Murphy Oil Stock Rating Reaffirmed by Deutsche Bank (MUR)
Murphy Oil (NYSE:MUR)‘s stock had its “hold” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Thursday. They currently have a $80.00 price target on the stock, up from their previous price target of $76.00. Deutsche Bank’s target price indicates a potential upside of 21.27% from the company’s current price.
Shares of Murphy Oil (NYSE:MUR) traded up 1.05% on Thursday, hitting $66.66. 1,660,236 shares of the company’s stock traded hands. Murphy Oil has a one year low of $54.67 and a one year high of $67.07. The stock’s 50-day moving average is $64.63 and its 200-day moving average is $61.8. The company has a market cap of $11.962 billion and a price-to-earnings ratio of 13.43.
Murphy Oil (NYSE:MUR) last announced its earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.96. On average, analysts predict that Murphy Oil will post $5.35 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about 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. The company currently has a consensus rating of “Hold” and an average target price of $66.90.
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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