Investment analysts at Credit Suisse Group started coverage on shares of Murphy Oil (NYSE:MUR) in a report issued on Monday. The brokerage set a “neutral” rating and a $30.00 price target on the oil and gas producer’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 3.99% from the stock’s previous close.

Several other equities research analysts have also commented on MUR. BidaskClub lowered shares of Murphy Oil from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. ValuEngine lowered shares of Murphy Oil from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies set a $23.00 price target on shares of Murphy Oil and gave the company a “hold” rating in a research note on Friday, August 25th. Cowen restated a “hold” rating and issued a $30.00 price target on shares of Murphy Oil in a research note on Sunday, September 17th. Finally, Morgan Stanley raised their price target on shares of Murphy Oil from $23.00 to $26.00 and gave the company an “underweight” rating in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.91.

Shares of Murphy Oil (NYSE:MUR) traded up $0.41 during trading hours on Monday, hitting $28.85. 1,165,800 shares of the company’s stock traded hands, compared to its average volume of 2,891,744. Murphy Oil has a 12 month low of $22.21 and a 12 month high of $34.90. The company has a current ratio of 1.74, a quick ratio of 1.60 and a debt-to-equity ratio of 0.58.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.11. Murphy Oil had a negative net margin of 4.15% and a negative return on equity of 1.25%. The company had revenue of $498.31 million for the quarter, compared to analyst estimates of $460.17 million. During the same quarter last year, the business earned ($0.18) earnings per share. Murphy Oil’s revenue was up 2.6% compared to the same quarter last year. sell-side analysts predict that Murphy Oil will post -0.2 EPS for the current year.

In related news, Director Robert Madison Murphy sold 6,325 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $28.55, for a total transaction of $180,578.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John B. Gardner sold 3,783 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $27.84, for a total transaction of $105,318.72. The disclosure for this sale can be found here. Insiders bought 76,500 shares of company stock valued at $17,850 over the last quarter. Insiders own 6.89% of the company’s stock.

Large investors have recently modified their holdings of the stock. Laurion Capital Management LP boosted its holdings in Murphy Oil by 2,553.1% during the second quarter. Laurion Capital Management LP now owns 214,900 shares of the oil and gas producer’s stock worth $5,508,000 after buying an additional 206,800 shares in the last quarter. Shell Asset Management Co. boosted its holdings in Murphy Oil by 103.3% during the third quarter. Shell Asset Management Co. now owns 26,101 shares of the oil and gas producer’s stock worth $1,485,000 after buying an additional 13,262 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Murphy Oil by 10.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,028,206 shares of the oil and gas producer’s stock worth $26,353,000 after buying an additional 93,234 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Murphy Oil by 18.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,962 shares of the oil and gas producer’s stock worth $1,947,000 after buying an additional 11,755 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in Murphy Oil by 3.8% during the second quarter. LSV Asset Management now owns 1,130,900 shares of the oil and gas producer’s stock worth $28,984,000 after buying an additional 41,663 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

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Murphy Oil Company Profile

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.

Analyst Recommendations for Murphy Oil (NYSE:MUR)

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