Murphy Oil (NYSE:MUR)‘s stock had its “hold” rating reiterated by investment analysts at Cowen in a research note issued to investors on Thursday. They presently have a $34.00 price target on the oil and gas producer’s stock. Cowen’s price objective would suggest a potential downside of 1.99% from the stock’s current price.

Several other research firms have also issued reports on MUR. Zacks Investment Research raised shares of Murphy Oil from a “sell” rating to a “hold” rating in a research report on Monday. Credit Suisse Group began coverage on shares of Murphy Oil in a research report on Monday, December 11th. They issued a “neutral” rating and a $30.00 price objective for the company. Finally, Morgan Stanley increased their price objective on shares of Murphy Oil from $23.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $30.27.

Murphy Oil (NYSE:MUR) traded down $0.26 during trading on Thursday, hitting $34.69. 1,948,564 shares of the stock traded hands, compared to its average volume of 2,215,658. Murphy Oil has a 52 week low of $22.21 and a 52 week high of $35.16. The firm has a market capitalization of $5,879.56, a price-to-earnings ratio of -68.02 and a beta of 2.24. The company has a quick ratio of 1.60, a current ratio of 1.74 and a debt-to-equity ratio of 0.58.

Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.11. Murphy Oil had a negative net margin of 4.15% and a negative return on equity of 1.25%. The company had revenue of $498.31 million during the quarter, compared to analyst estimates of $460.17 million. During the same quarter in the prior year, the business earned ($0.18) earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. sell-side analysts forecast that Murphy Oil will post -0.22 earnings per share for the current fiscal year.

In other Murphy Oil news, VP John B. Gardner sold 3,783 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $27.84, for a total transaction of $105,318.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Madison Murphy sold 6,325 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $28.55, for a total transaction of $180,578.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 25,500 shares of company stock valued at $5,100. Company insiders own 6.89% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Advisor Group Inc. grew its holdings in Murphy Oil by 8.0% during the 2nd quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock worth $105,000 after acquiring an additional 301 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Murphy Oil during the 4th quarter worth $197,000. Murphy Pohlad Asset Management LLC acquired a new position in Murphy Oil during the 3rd quarter worth $216,000. Gofen & Glossberg LLC IL acquired a new position in Murphy Oil during the 4th quarter worth $220,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in Murphy Oil during the 3rd quarter worth $230,000. 96.79% of the stock is owned by institutional investors.

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Murphy Oil Company Profile

Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.

Analyst Recommendations for Murphy Oil (NYSE:MUR)

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