Murphy Oil Stock (NYSE:MUR), Trade Ideas

Murphy Oil

Murphy Oil is an oil and gas exploration and production company, with both onshore and offshore operations and properties. It operates in two geographic reportable segments the United States and Canada. It generates the majority of its revenue form the United States.

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Murphy Oil reported lower Q4 earnings and revenues, with production in-line with guidance. The company plans reaching its long-term debt goal of $1.0 billion while continuing dividend increases and share repurchases.

Why Murphy Oil Shares Are Down Despite Dividend Boost

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MURRAY INTL TR PLC by Murray International Trust Plc

<p><strong>Murphy Oil's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) short percent of float has fallen 10.54% since its last report. The company recently reported that it has <strong>6.68 million shares sold short</strong>, which is 6.28% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 4.28 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Murphy Oil Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713904215_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Murphy Oil has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Murphy Oil's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Murphy Oil's peer group average for short interest as a percentage of float is 6.88%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

(MUR) - Analyzing Murphy Oil's Short Interest

<p>Keybanc  analyst Tim Rezvan   maintains Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) with a Overweight and raises the price target from $50 to $54.</p>


Keybanc Maintains Overweight on Murphy Oil, Raises Price Target to $54

<p>Piper Sandler  analyst Mark Lear   maintains Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) with a Overweight and raises the price target from $49 to $55.</p>


Piper Sandler Maintains Overweight on Murphy Oil, Raises Price Target to $55

<p>Mizuho  analyst William Janela   maintains Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) with a Buy and raises the price target from $53 to $55.</p>


Mizuho Maintains Buy on Murphy Oil, Raises Price Target to $55

<p>Scotiabank  analyst Paul Cheng   downgrades Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) from Sector Outperform to Sector Perform and raises the price target from $46 to $50.</p>


Downgrades

Scotiabank Downgrades Murphy Oil to Sector Perform, Raises Price Target to $50

<p>In the preceding three months, 7 analysts have released ratings for Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>), presenting a wide array of perspectives from bullish to bearish.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $51.43, a high estimate of $59.00, and a low estimate of $43.00. Highlighting a 0.46% decrease, the current average has fallen from the previous average price target of $51.67. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712772062_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive Murphy Oil. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$54.00</td>
<td>-</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$59.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Arun Jayaram</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$52.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>William Janela</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$53.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$49.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$43.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$50.00</td>
<td>$56.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Murphy Oil. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Murphy Oil compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts navigate through adjustments in price targets, providing estimates for Murphy Oil's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>To gain a panoramic view of Murphy Oil's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/MUR/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Murphy Oil analyst ratings.</strong></a></p>
<h2>Delving into Murphy Oil's Background</h2>
<p>Murphy Oil is an oil and gas exploration and production company, with both onshore and offshore operations and properties. It operates in two geographic reportable segments the United States and Canada. It generates the majority of its revenue form the United States.</p>
<h3>Financial Milestones: Murphy Oil's Journey</h3>
<p><strong>Market Capitalization Analysis:</strong> Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Negative Revenue Trend:</strong> Examining Murphy Oil's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately <strong>-14.59%</strong> in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.</p>
<p><strong>Net Margin:</strong> Murphy Oil's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of <strong>13.81%,</strong> the company may encounter challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Murphy Oil's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of <strong>2.17%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> Murphy Oil's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of <strong>1.18%,</strong> the company may face hurdles in generating optimal returns from its assets.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.39</strong>.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Deep Dive Into Murphy Oil Stock: Analyst Perspectives (7 Ratings)

<p>Barclays  analyst Betty Jiang   initiates coverage on Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) with a Equal-Weight rating and announces Price Target of $54.</p>


Initiation

Barclays Initiates Coverage On Murphy Oil with Equal-Weight Rating, Announces Price Target of $54

<p>Truist Securities  analyst Neal Dingmann   maintains Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) with a Buy and raises the price target from $58 to $59.</p>


Truist Securities Maintains Buy on Murphy Oil, Raises Price Target to $59

<p>JP Morgan  analyst Arun Jayaram   maintains Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) with a Overweight and raises the price target from $51 to $52.</p>


JP Morgan Maintains Overweight on Murphy Oil, Raises Price Target to $52

<p><strong>Murphy Oil's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) short percent of float has fallen 20.5% since its last report. The company recently reported that it has <strong>7.46 million shares sold short</strong>, which is 7.02% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 3.07 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Murphy Oil Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1711738822_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Murphy Oil has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Murphy Oil's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Murphy Oil's peer group average for short interest as a percentage of float is 6.49%, which means the company has <strong>more</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


How Is The Market Feeling About Murphy Oil?

