Arch Coal, Inc. (ARCH) Forms $93.21 Double Top; Murphy Oil (MUR) Shorts Down By 4.57%

March 13, 2018 - By Jerrie Dane

Murphy Oil Corporation (NYSE:MUR) had a decrease of 4.57% in short interest. MUR’s SI was 26.73 million shares in March as released by FINRA. Its down 4.57% from 28.01M shares previously. With 2.19M avg volume, 12 days are for Murphy Oil Corporation (NYSE:MUR)’s short sellers to cover MUR’s short positions. The SI to Murphy Oil Corporation’s float is 16.43%. The stock increased 0.79% or $0.2 during the last trading session, reaching $25.51. About 1.28M shares traded. Murphy Oil Corporation (NYSE:MUR) has declined 8.71% since March 13, 2017 and is downtrending. It has underperformed by 25.41% the S&P500.

Arch Coal, Inc. (ARCH) formed double top with $100.67 target or 8.00% above today’s $93.21 share price. Arch Coal, Inc. (ARCH) has $1.96B valuation. The stock decreased 0.53% or $0.5 during the last trading session, reaching $93.21. About 258,641 shares traded. Arch Coal, Inc. (NYSE:ARCH) has 0.00% since March 13, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Arch Coal, Inc. (NYSE:ARCH) to report earnings on May, 8. ARCH’s profit will be $85.58M for 5.73 P/E if the $4.07 EPS becomes a reality. After $4.12 actual EPS reported by Arch Coal, Inc. for the previous quarter, Wall Street now forecasts -1.21% negative EPS growth.

Among 14 analysts covering Murphy Oil Corporation (NYSE:MUR), 1 have Buy rating, 2 Sell and 11 Hold. Therefore 7% are positive. Murphy Oil Corporation had 44 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, November 21 by Piper Jaffray. The stock has “Hold” rating by Barclays Capital on Tuesday, July 11. The firm has “Hold” rating given on Thursday, January 18 by Cowen & Co. The stock has “Underperform” rating by Credit Suisse on Wednesday, December 7. The rating was downgraded by Oppenheimer on Friday, July 31 to “Perform”. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Hold” rating by Cowen & Co on Friday, September 15. As per Thursday, October 19, the company rating was maintained by Cowen & Co. The company was maintained on Monday, January 22 by Stephens. The company was maintained on Tuesday, January 12 by Barclays Capital. The firm has “Sector Perform” rating given on Friday, February 12 by Iberia Capital Partners.

Murphy Oil Corporation operates as an gas and oil exploration and production firm worldwide. The company has market cap of $4.40 billion. It explores for and produces crude oil, natural gas, and natural gas liquids. It currently has negative earnings. The firm was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.