Murphy Oil (NYSE:MUR) has been assigned a $40.00 price target by analysts at Stephens in a note issued to investors on Friday, TipRanks reports. The firm presently has a “hold” rating on the oil and gas producer’s stock. Stephens’ price objective would indicate a potential upside of 50.04% from the company’s current price.
Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Murphy Oil from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Zacks Investment Research raised shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Tuesday, April 16th. Goldman Sachs Group raised shares of Murphy Oil from a “sell” rating to a “neutral” rating and increased their price objective for the company from $29.00 to $31.50 in a report on Friday, April 12th. TheStreet downgraded shares of Murphy Oil from a “b” rating to a “c” rating in a report on Tuesday. Finally, Credit Suisse Group set a $31.00 price objective on shares of Murphy Oil and gave the company a “hold” rating in a report on Thursday, February 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Murphy Oil 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 Friday, hitting $26.66. The stock had a trading volume of 2,092,024 shares, compared to its average volume of 2,092,241. The company has a market capitalization of $4.88 billion, a P/E ratio of 21.16 and a beta of 2.14. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.56 and a current ratio of 1.61. Murphy Oil has a one year low of $21.51 and a one year high of $36.53.
Murphy Oil (NYSE:MUR) last issued its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. The company 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%. Murphy Oil’s quarterly revenue was up 57.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. 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 dated Thursday, May 9th. The shares were sold at an average price of $27.60, for a total transaction of $204,240.00. Following the completion of the transaction, the insider now owns 21,368 shares of the company’s stock, valued at approximately $589,756.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John B. Gardner sold 8,364 shares of the stock in a transaction dated 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. 6.46% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. bought a new position in shares of Murphy Oil in the 1st quarter valued at about $25,000. First Mercantile Trust Co. lifted its holdings in shares of Murphy Oil by 109.2% in the 4th quarter. First Mercantile Trust Co. now owns 1,360 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 710 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Murphy Oil by 632.3% in the 1st quarter. Quadrant Capital Group LLC now owns 2,065 shares of the oil and gas producer’s stock valued at $58,000 after acquiring an additional 1,783 shares during the last quarter. Enlightenment Research LLC bought a new position in shares of Murphy Oil in the 4th quarter valued at about $61,000. Finally, Penserra Capital Management LLC lifted its holdings in shares of Murphy Oil by 247.7% in the 1st quarter. Penserra Capital Management LLC now owns 4,729 shares of the oil and gas producer’s stock valued at $138,000 after acquiring an additional 3,369 shares during the last quarter. 86.83% of the stock is owned by hedge funds and other institutional investors.
Murphy Oil Company Profile
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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