Murphy Oil (NYSE:MUR) had its price target lifted by equities research analysts at UBS Group from $5.50 to $15.00 in a research note issued on Monday, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the oil and gas producer’s stock. UBS Group’s price objective points to a potential upside of 8.70% from the company’s current price.
Several other analysts also recently weighed in on MUR. Wells Fargo & Co downgraded Murphy Oil from an “overweight” rating to an “equal weight” rating and set a $10.00 target price on the stock. in a research note on Friday, May 8th. Cfra cut their target price on Murphy Oil from $25.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. ValuEngine raised Murphy Oil from a “hold” rating to a “buy” rating in a research note on Friday, May 1st. Goldman Sachs Group downgraded Murphy Oil from a “buy” rating to a “neutral” rating and lifted their target price for the company from $13.50 to $14.50 in a research note on Monday, June 22nd. Finally, MKM Partners downgraded Murphy Oil from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research note on Monday, June 8th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. Murphy Oil has a consensus rating of “Hold” and an average target price of $16.75.
NYSE:MUR opened at $13.80 on Monday. Murphy Oil has a 12-month low of $4.50 and a 12-month high of $28.12. The firm has a market capitalization of $1.88 billion, a P/E ratio of 3.33 and a beta of 3.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.40 and a quick ratio of 1.32. The business has a 50 day simple moving average of $13.58 and a 200 day simple moving average of $16.28.
Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.30) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.15. Murphy Oil had a return on equity of 1.30% and a net margin of 21.89%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $600.87 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 59.2% compared to the same quarter last year. Research analysts anticipate that Murphy Oil will post -2.45 EPS for the current fiscal year.
In other news, VP Christopher D. Hulse sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $15.67, for a total transaction of $78,350.00. Also, VP Christopher D. Hulse sold 4,447 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $17.12, for a total value of $76,132.64. Following the sale, the vice president now directly owns 9,179 shares in the company, valued at $157,144.48. The disclosure for this sale can be found here. 6.59% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Murphy Oil during the fourth quarter valued at $63,304,000. State Street Corp grew its holdings in shares of Murphy Oil by 15.6% during the first quarter. State Street Corp now owns 7,102,795 shares of the oil and gas producer’s stock valued at $43,540,000 after buying an additional 958,974 shares in the last quarter. Pzena Investment Management LLC grew its holdings in shares of Murphy Oil by 37.1% during the first quarter. Pzena Investment Management LLC now owns 3,462,504 shares of the oil and gas producer’s stock valued at $21,225,000 after buying an additional 936,946 shares in the last quarter. Poplar Forest Capital LLC grew its holdings in shares of Murphy Oil by 138.3% during the first quarter. Poplar Forest Capital LLC now owns 1,539,267 shares of the oil and gas producer’s stock valued at $9,436,000 after buying an additional 893,455 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Murphy Oil by 4.9% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 13,982,865 shares of the oil and gas producer’s stock valued at $374,741,000 after buying an additional 658,967 shares in the last quarter. 97.26% of the stock is currently owned by 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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