Murphy Oil Co. (NYSE:MUR) Receives $30.47 Consensus Price Target from Brokerages

Shares of Murphy Oil Co. (NYSE:MUR) have earned an average recommendation of “Hold” from the twenty brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $30.47.

A number of equities research analysts recently commented on MUR shares. Scotiabank cut shares of Murphy Oil from an “outperform” rating to a “sector perform” rating in a report on Tuesday, November 12th. ValuEngine raised Murphy Oil from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Piper Jaffray Companies set a $38.00 price objective on Murphy Oil and gave the company a “hold” rating in a report on Friday, August 16th. MKM Partners set a $38.00 target price on Murphy Oil and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, KeyCorp started coverage on Murphy Oil in a research note on Monday, September 9th. They issued an “overweight” rating and a $24.00 target price on the stock.

In other Murphy Oil news, SVP Thomas J. Mireles sold 1,368 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $24.64, for a total transaction of $33,707.52. Following the sale, the senior vice president now owns 20,000 shares in the company, valued at $492,800. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 6.46% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. NuWave Investment Management LLC lifted its holdings in Murphy Oil by 391.9% during the 3rd quarter. NuWave Investment Management LLC now owns 2,617 shares of the oil and gas producer’s stock worth $53,000 after purchasing an additional 2,085 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Murphy Oil during the second quarter valued at about $72,000. Capital Investment Advisory Services LLC increased its position in shares of Murphy Oil by 583.3% during the third quarter. Capital Investment Advisory Services LLC now owns 4,100 shares of the oil and gas producer’s stock valued at $91,000 after buying an additional 3,500 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Murphy Oil by 10.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 5,768 shares of the oil and gas producer’s stock worth $142,000 after buying an additional 560 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of Murphy Oil in the second quarter worth about $205,000. Institutional investors own 94.97% of the company’s stock.

MUR traded up $0.79 during trading on Wednesday, hitting $24.13. 2,903,151 shares of the company traded hands, compared to its average volume of 2,607,947. Murphy Oil has a one year low of $17.04 and a one year high of $31.40. The stock’s fifty day moving average is $22.28 and its 200 day moving average is $22.38. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.54. The firm has a market cap of $3.62 billion, a P/E ratio of 19.15 and a beta of 2.09.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.36 EPS for the quarter, topping the consensus estimate of $0.22 by $0.14. Murphy Oil had a net margin of 47.16% and a return on equity of 3.21%. The business had revenue of $817.08 million for the quarter, compared to analyst estimates of $701.64 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. The company’s revenue for the quarter was up 66.6% on a year-over-year basis. On average, equities research analysts forecast that Murphy Oil will post 1.06 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 4.14%. Murphy Oil’s dividend payout ratio is 79.37%.

Murphy Oil Company Profile

Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, 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.

Featured Article: Should you buy a closed-end mutual fund?

Analyst Recommendations for Murphy Oil (NYSE:MUR)

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.