<p>Throughout the last three months, 5 analysts have evaluated Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>), offering a diverse set of opinions from bullish to bearish.</p>
<p>In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have recently evaluated Murphy Oil and provided 12-month price targets. The average target is $49.0, accompanied by a high estimate of $53.00 and a low estimate of $43.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 3.54%. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1711029649_0.png" alt="price target chart" /></p>
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
<p>A comprehensive examination of how financial experts perceive Murphy Oil is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>William Janela</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$53.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$49.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$43.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$50.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Tim Rezvan</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$50.00</td>
<td>$53.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Murphy Oil. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Murphy Oil compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts navigate through adjustments in price targets, providing estimates for Murphy Oil's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Murphy Oil's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/MUR/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Murphy Oil analyst ratings.</strong></a></p>
<h2>Get to Know Murphy Oil Better</h2>
<p>Murphy Oil is an oil and gas exploration and production company, with both onshore and offshore operations and properties. It operates in two geographic reportable segments the United States and Canada. It generates the majority of its revenue form the United States.</p>
<h3>Breaking Down Murphy Oil's Financial Performance</h3>
<p><strong>Market Capitalization Analysis:</strong> Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Murphy Oil's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately <strong>-14.59%</strong>. This indicates a decrease in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> Murphy Oil's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of <strong>13.81%,</strong> the company may encounter challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Murphy Oil's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of <strong>2.17%,</strong> the company may face hurdles in generating optimal returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>1.18%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.39</strong>.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Expectations For Murphy Oil's Future

<p>Mizuho  analyst William Janela   reiterates Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) with a Buy and raises the price target from $50 to $53.</p>


Reiteration

Mizuho Reiterates Buy on Murphy Oil, Raises Price Target to $53

<p>The Nasdaq 100 closed higher by over 1.5% on Thursday. Investors, meanwhile, focused on some notable insider trades.</p>
<p>When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.</p>
<p>Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"><em> Benzinga&#39;s insider transactions </em></a> platform.</p>
<h3><strong>Air Lease </strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> Air Lease Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/al#NYSE">AL</a>) EVP Alex A Khatibi <a href="https://www.benzinga.com/sec/insider-trades/"><em> sold a total of 11,198 shares </em></a> at an average price of $43.11. The insider received around $482,740 from selling those shares.</li>
<li><strong>What&rsquo;s Happening:</strong> On Feb. 27, Air Lease secured a long-term deal with Thai Airways for three Boeing 787-9s.</li>
<li><strong>What Air Lease Does:</strong> Air Lease Corp is an aircraft leasing company based in the United States.</li>
</ul>
<p><em>Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> </em></p>
<h3><strong>Murphy Oil</strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> Murphy Oil Corporation </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mur#NYSE">MUR</a>) Vice President John B Gardner <a href="https://www.benzinga.com/sec/insider-trades/"><em> sold a total of 40,000 shares </em></a> at an average price of $40.82. The insider received around 1.63 million from selling those shares.</li>
<li><strong>What&rsquo;s Happening:</strong> On Feb. 7, Murphy Oil appointed Eric M. Hambly to the role of President and COO.</li>
<li><strong>What Murphy Oil Does:</strong> Murphy Oil is an oil and gas exploration and production company, with both onshore and offshore operations and properties. It operates in two geographic reportable segments the United States and Canada.</li>
</ul>
<h3><strong>Robinhood Markets </strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> Robinhood Markets, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) Chief Legal Officer Daniel Martin Gallagher Jr <a href="https://www.benzinga.com/sec/insider-trades/"><em> sold a total of 12,500 shares </em></a> at an average price of $15.90. The insider received around $198,795 from selling those shares.</li>
<li><strong>What&rsquo;s Happening:</strong> On Feb. 13, Robinhood reported better-than-expected fourth-quarter financial results.</li>
<li><strong>What Robinhood Does:</strong> Robinhood Markets Inc is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology.</li>
</ul>
<h3><strong>Cisco Systems </strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> Cisco Systems, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>) EVP and Chief Legal Officer Deborah L Stahlkopf <a href="https://www.benzinga.com/sec/insider-trades/"><em> sold a total of 9,100 shares </em></a> at an average price of $48.86. The insider received around $444,636 from selling those shares.</li>
<li><strong>What&rsquo;s Happening:</strong> BBVA and Cisco have deepened their strategic alliance to accelerate digital transformation and foster innovation.</li>
<li><strong>What Cisco Does:</strong> Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world.</li>
</ul>
<p>&nbsp;</p>
<p>Check This Out: <a href="https://www.benzinga.com/news/24/03/37554783/aersale-posts-downbeat-results-joins-costco-mongodb-and-other-big-stocks-moving-lower-in-fridays-pre"><em> AerSale Posts Downbeat Results, Joins Costco, MongoDB And Other Big Stocks Moving Lower In Friday&#39;s Pre-Market Session </em></a></p>


