Murphy Oil (NYSE:MUR) was upgraded by National Alliance Securities from a “hold” rating to a “buy” rating in a report released on Thursday, MarketBeat Ratings reports.

A number of other research firms have also commented on MUR. KLR Group restated a “buy” rating and set a $39.00 price target on shares of Murphy Oil in a research report on Monday, August 20th. Zacks Investment Research raised Murphy Oil from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a report on Tuesday, July 3rd. Morgan Stanley started coverage on Murphy Oil in a report on Thursday, July 12th. They set an “underweight” rating and a $26.00 price objective on the stock. Mizuho started coverage on Murphy Oil in a report on Monday, July 23rd. They set an “underperform” rating and a $36.00 price objective on the stock. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Murphy Oil in a report on Friday, September 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Murphy Oil presently has a consensus rating of “Hold” and a consensus price target of $34.80.

NYSE MUR opened at $35.78 on Thursday. The company has a market cap of $5.77 billion, a P/E ratio of -275.23 and a beta of 2.25. Murphy Oil has a one year low of $24.39 and a one year high of $36.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.46.

Murphy Oil (NYSE:MUR) last released its quarterly earnings results on Wednesday, August 8th. The oil and gas producer reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The business had revenue of $655.15 million for the quarter, compared to analyst estimates of $623.76 million. Murphy Oil had a positive return on equity of 2.32% and a negative net margin of 6.19%. Murphy Oil’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.11) EPS. Analysts forecast that Murphy Oil will post 1.64 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its stake in shares of Murphy Oil by 22.8% in the 1st quarter. Russell Investments Group Ltd. now owns 263,181 shares of the oil and gas producer’s stock valued at $6,797,000 after purchasing an additional 48,888 shares during the period. Sei Investments Co. lifted its stake in shares of Murphy Oil by 98.2% in the 1st quarter. Sei Investments Co. now owns 8,877 shares of the oil and gas producer’s stock valued at $229,000 after purchasing an additional 4,398 shares during the period. OppenheimerFunds Inc. lifted its stake in shares of Murphy Oil by 19.7% in the 1st quarter. OppenheimerFunds Inc. now owns 23,788 shares of the oil and gas producer’s stock valued at $615,000 after purchasing an additional 3,909 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Murphy Oil by 4.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,092,164 shares of the oil and gas producer’s stock valued at $28,221,000 after purchasing an additional 44,877 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in shares of Murphy Oil by 33.0% in the 1st quarter. Nuveen Asset Management LLC now owns 49,571 shares of the oil and gas producer’s stock valued at $1,281,000 after purchasing an additional 12,300 shares during the period. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Murphy Oil Company Profile

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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Analyst Recommendations for Murphy Oil (NYSE:MUR)

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