Murphy Oil (MUR) Upgraded to B- by TheStreet

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TheStreet upgraded shares of Murphy Oil (NYSE:MUR) from a c+ rating to a b- rating in a research note published on Thursday.

Several other research analysts have also weighed in on MUR. Barclays boosted their price objective on shares of Murphy Oil from $34.00 to $36.00 and gave the stock an equal weight rating in a research note on Wednesday, July 11th. Zacks Investment Research upgraded shares of Murphy Oil from a hold rating to a buy rating and set a $38.00 price objective on the stock in a research note on Tuesday, October 23rd. Piper Jaffray Companies restated a hold rating and set a $43.00 price objective on shares of Murphy Oil in a research note on Wednesday, October 24th. Credit Suisse Group set a $36.00 price objective on shares of Murphy Oil and gave the stock a hold rating in a research note on Friday. Finally, Morgan Stanley assumed coverage on shares of Murphy Oil in a research note on Thursday, July 12th. They set an underweight rating and a $26.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $36.00.

Shares of Murphy Oil stock traded up $0.23 during trading on Thursday, hitting $30.99. 3,077,830 shares of the stock were exchanged, compared to its average volume of 2,419,715. The firm has a market capitalization of $5.51 billion, a PE ratio of -238.38 and a beta of 2.11. Murphy Oil has a 1-year low of $24.39 and a 1-year 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 released its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). The firm had revenue of $674.80 million for the quarter, compared to analyst estimates of $633.20 million. Murphy Oil had a return on equity of 3.79% and a net margin of 0.86%. The firm’s revenue for the quarter was up 35.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.38) earnings per share. As a group, analysts expect that Murphy Oil will post 1.76 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 3.23%. Murphy Oil’s dividend payout ratio (DPR) is currently -769.23%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Qube Research & Technologies Ltd acquired a new position in Murphy Oil in the 2nd quarter valued at about $126,000. Legacy Financial Advisors Inc. acquired a new position in Murphy Oil in the 2nd quarter valued at about $135,000. North Star Investment Management Corp. acquired a new position in Murphy Oil in the 2nd quarter valued at about $142,000. Penserra Capital Management LLC grew its stake in Murphy Oil by 102.1% in the 3rd quarter. Penserra Capital Management LLC now owns 5,052 shares of the oil and gas producer’s stock valued at $167,000 after buying an additional 2,552 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Murphy Oil in the 2nd quarter valued at about $201,000. 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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Analyst Recommendations for Murphy Oil (NYSE:MUR)

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