ValuEngine Lowers Murphy Oil (MUR) to Sell

Murphy Oil (NYSE:MUR) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, February 2nd.

MUR has been the topic of several other research reports. Morgan Stanley upped their price target on shares of Murphy Oil from $23.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. Cowen set a $34.00 price target on shares of Murphy Oil and gave the stock a “hold” rating in a research report on Thursday, January 18th. Stephens set a $37.00 price target on shares of Murphy Oil and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Credit Suisse Group initiated coverage on shares of Murphy Oil in a research report on Monday, December 11th. They set a “neutral” rating and a $30.00 price target on the stock. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.83.

Shares of Murphy Oil (MUR) opened at $27.30 on Friday. Murphy Oil has a 52 week low of $22.21 and a 52 week high of $35.16. The company has a quick ratio of 1.60, a current ratio of 1.64 and a debt-to-equity ratio of 0.63. The company has a market cap of $4,545.57, a price-to-earnings ratio of -15.17 and a beta of 2.25.

Murphy Oil (NYSE:MUR) last issued its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. Murphy Oil had a negative net margin of 14.31% and a negative return on equity of 0.45%. The company had revenue of $541.58 million for the quarter, compared to the consensus estimate of $552.54 million. During the same quarter in the previous year, the company earned ($0.16) EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. sell-side analysts expect that Murphy Oil will post 0.85 earnings per share for the current fiscal year.

In other news, insider Eugene T. Coleman sold 33,435 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $28.88, for a total value of $965,602.80. Following the completion of the sale, the insider now directly owns 57,246 shares of the company’s stock, valued at approximately $1,653,264.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John B. Gardner sold 3,783 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $27.84, for a total value of $105,318.72. The disclosure for this sale can be found here. Corporate insiders own 6.89% of the company’s stock.

Several hedge funds have recently made changes to their positions in MUR. Caisse DE Depot ET Placement DU Quebec increased its stake in Murphy Oil by 11.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 37,300 shares of the oil and gas producer’s stock worth $995,000 after purchasing an additional 3,700 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Murphy Oil by 101.1% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 99,446 shares of the oil and gas producer’s stock worth $2,641,000 after purchasing an additional 50,000 shares in the last quarter. Shell Asset Management Co. increased its stake in Murphy Oil by 103.3% during the 3rd quarter. Shell Asset Management Co. now owns 26,101 shares of the oil and gas producer’s stock worth $1,485,000 after purchasing an additional 13,262 shares in the last quarter. Magnetar Financial LLC bought a new stake in Murphy Oil during the 3rd quarter worth approximately $2,163,000. Finally, Teacher Retirement System of Texas bought a new stake in Murphy Oil during the 3rd quarter worth approximately $3,405,000. 96.23% of the stock is owned by institutional investors.

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About Murphy Oil

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.

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Analyst Recommendations for Murphy Oil (NYSE:MUR)

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