Murphy Oil (NYSE:MUR) received a $31.00 target price from equities research analysts at Credit Suisse Group in a research note issued on Thursday. The firm currently has a “hold” rating on the oil and gas producer’s stock. Credit Suisse Group’s target price suggests a potential upside of 9.77% from the stock’s current price.
Other research analysts have also issued reports about the stock. TheStreet upgraded shares of Murphy Oil from a “c+” rating to a “b” rating in a research note on Friday, February 1st. Zacks Investment Research upgraded shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Tuesday, October 23rd. MKM Partners started coverage on shares of Murphy Oil in a research note on Wednesday, December 5th. They issued a “buy” rating and a $44.00 price target on the stock. Stephens started coverage on shares of Murphy Oil in a research note on Thursday, December 6th. They issued an “equal weight” rating and a $38.00 price target on the stock. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $43.00 price target on shares of Murphy Oil in a research note on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $34.33.
Murphy Oil stock opened at $28.24 on Thursday. The stock has a market cap of $4.53 billion, a PE ratio of 22.41 and a beta of 2.19. Murphy Oil has a fifty-two week low of $21.51 and a fifty-two week high of $36.53. The company has a current ratio of 1.04, a quick ratio of 1.47 and a debt-to-equity ratio of 0.62.
Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Thursday, January 31st. The oil and gas producer reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $692.01 million for the quarter, compared to analyst estimates of $668.85 million. Murphy Oil had a net margin of 15.99% and a return on equity of 4.51%. During the same period in the previous year, the business earned $0.08 EPS. Research analysts expect that Murphy Oil will post 0.93 EPS for the current fiscal year.
In other Murphy Oil news, insider Kelli M. Hammock sold 2,595 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $31.56, for a total value of $81,898.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Claiborne P. Deming acquired 10,000 shares of the business’s stock in a transaction on Monday, November 19th. The stock was acquired at an average cost of $31.60 per share, with a total value of $316,000.00. The disclosure for this purchase can be found here. 6.59% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BOKF NA boosted its holdings in Murphy Oil by 6.9% in the 4th quarter. BOKF NA now owns 16,686 shares of the oil and gas producer’s stock valued at $390,000 after purchasing an additional 1,074 shares during the period. American International Group Inc. boosted its holdings in Murphy Oil by 0.3% in the 4th quarter. American International Group Inc. now owns 331,598 shares of the oil and gas producer’s stock valued at $7,756,000 after purchasing an additional 910 shares during the period. Geode Capital Management LLC boosted its holdings in Murphy Oil by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,980,418 shares of the oil and gas producer’s stock valued at $46,321,000 after purchasing an additional 52,963 shares during the period. Neuburgh Advisers LLC boosted its holdings in Murphy Oil by 38.4% in the 4th quarter. Neuburgh Advisers LLC now owns 147,552 shares of the oil and gas producer’s stock valued at $3,451,000 after purchasing an additional 40,976 shares during the period. Finally, Gideon Capital Advisors Inc. bought a new stake in Murphy Oil in the 4th quarter valued at about $910,000. 87.14% of the stock is owned by hedge funds and other institutional investors.
About Murphy Oil
Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. 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. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.
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