Murphy Oil Co. (NYSE:MUR) Receives Average Recommendation of “Hold” from Analysts

Murphy Oil Co. (NYSE:MUR) has been given an average rating of “Hold” by the eighteen analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $31.71.

A number of equities analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Murphy Oil from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Friday, July 12th. Credit Suisse Group dropped their price objective on shares of Murphy Oil from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. MKM Partners set a $38.00 price objective on shares of Murphy Oil and gave the stock a “buy” rating in a research note on Monday, August 12th. Zacks Investment Research raised shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Monday, June 10th. Finally, Stephens set a $40.00 price target on shares of Murphy Oil and gave the stock a “hold” rating in a research note on Friday, May 17th.

In related news, Director Walentin Mirosh sold 1,360 shares of Murphy Oil stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $18.52, for a total transaction of $25,187.20. Following the completion of the transaction, the director now directly owns 25,365 shares of the company’s stock, valued at approximately $469,759.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.46% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in MUR. Tower Research Capital LLC TRC bought a new stake in Murphy Oil during the 2nd quarter valued at about $72,000. Penserra Capital Management LLC lifted its holdings in Murphy Oil by 247.7% during 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 in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Murphy Oil by 10.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,768 shares of the oil and gas producer’s stock valued at $142,000 after buying an additional 560 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in Murphy Oil during the 2nd quarter valued at about $219,000. Finally, Point72 Hong Kong Ltd bought a new stake in Murphy Oil during the 2nd quarter valued at about $228,000. Institutional investors own 90.23% of the company’s stock.

NYSE MUR traded up $0.05 on Friday, reaching $20.47. The company had a trading volume of 51,408 shares, compared to its average volume of 2,594,314. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $3.38 billion, a PE ratio of 16.21 and a beta of 2.02. The firm’s 50 day moving average price is $20.16 and its 200 day moving average price is $25.09. Murphy Oil has a 12 month low of $17.04 and a 12 month high of $36.53.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Murphy Oil had a net margin of 12.37% and a return on equity of 3.48%. The company had revenue of $709.00 million for the quarter, compared to the consensus estimate of $612.71 million. During the same period in the previous year, the firm posted $0.36 EPS. Murphy Oil’s revenue for the quarter was up 81.8% compared to the same quarter last year. On average, research analysts expect that Murphy Oil will post 0.88 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, August 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.89%. Murphy Oil’s dividend payout ratio is presently 79.37%.

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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Analyst Recommendations for Murphy Oil (NYSE:MUR)

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