Bullish Case: MUR's recent Q1 EPS upgrade and strong financials, along with consistent institutional buying, present strong ground for steady growth amidst robust market performance highlighted in short-term bullish sentiments from analysts boosting stock value.


Bearish Case: Past decade’s underperformance paired with insider sales and potential market volatility spell risk. Latest price target reductions by analysts infuse uncertainty, projecting a volatile path forward for MUR.


Potential Outcomes:

1) 65% chance MUR prices ride analyst bullish sentiment short-term,

2) 20% chance insiders' selling impacts negatively,

3) 15% sectoral or macroeconomic shifts trigger higher volatility.


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April 19, 2024


Murphy Oil Forecast

MUR        Murphy Oil
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with MUR



NOG Forecast + Options Trading Strategies   [NOG]  Northern Oil and Gas (0.95)


XOP Forecast + Options Trading Strategies   [XOP]  SPDR Oil & Gas Exploration and Production (0.95)


MRO Forecast + Options Trading Strategies   [MRO]  Marathon Oil (0.93)


EOG Forecast + Options Trading Strategies   [EOG]  EOG Resources (0.92)


OIH Forecast + Options Trading Strategies   [OIH]  VanEck Vectors Oil Services (0.92)



Uncorrelated Stock Forecasts

Assets with little price relationship to MUR



PEG Forecast + Options Trading Strategies   [PEG]  Public Service Enterprise (0.0)


GS Forecast + Options Trading Strategies   [GS]  Goldman Sachs Group (0.0)


FIS Forecast + Options Trading Strategies   [FIS]  Fidelity National Information Services (-0.0)


ZM Forecast + Options Trading Strategies   [ZM]  Zoom Video Communications (-0.0)


OUST Forecast + Options Trading Strategies   [OUST]  Ouster (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against MUR



ARWR Forecast + Options Trading Strategies   [ARWR]  Arrowhead Pharmaceuticals (-0.76)


TGTX Forecast + Options Trading Strategies   [TGTX]  TG Therapeutics (-0.78)


LW Forecast + Options Trading Strategies   [LW]  Lamb Weston (-0.79)


ERY Forecast + Options Trading Strategies   [ERY]  Direxion Daily Energy Bear 2X Shares (-0.86)


DRIP Forecast + Options Trading Strategies   [DRIP]  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.93)





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