Murphy Capital Expenditures vs Free Cash Flow Analysis

MUR Stock

USD 32.47 0.06 0.18%

Murphy Oil financial indicator trend analysis is infinitely more than just investigating Murphy Oil recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Murphy Oil is a good investment. Please check the relationship between Murphy Oil Capital Expenditures and its Free Cash Flow accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Murphy Oil. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in Murphy Stock, please use our How to Invest in Murphy Oil guide.

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Murphy Oil Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Murphy Oil's Capital Expenditures and Free Cash Flow is -0.55. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Murphy Oil, assuming nothing else is changed. The correlation between historical values of Murphy Oil's Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Murphy Oil are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Murphy Oil's Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.55

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Murphy Oil to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Murphy Oil operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Murphy Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Murphy Oil current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Murphy Oil. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in Murphy Stock, please use our How to Invest in Murphy Oil guide.At this time, Murphy Oil's Selling General Administrative is relatively stable compared to the past year. As of 11/29/2024, Tax Provision is likely to grow to about 205.7 M, though Discontinued Operations is likely to grow to (2.3 M).

	2021	2022	2023	2024 (projected)
Total Operating Expenses	237.6M	448.1M	1.6B	1.7B
Cost Of Revenue	1.5B	1.8B	827.3M	786.0M

Total Operating Expenses Cost Of Revenue

Murphy Oil fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Other Current Assets	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.41	-0.14	0.86	0.96	0.98	0.19	0.94	0.63	0.98	0.05	0.74	0.69	0.7	0.68	0.62	0.45	0.87	0.86	0.07	0.85	0.57	0.18	0.61	0.65	0.17
Short Long Term Debt Total	0.41		0.41	0.0	0.19	0.52	0.94	0.47	0.33	0.56	-0.27	0.16	-0.31	-0.01	0.88	-0.33	-0.41	0.33	-0.02	-0.08	0.03	0.62	0.01	0.62	0.66	0.66
Other Current Liab	-0.14	0.41		-0.31	-0.26	-0.09	0.5	-0.1	-0.28	-0.04	-0.52	-0.28	-0.43	-0.23	0.26	-0.32	-0.21	-0.31	-0.32	-0.22	-0.22	0.55	-0.25	0.09	0.15	0.37
Total Current Liabilities	0.86	0.0	-0.31		0.91	0.77	-0.23	0.73	0.64	0.74	-0.01	0.82	0.87	0.77	0.29	0.8	0.69	0.85	0.97	0.2	0.97	0.42	0.12	0.26	0.3	-0.25
Total Stockholder Equity	0.96	0.19	-0.26	0.91		0.93	-0.05	0.93	0.61	0.9	0.07	0.77	0.8	0.76	0.46	0.74	0.55	0.79	0.91	0.19	0.88	0.42	0.19	0.57	0.59	0.0
Property Plant And Equipment Net	0.98	0.52	-0.09	0.77	0.93		0.32	0.97	0.59	0.99	0.02	0.68	0.57	0.63	0.73	0.5	0.31	0.82	0.76	0.06	0.77	0.59	0.19	0.7	0.72	0.23
