Murphy Oil Shares Gap Up After Analyst Upgrade (MUR)
Murphy Oil (NYSE:MUR) gapped up before the market opened on Thursday after Deutsche Bank raised their price target on the stock from $76.00 to $80.00, StockRatingsNetwork.com reports. The stock had previously closed at $65.95, but opened at $65.97. Deutsche Bank currently has a hold rating on the stock. Murphy Oil shares last traded at $66.81, with a volume of 1,221,262 shares traded.
Several other analysts have also recently commented on the stock. 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. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Murphy Oil has an average rating of “Hold” and an average target price of $66.90.
The stock has a 50-day moving average of $64.78 and a 200-day moving average of $61.8. The company has a market cap of $11.867 billion and a P/E ratio of 13.43.
Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. On average, analysts predict that Murphy Oil will post $5.35 earnings per share for the current fiscal year.
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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