Murphy Oil Co. (NYSE:MUR) Receives $50.27 Consensus Target Price from Brokerages

Shares of Murphy Oil Co. (NYSE:MUR) have earned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $50.27.

A number of equities research analysts have commented on MUR shares. StockNews.com cut Murphy Oil from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Wolfe Research started coverage on Murphy Oil in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. KeyCorp raised their price objective on Murphy Oil from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Barclays started coverage on Murphy Oil in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $54.00 price objective for the company. Finally, Scotiabank dropped their target price on Murphy Oil from $50.00 to $47.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th.

Murphy Oil Trading Down 0.5 %

NYSE MUR opened at $40.07 on Tuesday. The business has a 50 day simple moving average of $40.78 and a 200 day simple moving average of $41.84. Murphy Oil has a one year low of $36.95 and a one year high of $49.14. The stock has a market capitalization of $6.11 billion, a P/E ratio of 11.16 and a beta of 2.26. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.87.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Murphy Oil had a return on equity of 11.75% and a net margin of 16.40%. The firm had revenue of $794.80 million during the quarter, compared to analysts’ expectations of $750.94 million. During the same quarter last year, the firm posted $1.24 earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. Research analysts expect that Murphy Oil will post 4.16 earnings per share for the current year.

Institutional Trading of Murphy Oil

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Murphy Oil by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,861,968 shares of the oil and gas producer’s stock worth $335,397,000 after acquiring an additional 207,547 shares during the period. Natixis Advisors L.P. lifted its holdings in Murphy Oil by 11.9% during the fourth quarter. Natixis Advisors L.P. now owns 164,568 shares of the oil and gas producer’s stock worth $7,020,000 after acquiring an additional 17,556 shares during the period. Duality Advisers LP lifted its holdings in Murphy Oil by 364.6% during the first quarter. Duality Advisers LP now owns 113,451 shares of the oil and gas producer’s stock worth $5,185,000 after acquiring an additional 89,032 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Murphy Oil by 138.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 29,702 shares of the oil and gas producer’s stock worth $1,357,000 after acquiring an additional 17,265 shares during the period. Finally, DRW Securities LLC lifted its holdings in Murphy Oil by 280.0% during the fourth quarter. DRW Securities LLC now owns 72,200 shares of the oil and gas producer’s stock worth $3,080,000 after acquiring an additional 53,201 shares during the period. 78.31% of the stock is currently owned by institutional investors.

About Murphy Oil

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, and internationally. 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.