Shares of Murphy Oil Co. (NYSE:MUR – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $51.00.
A number of research firms have weighed in on MUR. Roth Mkm reaffirmed a “buy” rating on shares of Murphy Oil in a report on Wednesday, March 20th. Scotiabank lowered Murphy Oil from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the company from $46.00 to $50.00 in a report on Thursday, April 11th. Truist Financial lifted their target price on Murphy Oil from $58.00 to $59.00 and gave the company a “buy” rating in a report on Friday, April 5th. KeyCorp lifted their target price on Murphy Oil from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, Barclays initiated coverage on Murphy Oil in a report on Wednesday, April 10th. They set an “equal weight” rating and a $54.00 target price for the company.
Read Our Latest Research Report on Murphy Oil
Institutional Trading of Murphy Oil
Murphy Oil Trading Down 0.1 %
Shares of MUR opened at $41.04 on Friday. The business has a 50-day moving average of $42.18 and a 200 day moving average of $42.05. Murphy Oil has a fifty-two week low of $36.34 and a fifty-two week high of $49.14. The firm has a market cap of $6.26 billion, a P/E ratio of 11.43 and a beta of 2.26. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.87 and a current ratio of 0.93.
Murphy Oil (NYSE:MUR – Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. Murphy Oil had a return on equity of 11.75% and a net margin of 16.40%. The company had revenue of $794.80 million during the quarter, compared to analyst estimates of $750.94 million. During the same quarter last year, the firm posted $1.24 EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, research analysts forecast that Murphy Oil will post 4.23 EPS for the current year.
Murphy Oil Company Profile
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.
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