<p>During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"><em> high dividend payout. </em></a></p>
<p>Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings" target="_blank">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including&nbsp;by analyst accuracy. Here&#39;s a look at the most recent high-yield dividend&nbsp;stock ratings from the most accurate Wall Street analysts, according to Benzinga&#39;s&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock&nbsp;</a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Ratings</a>.</p>
<p>Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.</p>
<h3><strong>HF Sinclair Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dino#NYSE">DINO</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 3.02%</li>
<li><strong>Piper Sandler</strong> analyst Ryan Todd maintained an Overweight rating and cut the price target from $73 to $65 on Oct. 9, 2023. This analyst has an accuracy rate of 76%.</li>
<li><strong>BMO Capital</strong> analyst Phillip Jungwirth initiated coverage on the stock with an Outperform rating and a price target of $65 on Oct. 5, 2023. This analyst has an accuracy rate of 71%.</li>
<li><strong>Recent News:</strong> HF Sinclair, said on Feb. 8, that it entered into a stock purchase agreement with REH Company.</li>
</ul>
<h3><strong>Murphy Oil Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mur#NYSE">MUR</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 3.17%</li>
<li><strong>Piper Sandler</strong> analyst Mark Lear maintained an Overweight rating and lowered the price target from $50 to $49 on Jan. 30, 2024. This analyst has an accuracy rate of 64%.</li>
<li><strong>Mizuho</strong> analyst Vincent Lovaglio maintained a Buy rating and raised the price target from $51 to $53 on Sept. 18, 2023. This analyst has an accuracy rate of 62%.</li>
<li><strong>Recent News:</strong> Murphy Oil appointed Eric M. Hambly to the role of President and COO.</li>
</ul>
<h3><strong>Chord Energy Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrd#NASDAQ">CHRD</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 7.61%</li>
<li><strong>RBC Capital</strong> analyst Scott Hanold reiterated an Outperform rating with a price target of $180 on Nov. 21, 2023. This analyst has an accuracy rate of 67%.</li>
<li><strong>Piper Sandler</strong> analyst Mark Lear maintained an Overweight rating and boosted the price target from $206 to $209 on Nov. 16, 2023. This analyst has an accuracy rate of 64%.</li>
<li><strong>Recent News:</strong> Chord Energy appointed Susan Cunningham as Independent Chair of Board of Directors, effective Jan. 1, 2024. The company also named Darrin Henke as Executive Vice President and COO, effective Jan. 2, 2024.</li>
</ul>
<p>&nbsp;</p>
<p>Read More: <a href="https://www.benzinga.com/news/24/02/37031567/alphabet-visa-and-2-other-stocks-insiders-are-selling"><em> Alphabet, Visa And 2 Other Stocks Insiders Are Selling</em></a></p>


These 3 Energy Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

Management

Murphy Oil Appoints Eric M. Hambly To The Role Of President And COO, Effective February 1, 2024

<p>Analysts' ratings for Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) over the last quarter vary from bullish to bearish, as provided by 6 analysts.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $50.17, along with a high estimate of $57.00 and a low estimate of $43.00. Observing a downward trend, the current average is 2.01% lower than the prior average price target of $51.20. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1706551252_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>An in-depth analysis of recent analyst actions unveils how financial experts perceive Murphy Oil. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$43.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$50.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Tim Rezvan</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$50.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$45.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$57.00</td>
<td>-</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$56.00</td>
<td>$52.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Murphy Oil. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Murphy Oil compared to the broader market.</li>
<li><strong>Price Targets:</strong> Gaining insights, analysts provide estimates for the future value of Murphy Oil's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Murphy Oil's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/MUR/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Murphy Oil analyst ratings.</strong></a></p>
<h2>Delving into Murphy Oil's Background</h2>
<p>Murphy Oil is an independent exploration and production company developing unconventional resources in the United States and Canada. At the end of 2022, the company reported net proved reserves of 697 million barrels of oil equivalent. Consolidated 62% oil and natural gas liquids and 38% natural gas.</p>
<h3>Financial Milestones: Murphy Oil's Journey</h3>
<p><strong>Market Capitalization Analysis:</strong> Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Murphy Oil's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately <strong>-11.69%</strong>. This indicates a decrease in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of <strong>13.81%,</strong> the company may need to address challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Murphy Oil's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of <strong>2.17%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Return on Assets (ROA):</strong> Murphy Oil's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of <strong>1.18%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Debt Management:</strong> Murphy Oil's debt-to-equity ratio is below the industry average. With a ratio of <b>0.39</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Assessing Murphy Oil: Insights From 6 Financial Analysts

