Murphy Oil (MUR) Raised to B- at TheStreet

Murphy Oil (NYSE:MUR) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued to clients and investors on Thursday.

MUR has been the subject of a number of other research reports. Credit Suisse Group lifted their target price on shares of Murphy Oil from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, October 11th. Zacks Investment Research lowered shares of Murphy Oil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 17th. Barclays raised their price target on shares of Murphy Oil from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, July 11th. Wells Fargo & Co lowered their price target on shares of Murphy Oil from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Friday, August 10th. Finally, Morgan Stanley lowered their price target on shares of Murphy Oil from $26.00 to $24.00 and set a “sell” rating for the company in a report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.00.

NYSE:MUR opened at $30.99 on Thursday. 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. The company has a market capitalization of $5.51 billion, a PE ratio of -238.38 and a beta of 2.11.

Murphy Oil (NYSE:MUR) last posted its earnings results 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). Murphy Oil had a net margin of 0.86% and a return on equity of 3.79%. The firm had revenue of $674.80 million during the quarter, compared to the consensus estimate of $633.20 million. During the same quarter last year, the firm posted ($0.38) EPS. The business’s revenue was up 35.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Murphy Oil will post 1.76 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Murphy Oil by 1.9% during the 2nd quarter. BlackRock Inc. now owns 16,118,018 shares of the oil and gas producer’s stock worth $544,306,000 after acquiring an additional 295,199 shares during the period. FMR LLC grew its holdings in Murphy Oil by 1.2% during the 3rd quarter. FMR LLC now owns 16,054,989 shares of the oil and gas producer’s stock worth $535,273,000 after acquiring an additional 186,575 shares during the period. Dimensional Fund Advisors LP grew its holdings in Murphy Oil by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,663,498 shares of the oil and gas producer’s stock worth $191,257,000 after acquiring an additional 33,477 shares during the period. Wedge Capital Management L L P NC grew its holdings in Murphy Oil by 11.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 5,310,331 shares of the oil and gas producer’s stock worth $177,046,000 after acquiring an additional 554,530 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Murphy Oil by 3.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,775,545 shares of the oil and gas producer’s stock worth $125,877,000 after acquiring an additional 129,923 shares during the period. 88.62% of the stock is owned by institutional investors and hedge funds.

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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