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Murphy Oil (NYSE:MUR) posted its quarterly earnings results on Wednesday. The company reported $0.90 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.21 by $0.31, American Banking and Market News reports. During the same quarter last year, the company posted $1.75 earnings per share.

MUR has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Murphy Oil from $65.00 to $74.00 in a research note on Friday, July 25th. They now have an “equal weight” rating on the stock. On the ratings front, analysts at Deutsche Bank raised their price target on shares of Murphy Oil from $76.00 to $80.00 in a research note on Thursday, July 17th. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Murphy Oil in a research note on Tuesday, June 10th. They set a “hold” rating and a $76.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $67.56.

Murphy Oil (NYSE:MUR) traded down 0.76% during mid-day trading on Wednesday, hitting $66.72. 1,433,575 shares of the company’s stock traded hands. Murphy Oil has a 1-year low of $54.67 and a 1-year high of $68.43. The stock’s 50-day moving average is $66.00 and its 200-day moving average is $62.08. The company has a market cap of $11.973 billion and a P/E ratio of 13.68.

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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