<p>UBS  analyst Josh Silverstein   maintains Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) with a Neutral and lowers the price target from $45 to $43.</p>


UBS Maintains Neutral on Murphy Oil, Lowers Price Target to $43

<p><strong>Murphy Oil Corp&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) shares are trading lower after it reported fourth-quarter adjusted EPS of $0.90, lower than $1.10 a year ago, missing&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/01/b36775431/murphy-oil-corporation-announces-fourth-quarter-and-full-year-2023-results-preliminary-year-end-20" rel="noreferrer noopener">the consensus of $0.99</a>.</p>
<p>Revenues of $844.2 million missed the consensus <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">of $856.0 million</a>. Production averaged 185 MBOEPD (up from 174 MBOEPD a year ago), comprising oil volumes of 94 MBOPD in the quarter.  </p>
<p>Production was in-line with guidance, with slightly lower Gulf of Mexico and Eagle Ford Shale production partly offset by lower realized royalty rates in the Tupper Montney asset.</p>
<p>Adjusted earnings before interest, tax, depreciation, amortization, and exploration expenses (EBITDAX) stood at $496 million, down from $504 million a year ago.&nbsp;</p>
<p>Accrued capital expenditures for fourth quarter stood at $219 million, excluding NCI and acquisition-related CAPEX. Cash and equivalents stood at $317 million, and total debt of $1.3 billion at the end of 2023.</p>
<p><strong>Dividend</strong>: The company increased a quarterly cash dividend by 10% to $0.275 per share in the fourth quarter, or $1.10 annually.</p>
<p>Subsequent to quarter end, the company disclosed an additional 9% increase in the quarterly cash dividend to $0.30 per share, or $1.20 per share annualized for 2024. The dividend is payable on March 4, 2024, to stockholders of record <a href="https://www.benzinga.com/pressreleases/24/01/b36775356/murphy-oil-corporation-announces-quarterly-dividend" target="_blank" rel="noreferrer noopener">as of February 20, 2024</a>.</p>
<p><a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"><strong>FY24 Outlook</strong></a>: Murphy expects total net production of 180 to 188 MBOEPD and capital expenditure of $920 million to $1.02 billion.</p>
<p><strong>Q1 FY24 Outlook</strong>: The company expects net production of 163 to 171 MBOEPD, with 89 MBOPD of oil volumes.</p>
<p>Roger W. Jenkins, President and Chief Executive Officer, said, &#8220;We had a strong year of production and excellent execution, generating ample free cash flow to advance our capital allocation framework. This allowed us to return $150 million to shareholders through buybacks and retire $500 million of debt, resulting in a nearly 60 percent decrease in debt since year-end 2020.&#8221;</p>
<p>&#8220;Our ongoing financial stewardship has given us momentum going into 2024, beginning with an increase to our longstanding dividend and restoring it to its 2016 level.&#8221;</p>
<p><strong>Price Action</strong>: MUR shares are trading lower by 2.55% at $37.43 on the last check Thursday.</p>


Commodities

General

Murphy Oil's Production For First Quarter Of 2024 Is Estimated To Be In The Range Of 163-171 MBOEPD With 89 MBOPD, Or 53%, Oil Volumes

Murphy Oil's 2024 Capex Plan Is Expected To Be In The Range Of $920M-$1.02B. FY 2024 Production Is Expected To Be In The Range Of 180-188 MBOEPD, Consisting Of Approximately 96 MBOPD Oil And 106 MBOEPD Liquids Volumes

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>After closing out 2023 with a 15.1% gain, the Russell 2000 looks even better this year in the new year. In fact, since Jan. 2, the index is up about 4% year to date, and could push even higher, taking some of the most undervalued Russell 2000 stocks along for the ride.</p>



<p><a href="https://www.investing.com/news/stock-market-news/russell-2000-outlook-for-2024-as-per-goldman-sachs-432SI-3270217">According to Goldman Sachs</a>, the Russell 2000 Index could return about 9% in the first six months of the year, and about 15% in the next 12 months. All thanks to low valuations, and an improving economic outlook.&nbsp;<a href="https://www.investing.com/news/stock-market-news/russell-2000-outlook-for-2024-as-per-goldman-sachs-432SI-3270217">As noted by Investing.com</a>, &ldquo;The strategists highlight that small-caps are currently trading at low valuations relative to historical levels, as indicated by the Russell 2000 price-to-book multiple. The primary driver of small-cap returns is expected to be US economic growth.&rdquo;</p>



<p>That being said, let&rsquo;s take a look back at some of the most undervalued Russell 2000 stocks to buy and hold for March 2024. </p>



