Murphy Oil (NYSE:MUR) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a research note issued on Thursday.
Several other research firms also recently commented on MUR. KLR Group reaffirmed a “buy” rating and issued a $39.00 price target on shares of Murphy Oil in a research note on Monday, August 20th. Credit Suisse Group set a $36.00 price target on shares of Murphy Oil and gave the stock a “hold” rating in a research note on Friday. Zacks Investment Research downgraded shares of Murphy Oil from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. Morgan Stanley started coverage on shares of Murphy Oil in a research note on Thursday, July 12th. They issued an “underweight” rating and a $26.00 price target on the stock. Finally, Mizuho started coverage on shares of Murphy Oil in a research note on Monday, July 23rd. They issued an “underperform” rating and a $36.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Murphy Oil has a consensus rating of “Hold” and an average price target of $36.00.
MUR stock traded up $0.23 during trading on Thursday, hitting $30.99. The company had a trading volume of 3,077,830 shares, compared to its average volume of 2,419,715. The company has a market capitalization of $5.51 billion, a PE ratio of -238.38 and a beta of 2.11. Murphy Oil has a 52-week low of $24.39 and a 52-week high of $36.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.46 and a quick ratio of 1.35.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, November 7th. The oil and gas producer reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The company had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $633.20 million. Murphy Oil had a return on equity of 3.79% and a net margin of 0.86%. The company’s quarterly revenue was up 35.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.38) EPS. Sell-side analysts forecast that Murphy Oil will post 1.76 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Mutual of America Capital Management LLC increased its position in Murphy Oil by 5.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 139,642 shares of the oil and gas producer’s stock valued at $4,716,000 after purchasing an additional 6,961 shares during the period. Royal London Asset Management Ltd. purchased a new position in Murphy Oil during the 2nd quarter valued at about $2,265,000. Quantum Capital Management purchased a new position in Murphy Oil during the 2nd quarter valued at about $539,000. Advisor Partners LLC purchased a new position in Murphy Oil during the 2nd quarter valued at about $227,000. Finally, Legacy Financial Advisors Inc. purchased a new position in Murphy Oil during the 2nd quarter valued at about $135,000. 88.62% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also: Exchange-Traded Funds (ETFs)
Receive News & Ratings for Murphy Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil and related companies with MarketBeat.com's FREE daily email newsletter.