Murphy Oil (NYSE:MUR) has been assigned a $37.00 price target by investment analysts at Stephens in a report issued on Monday. The firm currently has a “buy” rating on the oil and gas producer’s stock. Stephens’ price objective points to a potential upside of 6.69% from the company’s current price.
Several other research firms have also recently commented on MUR. Cowen set a $34.00 price target on Murphy Oil and gave the company a “hold” rating in a report on Thursday. Zacks Investment Research raised Murphy Oil from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Friday, October 27th. Credit Suisse Group initiated coverage on Murphy Oil in a research note on Monday, December 11th. They issued a “neutral” rating and a $30.00 price objective for the company. Finally, Morgan Stanley raised their price objective on Murphy Oil from $23.00 to $26.00 and gave the company an “underweight” rating in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Murphy Oil currently has a consensus rating of “Hold” and an average price target of $30.83.
Murphy Oil (NYSE:MUR) traded up $0.38 on Monday, hitting $34.68. The stock had a trading volume of 2,329,062 shares, compared to its average volume of 2,161,862. The company has a quick ratio of 1.60, a current ratio of 1.74 and a debt-to-equity ratio of 0.58. The firm has a market cap of $5,980.00, a PE ratio of -66.69 and a beta of 2.29. Murphy Oil has a 1-year low of $22.21 and a 1-year high of $35.16.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.11. The business had revenue of $498.31 million during the quarter, compared to analysts’ expectations of $460.17 million. Murphy Oil had a negative return on equity of 1.25% and a negative net margin of 4.15%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.18) EPS. sell-side analysts expect that Murphy Oil will post -0.25 EPS 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 stock was sold at an average price of $27.84, for a total transaction of $105,318.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $180,578.75. The disclosure for this sale can be found here. Company insiders own 6.89% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its position in Murphy Oil by 8.0% during the second quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 301 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Murphy Oil in the fourth quarter valued at $197,000. Murphy Pohlad Asset Management LLC purchased a new stake in shares of Murphy Oil in the third quarter valued at $216,000. Gofen & Glossberg LLC IL purchased a new stake in shares of Murphy Oil in the fourth quarter valued at $220,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Murphy Oil in the third quarter valued at $230,000. 96.82% of the stock is owned by institutional investors.
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.