<p>All of which should benefit from higher highs in the index.</p>



<h2><strong>Arrowhead Pharmaceuticals (ARWR)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/pill-bottle-biopharma-biotech-1600-300x169.jpg" alt="Brown glass pill bottle on its side showing white pills inside, with other pill bottles behind it representing MACK stock."><div>Source: shutterstock.com/Champhei</div></div><p>The last time I mentioned&nbsp;<strong>Arrowhead Pharmaceuticals</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/arwr-stock-quote/"><strong>ARWR</strong></a>), I noted that, &ldquo;While it recently fell after earnings fell short of expectations, keep an eye on the stock. The company is working with an&nbsp;<a href="https://finance.yahoo.com/news/bank-america-says-3-healthcare-103705085.html">RNAi mechanism</a>&nbsp;to develop treatments for rare and, or not easily controlled diseases that have resisted treatment.&rdquo;&nbsp;<a href="https://investorplace.com/2024/02/7-oversold-russell-2000-stocks-to-add-to-your-february-buy-list/">That was on Feb. 26, as ARWR traded at $28.53</a>.</p>



<p>Today, the stock is up to $33.45 and could push even higher. For one, there&rsquo;s speculation,&nbsp;<a href="https://seekingalpha.com/news/4073326-arrowhead-pharmaceuticals-jumps-amid-takeover-speculation">ARWR could be a potential acquisition target</a>. Two, at the moment, the company is developing about&nbsp;<a href="https://arrowheadpharma.com/pipeline/">14 different investigational medicines</a>&nbsp;for ailments such as cardiovascular disease, idiopathic pulmonary fibrosis, and Hepatitis B, for example.</p>



<p>But what makes things even more exciting for Arrowhead, one of the most undervalued Russell 2000 stocks,&nbsp;is that,&nbsp;<a href="https://www.acumenresearchandconsulting.com/drug-discovery-market">according to Acumen Research and Consulting</a>, the global drug development market could be worth $181.4 billion by 2032. That could be significant for this undervalued $4.14 billion stock moving forward.</p>



<h2><strong>Murphy Oil (MUR)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/mur_murphy_oil_1600-300x169.png" alt="Murphy Oil (MUR) logo on the website homepage."><div>Source: Casimiro PT / Shutterstock.com</div></div><p>I also mentioned&nbsp;<strong>Murphy Oil</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/mur-stock-quote/"><strong>MUR</strong></a>) at the time, noting, &ldquo;While we wait for MUR to recover, we can collect its 3.04% yield. It just<strong>&nbsp;</strong>declared a&nbsp;<a href="https://ir.murphyoilcorp.com/news-releases/news-release-details/murphy-oil-corporation-announces-quarterly-dividend-2#:~:text=HOUSTON%20%2D%2D(BUSINESS%20WIRE)%2D%2D,share%20on%20an%20annualized%20basis.">quarterly cash dividend of 30 cents a share</a>, or $1.20 annualized. That&rsquo;s payable on March 4 to shareholders of record as of Feb. 20.&rdquo;</p>



<p><a href="https://investorplace.com/2024/02/7-oversold-russell-2000-stocks-to-add-to-your-february-buy-list/">That was also on Feb. 26</a>, as Murphy traded at around $39. Today, it&rsquo;s up to $41.12, and it&rsquo;s still undervalued. But I see it pushing aggressively higher. From its current price, I&rsquo;d like to see the stock rally back to $44 initially. Then, if it can break above resistance there, it could go to $48.</p>



<p><a href="https://ir.murphyoilcorp.com/news-releases/news-release-details/murphy-oil-corporation-announces-fourth-quarter-and-full-year-4">According to President and CEO, Roger Jenkins</a>, the company had a successful year of production and execution, generating ample free cash flow, and returning about $150 million to&nbsp;shareholders through buybacks and retired $500 million of debt. </p>



<p>And, at the moment, the company still has about $450 million remaining under its share buyback plan. Jenkins added that, &ldquo;Our ongoing financial stewardship has given us momentum going into 2024, beginning with an increase to our longstanding dividend and restoring it to its 2016 level.&rdquo;</p>



<h2><strong>Duolingo Inc. (DUOL)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/duol-stock-1-300x169.jpg" alt="The Duolingo (DUOL) logo on a smartphone screen with a map in the background."><div>Source: DANIEL CONSTANTE / Shutterstock.com</div></div><p>The most explosive pick from Feb. 26 was&nbsp;<strong>Duolingo</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/duol-stock-quote/"><strong>DUOL</strong></a>). And I still believe it could push even higher.</p>



