Murphy Oil Co. (MUR) Receives Average Recommendation of “Hold” from Analysts

Murphy Oil Co. (NYSE:MUR) has received an average rating of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $32.18.

Several equities analysts have weighed in on the stock. ValuEngine cut shares of Murphy Oil from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Barclays lifted their price objective on shares of Murphy Oil from $29.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Stephens set a $37.00 price objective on shares of Murphy Oil and gave the stock a “buy” rating in a research report on Monday, January 22nd. Zacks Investment Research upgraded shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Friday, October 27th. Finally, Cowen set a $34.00 price objective on shares of Murphy Oil and gave the stock a “hold” rating in a research report on Thursday, January 18th.

In other news, insider Eugene T. Coleman sold 33,435 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $28.88, for a total transaction of $965,602.80. Following the transaction, the insider now directly owns 57,246 shares in the company, valued at approximately $1,653,264.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 6.89% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. NuWave Investment Management LLC purchased a new position in shares of Murphy Oil during the 4th quarter valued at $125,000. Advisor Group Inc. lifted its stake in shares of Murphy Oil by 8.0% in the 2nd quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock valued at $105,000 after purchasing an additional 301 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Murphy Oil in the 4th quarter valued at $197,000. Advisor Partners LLC acquired a new stake in shares of Murphy Oil in the 4th quarter valued at $227,000. Finally, Gofen & Glossberg LLC IL acquired a new stake in shares of Murphy Oil in the 4th quarter valued at $220,000. Institutional investors and hedge funds own 97.78% of the company’s stock.

Murphy Oil (MUR) traded down $0.52 during midday trading on Wednesday, reaching $26.59. 2,031,200 shares of the company’s stock traded hands, compared to its average volume of 2,656,615. Murphy Oil has a 12-month low of $22.21 and a 12-month high of $35.16. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.60 and a current ratio of 1.64. The stock has a market cap of $4,588.71, a PE ratio of -14.77 and a beta of 2.25.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share for the quarter, topping the 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 firm had revenue of $541.58 million for the quarter, compared to analysts’ expectations of $552.54 million. During the same period in the previous year, the company posted ($0.16) EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. equities research analysts expect that Murphy Oil will post 0.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, February 16th. Murphy Oil’s dividend payout ratio is currently -55.56%.

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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.

Analyst Recommendations for Murphy Oil (NYSE:MUR)

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