Murphy USA Soars 1.24% on Strong Earnings, Analyst Upgrade

Murphy USA (MUSA) shares surged 1.24% today, marking the fifth consecutive day of gains, with a cumulative increase of 13.54% over the past five days. The stock price reached its highest level since December 2024, with an intraday gain of 1.78%.

One of the key drivers behind Murphy USA's recent stock price surge is the upgrade by investment analysts at KeyCorp. The company was upgraded to a "strong-buy" rating, which has likely boosted investor sentiment and contributed to the positive momentum in the stock.

Additionally, Murphy USA's strong earnings performance has played a significant role in the stock's recent gains. The company reported earnings per share of $6.96 for the quarter, exceeding analysts' consensus estimates of $6.46. This positive earnings surprise has reinforced investor confidence in the company's financial health and growth prospects.

Another factor supporting Murphy USA's stock price is the decrease in short interest. The short percent of float has fallen by 8.08% since the last report, indicating a reduction in bearish sentiment and an increase in investor confidence. This shift in market sentiment has likely contributed to the stock's upward trajectory.