<p><a href="https://investorplace.com/2024/02/7-oversold-russell-2000-stocks-to-add-to-your-february-buy-list/">At the time, it traded around $177, and I noted</a>, &ldquo;After rallying from a 2023 low of $69 to a high of $245,&nbsp;<strong>Duolingo&nbsp;</strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/duol-stock-quote/"><strong>DUOL</strong></a>) just pulled back to its 200-day moving average at $177.03. Technically, the mobile learning stock is oversold on RSI, MACD, and Williams&rsquo; %R. But I don&rsquo;t expect that to last long. I&rsquo;d like to see it rally back to $245 near term.&rdquo;</p>



<p>Following that note, DUOL hit a high of $241.86, and pulled back to $213.53. And I still believe it could push even higher. Helping, DUOL just blew earnings and guidance out of the water. For its fourth quarter,&nbsp;<a href="https://seekingalpha.com/news/4073381-duolingo-gaap-eps-of-026-beats-by-010-revenue-of-151m-beats-by-262m">the company posted EPS of 26 cents</a>, which beat estimates by 10 cents. Revenue&ndash;up 45.4% year over year&ndash;also beat estimates by $2.62 million.</p>



<p>Better, daily active subscriptions for the learning app soared to 26.9 million, an increase of about 65% quarter over quarter. Monthly active users came in at 88.4 million, an increase of 46% year over year. With growth showing no signs of slowing, DUOL could see higher highs.</p>



<p><em>On the date of publication, Ian Cooper&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;<a href="http://investorplace.com/">InvestorPlace.com</a>&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em><strong></strong></p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/the-3-most-undervalued-russell-2000-stocks-to-buy-in-march-2024/">The 3 Most Undervalued Russell 2000 Stocks to Buy in March 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Most Undervalued Russell 2000 Stocks to Buy in March 2024

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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>It may not be much, but the <strong>Russell 2000 Index </strong>(RUT) is up 7% in 2024. The index still sits about 20% below the all-time high it reached in November 2021. And with risk-on sentiment in place, investors may be looking for the most undervalued Russell 2000 stocks to buy in April. &nbsp;</p>



<p>The Russell 2000 is frequently referred to as the small-cap index. It does contain some small-cap names, but this index also has many mid-cap and large-cap names. However, market cap is a fluid measurement. The takeaway is that this index focuses on smaller companies which tend to be more volatile, but have significant growth potential. &nbsp;</p>



<p>The Federal Reserve could deliver the index an unwelcome surprise. That&rsquo;s why investors should ensure these stocks make up only a small percentage of their portfolios. However, for now, the index is trying to break out of a range it has been stuck in for the better part of two years. If that trend continues, you&rsquo;ll be glad you put some capital towards some of the most undervalued Russell 2000 stocks to buy in April.&nbsp;</p>



<h2>Crocs (CROX)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/crox1600-300x169.jpg" alt="The front of a Crocs (CROX) store in Chiang Mai, Thailand."><div>Source: Wannee_photographer / Shutterstock.com</div></div><p>At first glance, <strong>Crocs </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/crox-stock-quote/"><strong>CROX</strong></a></span>) would look like a poor choice as an undervalued stock. CROX is up 62% in the last six months and 48% year-to-date. However, as investors know there&rsquo;s a difference between a stock&rsquo;s price and its value.&nbsp;</p>



<p>In the case of Crocs, the company&rsquo;s valuation is being <a href="https://investorplace.com/2024/02/the-3-best-russell-2000-stocks-to-buy-in-february-2024/" target="_blank">affected by its acquisition of <strong>Heydude</strong></a> which reported 10% lower sales since it was acquired. But there are also reasons to believe there&rsquo;s more upside to come. For starters, the stock has a forward price-to-earnings (P/E) ratio of just 11.18x. It&rsquo;s also trading at a 74% discount to the footwear industry. &nbsp;</p>



<p>And the company has an enviable 55% gross margin. That&rsquo;s impressive in any retail environment and even moreso with inflation dampening earnings outlooks for many retailers. Crocs is forecasting high single-digit earnings growth in 2024. &nbsp;</p>



<p>Analysts currently have a consensus price target of $142.50 on CROX stock. But <a href="https://www.tradingview.com/chart/aMepJfAr/?symbol=NASDAQ%3ACROX&amp;utm_source=www.marketbeat.com&amp;utm_medium=widget&amp;utm_campaign=chart-logo&amp;utm_term=NASDAQ%3ACROX">10 out of 16 analysts</a> also rate the stock a Strong Buy. The company reports earnings in late April. Any disappointment could lead to a drop in the stock. However, that looks like it would be a buyable dip. &nbsp;</p>



<h2>Healthpeak Properties (DOC)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/healthcare1600a-300x169.jpg" alt="two doctors look over a piece of paper while standing in a hallway"><div>Source: Shutterstock</div></div><p>Given the precarious state of the commercial real estate market, <strong>Healthpeak Properties </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/doc-stock-quote/"><strong>DOC</strong></a></span>) may seem like a curious choice on this list of the most undervalued Russell 2000 stocks to buy in April. The company was, until recently, <strong>Physicians Realty Trust</strong>. However, the recent merger with Healthpeak has created a new entity. &nbsp;</p>



