Murphy Oil (NYSE:MUR) has been assigned a $27.00 target price by research analysts at Morgan Stanley in a note issued to investors on Thursday, TipRanks reports. The brokerage presently has a “sell” rating on the oil and gas producer’s stock. Morgan Stanley’s price target suggests a potential upside of 1.28% from the stock’s current price.
A number of other research firms also recently weighed in on MUR. ValuEngine downgraded shares of Murphy Oil from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. TheStreet raised shares of Murphy Oil from a “c+” rating to a “b” rating in a research report on Friday, February 1st. Zacks Investment Research raised shares of Murphy Oil from a “sell” rating to a “hold” rating and set a $33.00 target price for the company in a research report on Friday, March 8th. Credit Suisse Group set a $31.00 target price on shares of Murphy Oil and gave the company a “hold” rating in a research report on Thursday, February 14th. Finally, Goldman Sachs Group raised shares of Murphy Oil from a “sell” rating to a “neutral” rating and raised their target price for the company from $29.00 to $31.50 in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. Murphy Oil presently has an average rating of “Hold” and an average target price of $34.96.
Murphy Oil stock traded down $1.21 during mid-day trading on Thursday, reaching $26.66. The company’s stock had a trading volume of 2,092,024 shares, compared to its average volume of 2,092,241. The company has a market cap of $4.88 billion, a P/E ratio of 21.16 and a beta of 2.14. Murphy Oil has a 12 month low of $21.51 and a 12 month high of $36.53. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.67.
Murphy Oil (NYSE:MUR) last released its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The business had revenue of $591.00 million during the quarter, compared to the consensus estimate of $557.15 million. Murphy Oil had a net margin of 10.99% and a return on equity of 4.10%. The firm’s revenue for the quarter was up 57.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. On average, equities research analysts forecast that Murphy Oil will post 1.58 EPS for the current year.
In other Murphy Oil news, insider Thomas J. Mireles sold 7,400 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $27.60, for a total value of $204,240.00. Following the completion of the sale, the insider now owns 21,368 shares in the company, valued at $589,756.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP John B. Gardner sold 8,364 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $28.94, for a total transaction of $242,054.16. The disclosure for this sale can be found here. Company insiders own 6.46% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Kiwi Wealth Investments Limited Partnership lifted its stake in Murphy Oil by 80.1% in the fourth quarter. Kiwi Wealth Investments Limited Partnership now owns 92,128 shares of the oil and gas producer’s stock valued at $2,155,000 after acquiring an additional 40,979 shares during the last quarter. HAP Trading LLC acquired a new stake in shares of Murphy Oil during the 4th quarter worth about $314,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Murphy Oil during the 4th quarter worth about $914,000. United Services Automobile Association lifted its stake in shares of Murphy Oil by 1.1% during the 4th quarter. United Services Automobile Association now owns 219,360 shares of the oil and gas producer’s stock worth $5,131,000 after buying an additional 2,389 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Murphy Oil by 2,265.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,513,637 shares of the oil and gas producer’s stock worth $65,000 after buying an additional 1,449,640 shares during the last quarter. Hedge funds and other institutional investors own 86.83% of the company’s stock.
About Murphy Oil
Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.
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