Net Debt	0.19	0.94	0.5	-0.23	-0.05	0.32		0.27	0.02	0.37	-0.26	-0.15	-0.49	-0.2	0.78	-0.51	-0.57	0.13	-0.27	-0.23	-0.19	0.55	-0.01	0.51	0.52	0.67
Retained Earnings	0.94	0.47	-0.1	0.73	0.93	0.97	0.27		0.57	0.96	-0.02	0.67	0.54	0.58	0.64	0.48	0.26	0.72	0.72	0.21	0.71	0.49	0.23	0.76	0.76	0.22
Cash	0.63	0.33	-0.28	0.64	0.61	0.59	0.02	0.57		0.57	-0.11	0.92	0.4	0.52	0.4	0.39	0.33	0.69	0.66	0.36	0.6	0.29	0.05	0.33	0.39	-0.04
Non Current Assets Total	0.98	0.56	-0.04	0.74	0.9	0.99	0.37	0.96	0.57		0.04	0.64	0.54	0.59	0.79	0.47	0.28	0.81	0.73	0.03	0.73	0.61	0.21	0.72	0.75	0.33
Non Currrent Assets Other	0.05	-0.27	-0.52	-0.01	0.07	0.02	-0.26	-0.02	-0.11	0.04		-0.1	0.15	-0.05	0.01	0.09	0.08	0.12	0.04	-0.41	-0.03	-0.43	0.22	-0.09	-0.12	0.04
Cash And Short Term Investments	0.74	0.16	-0.28	0.82	0.77	0.68	-0.15	0.67	0.92	0.64	-0.1		0.58	0.67	0.3	0.55	0.51	0.74	0.82	0.45	0.76	0.35	0.05	0.3	0.36	-0.18
Net Receivables	0.69	-0.31	-0.43	0.87	0.8	0.57	-0.49	0.54	0.4	0.54	0.15	0.58		0.77	0.05	0.96	0.81	0.64	0.9	0.04	0.87	0.13	0.07	0.12	0.15	-0.33
Common Stock Shares Outstanding	0.7	-0.01	-0.23	0.77	0.76	0.63	-0.2	0.58	0.52	0.59	-0.05	0.67	0.77		0.2	0.68	0.53	0.58	0.75	0.11	0.72	0.37	0.24	0.4	0.47	-0.18
Non Current Liabilities Total	0.68	0.88	0.26	0.29	0.46	0.73	0.78	0.64	0.4	0.79	0.01	0.3	0.05	0.2		0.02	-0.11	0.61	0.3	-0.24	0.33	0.67	0.11	0.64	0.69	0.7
Inventory	0.62	-0.33	-0.32	0.8	0.74	0.5	-0.51	0.48	0.39	0.47	0.09	0.55	0.96	0.68	0.02		0.9	0.54	0.87	0.01	0.84	0.13	-0.09	0.06	0.09	-0.31
Other Stockholder Equity	0.45	-0.41	-0.21	0.69	0.55	0.31	-0.57	0.26	0.33	0.28	0.08	0.51	0.81	0.53	-0.11	0.9		0.44	0.79	-0.03	0.74	0.16	-0.34	-0.22	-0.18	-0.42
Total Liab	0.87	0.33	-0.31	0.85	0.79	0.82	0.13	0.72	0.69	0.81	0.12	0.74	0.64	0.58	0.61	0.54	0.44		0.83	-0.03	0.85	0.54	0.14	0.29	0.33	0.0
Total Current Assets	0.86	-0.02	-0.32	0.97	0.91	0.76	-0.27	0.72	0.66	0.73	0.04	0.82	0.9	0.75	0.3	0.87	0.79	0.83		0.13	0.96	0.4	-0.03	0.22	0.26	-0.24
Short Term Debt	0.07	-0.08	-0.22	0.2	0.19	0.06	-0.23	0.21	0.36	0.03	-0.41	0.45	0.04	0.11	-0.24	0.01	-0.03	-0.03	0.13		0.06	-0.2	0.1	0.16	0.15	-0.14
Accounts Payable	0.85	0.03	-0.22	0.97	0.88	0.77	-0.19	0.71	0.6	0.73	-0.03	0.76	0.87	0.72	0.33	0.84	0.74	0.85	0.96	0.06		0.49	0.01	0.2	0.25	-0.24
Other Current Assets	0.57	0.62	0.55	0.42	0.42	0.59	0.55	0.49	0.29	0.61	-0.43	0.35	0.13	0.37	0.67	0.13	0.16	0.54	0.4	-0.2	0.49		-0.14	0.3	0.37	0.2
Property Plant And Equipment Gross	0.18	0.01	-0.25	0.12	0.19	0.19	-0.01	0.23	0.05	0.21	0.22	0.05	0.07	0.24	0.11	-0.09	-0.34	0.14	-0.03	0.1	0.01	-0.14		0.5	0.44	0.31
Common Stock Total Equity	0.61	0.62	0.09	0.26	0.57	0.7	0.51	0.76	0.33	0.72	-0.09	0.3	0.12	0.4	0.64	0.06	-0.22	0.29	0.22	0.16	0.2	0.3	0.5		0.98	0.61
Common Stock	0.65	0.66	0.15	0.3	0.59	0.72	0.52	0.76	0.39	0.75	-0.12	0.36	0.15	0.47	0.69	0.09	-0.18	0.33	0.26	0.15	0.25	0.37	0.44	0.98		0.62
Other Liab	0.17	0.66	0.37	-0.25	0.0	0.23	0.67	0.22	-0.04	0.33	0.04	-0.18	-0.33	-0.18	0.7	-0.31	-0.42	0.0	-0.24	-0.14	-0.24	0.2	0.31	0.61	0.62

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Murphy Oil Account Relationship Matchups