<p>Healthpeak Properties is a leading owner, operator, and developer of real estate for healthcare discovery and delivery. It&rsquo;s <a href="https://ir.healthpeak.com/files/doc_financials/2023/q4/healthpeak-investor-presentation-march-2024.pdf" target="_blank">tenant list</a> includes names such as <strong>Novo Nordisk</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/nvo-stock-quote/"><strong>NVO</strong></a></span>), <strong>Pfizer</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/pfe-stock-quote/"><strong>PFE</strong></a></span>) and <strong>Johnson &amp; Johnson</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/jnj-stock-quote/"><strong>JNJ</strong></a></span>). The company is also well-positioned to support the healthcare industry&rsquo;s shift to an outpatient model.&nbsp;</p>



<p>After its 38% gain year-to-date, DOC stock is trading in the middle of its 52-week range. Analysts believe the stock can move higher. They have a consensus price target of $20.79 on the stock and <a href="https://www.tradingview.com/chart/aMepJfAr/?symbol=NYSE%3ADOC&amp;utm_source=www.marketbeat.com&amp;utm_medium=widget&amp;utm_campaign=chart-logo&amp;utm_term=NYSE%3ADOC" target="_blank">nine out of 18 analysts have a Strong Buy rating</a>. Healthcare Properties is projecting mid-single digit growth in earnings and has a forward P/E ratio of around 10x. &nbsp;</p>



<h2>Cleveland-Cliffs (CLF)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/clf-stock-1-300x169.jpg" alt="Cleveland Cliffs (CLF) logo on an iPhone"><div>Source: IgorGolovniov / Shutterstock.com</div></div><p>Steel stocks may look overvalued on concerns that&nbsp;there will be reduced global demand for steel. However, as the tragic collapse of the Francis Scott Key bridge in Baltimore brings to light, infrastructure spending in the country is likely to get a boost. That bodes well for steel demand, and for an undervalued stock like <strong>Cleveland-Cliffs</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/clf-stock-quote/"><strong>CLF</strong></a></span>). &nbsp;</p>



<p>The company is making news for its attempted bid to buy <strong>U.S. Steel </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/x-stock-quote/"><strong>X</strong></a></span>). The latter is a takeover target by Japan&rsquo;s Nippon Steel. However, the Biden administration has blocked the move and wants to keep U.S. Steel in the hands of an American company.&nbsp;</p>



<p>That being said, the Alliance for Automotive Innovation is petitioning the Biden administration to <a href="https://www.reuters.com/markets/commodities/automakers-urge-white-house-oppose-us-steel-sale-cleveland-cliffs-2024-03-29/" target="_blank">reject Cleveland-Cliffs bid</a> on the grounds that it would put 65% to 90% of the steel used in building automobiles under the company&rsquo;s control.&nbsp;</p>



<p>Investors don&rsquo;t seem to being selling that news. CLF stock is up 30% in the last 12 months and the company is projecting 35% earnings growth in 2024. Yet the stock trades for just 12x forward earnings. &nbsp;</p>



<h2>Murphy Oil (MUR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/mur_murphy_oil_1600-300x169.png" alt="Murphy Oil (MUR) logo on the website homepage."><div>Source: Casimiro PT / Shutterstock.com</div></div><p>At the time of this writing, a barrel of oil is trading for above $85 a barrel. Investors who have piled into oil and gas stocks over the past year are being rewarded, and that includes investors in<strong> Murphy Oil</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/mur-stock-quote/"><strong>MUR</strong></a></span>) which is up about 24% in the last 12 months. &nbsp;</p>



<p>Can the rally last? It appears that it can. Oil prices are expected to climb above $100 a barrel at some point in 2024 and that&rsquo;s without any stimulus from a possible Fed rate cut. The world simply needs more energy and that&rsquo;s bullish for an upstream exploration and production company such as Murphy Oil. &nbsp;</p>



<p>On April 4, <strong>JPMorgan Chase </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/jpm-stock-quote/"><strong>JPM</strong></a></span>) reiterated its overweight rating on MUR stock and gave a price target of $52 per share. With the stock trading around $48, it may be due for a slight pullback, but with a dividend that yields 2.48% and pays $1.20 per share annually, investors don&rsquo;t have to wait for the dip to take a position in the stock. &nbsp;</p>



