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Murphy Oil Corporation (MUR) Falls: Stock Goes Down 5%
January 31, 2014

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Murphy Oil Corporation (MUR - Free Report) saw a big move last session, as the company’s shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MUR, as the stock is now down over 11% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as this oil & gas exploration and production company has seen 5 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

MUR currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Some better-ranked stocks in the Oil and Energy sector include Pembina Pipeline Corporation (PBA - Free Report) , Canadian Solar Inc. (CSIQ - Free Report) and Marathon Petroleum Corporation (MPC - Free Report) . All these stocks carry a Zacks Rank #1 ( Strong Buy).  

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