Stephens Initiates Coverage on Murphy Oil (MUR)

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Research analysts at Stephens initiated coverage on shares of Murphy Oil (NYSE:MUR) in a report issued on Thursday, MarketBeat Ratings reports. The firm set an “equal weight” rating and a $38.00 price target on the oil and gas producer’s stock. Stephens’ target price indicates a potential upside of 26.71% from the stock’s previous close.

A number of other analysts also recently issued reports on MUR. Wells Fargo & Co cut their price objective on 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. 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. KLR Group reissued a “buy” rating and set a $39.00 price objective on shares of Murphy Oil in a research report on Monday, August 20th. Zacks Investment Research raised Murphy Oil from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Friday, August 24th. Finally, Piper Jaffray Companies reissued a “neutral” rating on shares of Murphy Oil in a research report on Friday, September 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Murphy Oil presently has a consensus rating of “Hold” and a consensus price target of $36.69.

Shares of NYSE:MUR opened at $29.99 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.58 and a quick ratio of 1.47. The stock has a market cap of $5.23 billion, a P/E ratio of -230.69 and a beta of 2.09. Murphy Oil has a 12-month low of $24.39 and a 12-month high of $36.53.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The business 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 3.77% and a net margin of 0.86%. The firm’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.38) earnings per share. On average, sell-side analysts forecast that Murphy Oil will post 1.49 EPS for the current year.

In other news, Director Claiborne P. Deming bought 10,000 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was bought at an average cost of $31.60 per share, for a total transaction of $316,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kelli M. Hammock sold 2,595 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $31.56, for a total value of $81,898.20. The disclosure for this sale can be found here. Company insiders own 6.89% of the company’s stock.

A number of institutional investors have recently made changes to their positions in MUR. Aperio Group LLC boosted its holdings in Murphy Oil by 2.1% during 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 acquiring an additional 2,661 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Murphy Oil in the 2nd quarter valued at about $2,570,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Murphy Oil in the 2nd quarter valued at about $201,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Murphy Oil in the 2nd quarter valued at about $1,483,000. Finally, Brookstone Capital Management purchased a new position in shares of Murphy Oil in the 2nd quarter valued at about $535,000. Institutional investors own 86.84% 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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Analyst Recommendations for Murphy Oil (NYSE:MUR)

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