Murphy Oil Corporation    

Murphy Oil Corporation (NYSE: MUR) is an independent company focused on oil and gas exploration and production, operating both onshore and offshore. Its geographic segments include the United States, Canada, and other countries. The company primarily produces crude oil, natural gas, and natural gas liquids in the U.S. and Canada, and it explores for these resources in specific global regions. In the U.S., production mainly occurs in the Gulf of Mexico and the Eagle Ford Shale in South Texas. This Report covers the Key Financial Metrics, Risks, and Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock. 

Section 1.0: Key Metrics in Pictures

Having looked at the key financial metrics above, the below sections provide an in-depth fundamental and technical analysis on a Energy Stock along with recommendations, technical support and resistance levels and indicative stop-loss.

Section 2.0: Murphy Oil Corporation (NYSE: MUR) (Buy at USD 35.99, current market as of 04 October 2024 at 07:15 AM PDT)

2.1 Company Details

2.2 Valuation and Technical Guidance

Please note markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 04 October 2024 at 07:15 AM PDT. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and/ or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 6: Dividend Yield may vary as per the stock price movement.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.