Capital One Financial began coverage on shares of Murphy Oil (NYSE:MUR) in a research note released on Wednesday morning, Briefing.com Automated Import reports. The brokerage issued an overweight rating and a $37.00 price objective on the oil and gas producer’s stock. Capital One Financial also issued estimates for Murphy Oil’s Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $1.19 EPS and FY2020 earnings at $1.96 EPS.
Several other brokerages have also commented on MUR. Evercore ISI lowered PACCAR from an outperform rating to an in-line rating and boosted their price target for the stock from $73.00 to $76.00 in a research note on Thursday, May 30th. ValuEngine lowered Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. TheStreet raised Third Point Reinsurance from a d+ rating to a c- rating in a research note on Tuesday, May 14th. Zacks Investment Research raised Grana y Montero SAA from a sell rating to a hold rating in a research note on Monday, June 10th. Finally, Goldman Sachs Group lowered Encana to a buy rating in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Murphy Oil presently has an average rating of Hold and an average price target of $33.89.
Shares of NYSE:MUR opened at $23.75 on Wednesday. The stock’s 50 day moving average price is $24.49. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 18.85 and a beta of 1.94. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.61 and a quick ratio of 1.56. Murphy Oil has a 12 month low of $21.51 and a 12 month high of $36.53.
Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.05. The business had revenue of $591.00 million for the quarter, compared to analyst estimates of $557.15 million. Murphy Oil had a return on equity of 4.10% and a net margin of 10.99%. The company’s quarterly revenue was up 57.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 EPS. On average, sell-side analysts expect that Murphy Oil will post 1.27 EPS for the current year.
In other news, insider Thomas J. Mireles sold 7,400 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $27.60, for a total transaction of $204,240.00. Following the completion of the sale, the insider now directly owns 21,368 shares in the company, valued at approximately $589,756.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.46% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its position in Murphy Oil by 632.3% in the 1st quarter. Quadrant Capital Group LLC now owns 2,065 shares of the oil and gas producer’s stock valued at $58,000 after buying an additional 1,783 shares during the last quarter. Penserra Capital Management LLC boosted its position in Murphy Oil by 247.7% in the 1st quarter. Penserra Capital Management LLC now owns 4,729 shares of the oil and gas producer’s stock valued at $138,000 after buying an additional 3,369 shares during the last quarter. Investors Research Corp purchased a new position in Murphy Oil in the 1st quarter valued at about $149,000. MHI Funds LLC purchased a new position in Murphy Oil in the 1st quarter valued at about $192,000. Finally, Pearl River Capital LLC boosted its position in Murphy Oil by 906.8% in the 1st quarter. Pearl River Capital LLC now owns 6,766 shares of the oil and gas producer’s stock valued at $198,000 after buying an additional 6,094 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.
About Murphy Oil
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.
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