<h2>Arrowhead Pharmaceuticals (ARWR)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/arwr-stock-1-300x169.jpg" alt="Image of the Arrowhead Pharmaceuticals (ARWR) website with a magnifying glass focusing on the logo"><div>Source: Pavel Kapysh / Shutterstock.com</div></div><p>I give a hat tip to my <em>InvestorPlace</em> colleague Ian Cooper who put me on to <strong>Arrowhead Pharmaceuticals </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/arwr-stock-quote/"><strong>ARWR</strong></a></span>) as one of the most undervalued Russell 2000 stocks to buy in April. He had on <a href="https://investorplace.com/2024/03/the-3-most-undervalued-russell-2000-stocks-to-buy-in-march-2024/" target="_blank">his list for March</a>, and I agree with the points he made. &nbsp;</p>



<p>The Russell 2000 is filled with biotechnology companies like Arrowhead. Many are not only unprofitable, they are pre-revenue. Arrowhead fits the former description, but it does have some revenue coming in through its partnerships and collaborations. &nbsp;</p>



<p>The company has developed its <a href="https://arrowheadpharma.com/patients-caregivers/what-is-rnai/" target="_blank">TRIM (Targeted RNAi Molecule) technology</a> to combat diseases related to RNAi interference which causes genes to make a dysfunctional protein or too much of a normal protein. The company has <a href="https://arrowheadpharma.com/pipeline/" target="_blank">14 candidates in its pipeline</a> at various stages of the clinical trial process. That&rsquo;s several bites at the apple when it comes to getting a drug approved. &nbsp;</p>



<p>Still, the company may still be years away. But analysts are extremely bullish on ARWR stock with a $55.15 price target which is a 105% upside. </p>



<h2>Duolingo (DUOL)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/shutterstock_1668567226-300x169.jpg" alt="DUOL stock: A phone displaying the duolingo logo in front of a computer screen displaying the duolingo site"><div>Source: dennizn / Shutterstock</div></div><p>In a society where there&rsquo;s an app for everything, <strong>Duolingo</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/duol-stock-quote/"><strong>DUOL</strong></a></span>) has caught the attention of individuals who want to learn a second, or third, language. According to the company, its <a href="https://investors.duolingo.com/" target="_blank">online learning app</a> is &ldquo;the world&rsquo;s most popular way to learn languages and the top-grossing app in the Education category on both Google Play and the Apple App Store.&rdquo;&nbsp;</p>



<p>The company uses scientifically proven techniques and adds the element of gamification to help move users along in their development. And most importantly, it&rsquo;s accessible for a wide range of users. The company is also integrating the use of generative AI into its platform to enhance the user experience.&nbsp;</p>



<p>Even without AI, the company has been <a href="https://investors.duolingo.com/news-releases/news-release-details/duolingo-reports-65-dau-growth-45-revenue-growth-and-record" target="_blank">delivering impressive results</a> and that&rsquo;s reflected in the DUOL stock price which is up 56% in the last 12 months. However, with the company projecting 76% earnings growth in the next year, the stock may still have upside.</p>



<p>A sharp spike in short interest in the last month may put pressure on the stock in the short term. But analysts give DUOL stock a 14% upside from its current price, making it a solid buy-the-dip candidate.&nbsp;</p>



<h2>Boyd Gaming (BYD)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/09/byd1600-300x169.jpg" alt="A phone showing the logo for Boyd Gaming (BYD)."><div>Source: IgorGolovniov / Shutterstock.com</div></div><p><strong>Boyd Gaming</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/byd-stock-quote/"><strong>BYD</strong></a></span>) is the last of the most undervalued Russell 2000 stocks to buy in April. But it&rsquo;s no gamble (pun intended). This is a story in two parts. First, the company is one of the largest casino entertainment companies in the Midwest with 29 properties. One of the compelling features of the company&rsquo;s properties is they are within comfortable driving distance for their customers.&nbsp;</p>



<p>But the company is also a 5% owner of <strong>Flutter Entertainment</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/flut-stock-quote/"><strong>FLUT</strong></a></span>), the parent company of FanDuel. That gives the company exposure to the fast-growing online sports betting market. And it has its own <a href="https://www.boydgaming.com/" target="_blank">Stardust Social Casino</a> which gives users an online casino experience. &nbsp;</p>



<p>BYD stock fell sharply in 2023 which is why the stock is only up about 5% in the last 12 months. But now that the comeback is underway, it is likely to gain momentum. Trading for around 10x forward earnings and coming off a strong earnings report, there appears to be a long runway for the stock price.&nbsp;</p>



<p><em>On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.</em>&nbsp;</p>
<div><p>Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/the-7-most-undervalued-russell-2000-stocks-to-buy-in-april/">The 7 Most Undervalued Russell 2000 Stocks to Buy in April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 7 Most Undervalued Russell 2000 Stocks to Buy in April 2024

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ACVA

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