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Deutsche Bank began coverage on shares of Murphy Oil (NYSE:MUR) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.

Murphy Oil (NYSE:MUR) opened at 63.80 on Tuesday. Murphy Oil has a 52-week low of $51.2004 and a 52-week high of $66.20. The stock’s 50-day moving average is $61.95 and its 200-day moving average is $61.53. The company has a market cap of $11.449 billion and a P/E ratio of 12.86.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.96. Analysts expect that Murphy Oil will post $5.02 EPS for the current fiscal year.

A number of other firms have also recently commented on MUR. Analysts at Zacks reiterated a “neutral” rating on shares of Murphy Oil in a research note on Friday, May 16th. They now have a $64.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Murphy Oil in a research note on Wednesday, May 7th. They now have a $45.00 price target on the stock, up previously from $44.00. Finally, analysts at Cowen and Company raised their price target on shares of Murphy Oil from $63.00 to $64.00 in a research note on Friday, May 2nd. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $65.44.

Murphy Oil Corporation is a worldwide oil and gas exploration and production company with retail and wholesale gasoline marketing operations in the United States and refining and marketing operations in the United Kingdom.

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