Brokerages Set Murphy Oil Co. (MUR) Target Price at $32.18
Murphy Oil Co. (NYSE:MUR) has been given an average recommendation of “Hold” by the fourteen analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $32.18.
Several equities analysts have commented on the stock. Credit Suisse Group started coverage on shares of Murphy Oil in a report on Monday, December 11th. They issued a “neutral” rating and a $30.00 price objective on the stock. Zacks Investment Research cut shares of Murphy Oil from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Barclays boosted their target price on shares of Murphy Oil from $29.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. ValuEngine cut shares of Murphy Oil from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Morgan Stanley boosted their target price on shares of Murphy Oil from $26.00 to $33.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th.
In related news, insider Eugene T. Coleman sold 33,435 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $28.88, for a total transaction of $965,602.80. Following the completion of the sale, the insider now owns 57,246 shares of the company’s stock, valued at $1,653,264.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.89% of the company’s stock.
Murphy Oil (NYSE:MUR) traded down $1.17 during trading hours on Wednesday, hitting $25.18. 3,148,152 shares of the company’s stock traded hands, compared to its average volume of 2,645,850. Murphy Oil has a 12-month low of $22.21 and a 12-month high of $35.16. The firm has a market capitalization of $4,588.71, a P/E ratio of -13.99 and a beta of 2.30. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.60 and a current ratio of 1.64.
Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. Murphy Oil had a negative net margin of 14.31% and a negative return on equity of 0.45%. The firm had revenue of $541.58 million for the quarter, compared to the consensus estimate of $552.54 million. During the same period in the previous year, the company earned ($0.16) earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. equities research analysts expect that Murphy Oil will post 0.85 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th will be given a $0.25 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.97%. Murphy Oil’s payout ratio is presently -55.56%.
About Murphy Oil
Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
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