materials sector and energy industry. Shares are down 1.3% year to date as of the close of trading on Tuesday.

Murphy Oil Corporation, through its subsidiaries, engages in the exploration and production of oil and gas properties worldwide. It explores for and produces crude oil, natural gas, and natural gas liquids. The company has a P/E ratio of 13.2, above the average energy industry P/E ratio of 12.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Murphy Oil as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Murphy Oil Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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