Murphy Oil fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.7B	10.6B	10.3B	10.3B	9.8B	7.8B
Short Long Term Debt Total	2.9B	3.1B	2.6B	2.8B	2.1B	1.4B
Other Current Liab	942.8M	716.3M	1.2B	443.6M	170.1M	161.6M
Total Current Liabilities	942.8M	716.3M	1.2B	1.3B	846.5M	1.3B
Total Stockholder Equity	5.4B	4.4B	4.3B	5.0B	5.4B	3.9B
Property Plant And Equipment Net	10.0B	8.3B	8.1B	9.2B	9.0B	6.0B
Net Debt	2.5B	2.7B	1.9B	2.3B	1.8B	934.7M
Retained Earnings	6.6B	5.4B	5.2B	6.1B	6.5B	3.7B
Cash	306.8M	310.6M	521.2M	492M	317.1M	414.1M
Non Current Assets Total	10.7B	9.6B	9.4B	9.3B	9.0B	6.3B
Non Currrent Assets Other	645.1M	956.2M	910.6M	44.3M	43.7M	45.9M
Cash And Short Term Investments	306.8M	310.6M	521.2M	492M	317.1M	515.7M
Net Receivables	426.7M	262.0M	258.2M	391.2M	344.0M	617.6M
Common Stock Shares Outstanding	164.8M	153.5M	154.3M	157.5M	156.6M	189.6M
Liabilities And Stockholders Equity	11.7B	10.6B	10.3B	10.3B	9.8B	7.8B
Non Current Liabilities Total	5.0B	5.5B	4.8B	3.9B	3.4B	2.6B
Inventory	76.1M	66.1M	54.2M	54.5M	54.5M	51.7M
Other Stockholder Equity	(798.9M)	(569.2M)	(565.3M)	(721.1M)	(857.3M)	(814.4M)
Total Liab	5.9B	6.2B	6.0B	5.2B	4.2B	4.6B
Total Current Assets	974.4M	1.0B	880.9M	972.3M	752.2M	714.6M
Short Term Debt	92.3M	103.8M	140.1M	221.1M	208.6M	219.0M
Accounts Payable	602.1M	407.1M	623.1M	543.8M	446.9M	424.5M
Other Current Assets	543.7M	362M	344.2M	34.7M	36.7M	34.8M
Property Plant And Equipment Gross	10.6B	8.3B	21.5B	9.2B	22.1B	23.2B
Accumulated Other Comprehensive Income	(574.2M)	(601.3M)	(527.7M)	(534.7M)	(521.1M)	(547.2M)
Other Liab	1.6B	2.5B	2.4B	1.3B	1.5B	1.2B
Other Assets	176.1M	1.4B	1.7M	100K	115K	109.3K
Long Term Debt	2.8B	3.0B	2.5B	1.8B	1.3B	1.9B
Treasury Stock	(1.2B)	(1.7B)	(1.7B)	(1.7B)	(1.5B)	(1.4B)
Property Plant Equipment	10.0B	8.3B	8.1B	9.2B	10.6B	8.6B
Current Deferred Revenue	(694.4M)	(510.9M)	(763.2M)	(21.0M)	(18.9M)	(19.9M)
Net Tangible Assets	5.5B	4.2B	4.3B	5.0B	4.5B	4.8B
Noncontrolling Interest In Consolidated Entity	368.3M	337.2M	179.8M	163.5M	188.0M	197.4M
Retained Earnings Total Equity	5.5B	6.6B	5.4B	5.2B	6.0B	5.8B
Long Term Debt Total	2.8B	3.0B	2.5B	1.8B	2.1B	2.5B

Pair Trading with Murphy Oil

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Murphy Oil position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Murphy Oil will appreciate offsetting losses from the drop in the long position's value.

Moving together with Murphy Stock

0.92

SandRidge Energy

Pair Corr

Moving against Murphy Stock

0.55	CNX	CNX Resources Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.53	DMLP	Dorchester Minerals	Pair Corr
0.38	EPSN	Epsilon Energy	Pair Corr

The ability to find closely correlated positions to Murphy Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Murphy Oil when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Murphy Oil - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Murphy Oil to buy it.

The correlation of Murphy Oil is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Murphy Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Murphy Oil moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Murphy Oil can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Murphy Stock Analysis

When running Murphy Oil's price analysis, check to measure Murphy Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Murphy Oil is operating at the current time. Most of Murphy Oil's value examination focuses on studying past and present price action to predict the probability of Murphy Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Murphy Oil's price. Additionally, you may evaluate how the addition of Murphy Oil to your portfolios can decrease your overall portfolio volatility.

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