MUR Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: An increase in production potential coupled with strong analyst sentiment leads to upward pricing momentum for MUR, supported by a favorable options environment and a stable financial outlook, indicating a higher chance of positive price movement.




Bearish Case: Insider selling and fluctuating market conditions may trigger downward pressure on MUR’s stock price, compounded by high volatility levels reflected in the options market, posing risks for short-term investors.




Potential Outcomes:

1) 60% chance of price increase from production boosts;

2) 25% chance of declines due to insider sales;

3) 15% chance of severe market volatility negatively influencing stock prices.




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November 17, 2024


Murphy Oil Forecast

MUR        Murphy Oil











Correlated Assets

Assets that tend to move strongly with MUR



OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.95)


OXM Forecast + Options Trading Strategies   OXM  Oxford Industries (0.92)


LYB Forecast + Options Trading Strategies   LYB  LyondellBasell Industries (0.89)


RIG Forecast + Options Trading Strategies   RIG  Transocean (0.89)


PTEN Forecast + Options Trading Strategies   PTEN  Patterson-UTI Energy (0.88)



Uncorrelated Assets

Assets with little price relationship to MUR



ASPN Forecast + Options Trading Strategies   ASPN  Aspen Aerogels (0.0)


MPW Forecast + Options Trading Strategies   MPW  Medical Properties (0.0)


BE Forecast + Options Trading Strategies   BE  Bloom Energy (0.01)


SRPT Forecast + Options Trading Strategies   SRPT  Sarepta Therapeutics (0.01)


GTLB Forecast + Options Trading Strategies   GTLB  Gitlab (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against MUR



VRNA Forecast + Options Trading Strategies   VRNA  Verona Pharma (-0.81)


FOUR Forecast + Options Trading Strategies   FOUR  Shift4 Payments (-0.81)


INFY Forecast + Options Trading Strategies   INFY  Infosys (-0.83)


PANW Forecast + Options Trading Strategies   PANW  Palo Alto Networks (-0.84)


COMM Forecast + Options Trading Strategies   COMM  CommScope (-0.84)









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