Murphy Oil (NYSE:MUR) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Thursday.
A number of other equities analysts have also weighed in on MUR. Barclays upped their target price on shares of Murphy Oil from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 11th. Morgan Stanley initiated coverage on shares of Murphy Oil in a research report on Thursday, July 12th. They set an “underweight” rating and a $26.00 target price for the company. Mizuho initiated coverage on shares of Murphy Oil in a research report on Monday, July 23rd. They set an “underperform” rating and a $36.00 target price for the company. Wells Fargo & Co dropped their target price on shares of Murphy Oil from $36.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, August 10th. Finally, KLR Group restated a “buy” rating and set a $39.00 target price on shares of Murphy Oil in a research report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $36.00.
Shares of NYSE:MUR traded up $0.23 during midday trading on Thursday, reaching $30.99. 3,077,830 shares of the company were exchanged, compared to its average volume of 2,419,715. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.46. Murphy Oil has a one year low of $24.39 and a one year high of $36.53. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of -238.38 and a beta of 2.11.
Murphy Oil (NYSE:MUR) last issued its earnings results on Wednesday, November 7th. The oil and gas producer reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). Murphy Oil had a return on equity of 3.79% and a net margin of 0.86%. The company had revenue of $674.80 million for the quarter, compared to the consensus estimate of $633.20 million. During the same quarter in the prior year, the company posted ($0.38) EPS. Murphy Oil’s revenue was up 35.4% compared to the same quarter last year. As a group, research analysts predict that Murphy Oil will post 1.76 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in MUR. UBS Group AG lifted its position in Murphy Oil by 29.4% during the first quarter. UBS Group AG now owns 107,274 shares of the oil and gas producer’s stock valued at $2,772,000 after purchasing an additional 24,369 shares during the last quarter. Principal Financial Group Inc. lifted its position in Murphy Oil by 4.3% during the first quarter. Principal Financial Group Inc. now owns 1,092,164 shares of the oil and gas producer’s stock valued at $28,221,000 after purchasing an additional 44,877 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Murphy Oil by 119.4% during the first quarter. Allianz Asset Management GmbH now owns 24,704 shares of the oil and gas producer’s stock valued at $639,000 after purchasing an additional 13,446 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Murphy Oil by 40.0% during the second quarter. State of Alaska Department of Revenue now owns 17,930 shares of the oil and gas producer’s stock valued at $605,000 after purchasing an additional 5,120 shares during the last quarter. Finally, Gofen & Glossberg LLC IL bought a new stake in shares of Murphy Oil in the 2nd quarter worth about $226,000. Institutional investors and hedge funds own 88.62% of the company’s stock.
Murphy Oil Company Profile
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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