Murphy Oil (NYSE:MUR) was upgraded by research analysts at National Alliance Securities from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports.
Several other equities analysts have also recently weighed in on the company. Morgan Stanley cut their price objective on Murphy Oil from $26.00 to $24.00 and set a “sell” rating for the company in a research report on Thursday, August 16th. Wells Fargo & Co lowered their price target on Murphy Oil from $36.00 to $34.00 and set a “market perform” rating on the stock in a research note on Friday, August 10th. Zacks Investment Research upgraded Murphy Oil from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Friday, August 24th. KLR Group restated a “buy” rating and set a $39.00 price target on shares of Murphy Oil in a research note on Monday, August 20th. Finally, Piper Jaffray Companies restated a “neutral” rating on shares of Murphy Oil in a research note on Friday, September 28th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $34.80.
NYSE MUR opened at $35.78 on Thursday. Murphy Oil has a twelve month low of $24.39 and a twelve month high of $36.53. The company has a quick ratio of 1.35, a current ratio of 1.46 and a debt-to-equity ratio of 0.62. The stock has a market cap of $5.77 billion, a P/E ratio of -275.23 and a beta of 2.25.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. Murphy Oil had a positive return on equity of 2.32% and a negative net margin of 6.19%. The business had revenue of $655.15 million during the quarter, compared to analysts’ expectations of $623.76 million. During the same quarter in the previous year, the firm earned ($0.11) EPS. The firm’s revenue was up 37.2% compared to the same quarter last year. As a group, analysts expect that Murphy Oil will post 1.64 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC grew its stake in shares of Murphy Oil by 11.4% in the 2nd quarter. Advisory Services Network LLC now owns 16,553 shares of the oil and gas producer’s stock valued at $546,000 after purchasing an additional 1,694 shares during the period. Aperio Group LLC grew its stake in shares of Murphy Oil by 2.1% in the 2nd quarter. Aperio Group LLC now owns 129,571 shares of the oil and gas producer’s stock valued at $4,376,000 after purchasing an additional 2,661 shares during the period. Fox Run Management L.L.C. grew its stake in shares of Murphy Oil by 25.2% in the 2nd quarter. Fox Run Management L.L.C. now owns 13,597 shares of the oil and gas producer’s stock valued at $459,000 after purchasing an additional 2,734 shares during the period. American International Group Inc. grew its stake in shares of Murphy Oil by 0.9% in the 2nd quarter. American International Group Inc. now owns 327,393 shares of the oil and gas producer’s stock valued at $11,056,000 after purchasing an additional 2,853 shares during the period. Finally, Stephens Inc. AR grew its stake in shares of Murphy Oil by 4.3% in the 2nd quarter. Stephens Inc. AR now owns 72,786 shares of the oil and gas producer’s stock valued at $2,458,000 after purchasing an additional 3,025 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.
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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