Credit Suisse Group set a $36.00 target price on Murphy Oil (NYSE:MUR) in a research note published on Friday morning. The firm currently has a hold rating on the oil and gas producer’s stock.

A number of other research analysts have also recently commented on MUR. Zacks Investment Research raised shares of Murphy Oil from a hold rating to a buy rating and set a $38.00 target price for the company in a report on Tuesday, October 23rd. Piper Jaffray Companies reissued a hold rating and issued a $43.00 target price on shares of Murphy Oil in a report on Wednesday, October 24th. Morgan Stanley began coverage on shares of Murphy Oil in a report on Thursday, July 12th. They issued an underweight rating and a $26.00 target price for the company. Mizuho began coverage on shares of Murphy Oil in a report on Monday, July 23rd. They issued an underperform rating and a $36.00 target price for the company. Finally, KLR Group reissued a buy rating and issued a $39.00 target price on shares of Murphy Oil in a report on Monday, August 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Murphy Oil currently has an average rating of Hold and a consensus price target of $36.00.

Murphy Oil stock traded up $0.23 during trading hours on Friday, reaching $30.99. 3,077,830 shares of the stock were exchanged, compared to its average volume of 2,419,715. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of -238.38 and a beta of 2.11. The company has a quick ratio of 1.35, a current ratio of 1.46 and a debt-to-equity ratio of 0.62. Murphy Oil has a twelve month low of $24.39 and a twelve month high of $36.53.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The firm had revenue of $674.80 million for the quarter, compared to analyst estimates of $633.20 million. Murphy Oil had a return on equity of 3.79% and a net margin of 0.86%. The company’s quarterly revenue was up 35.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.38) earnings per share. On average, sell-side analysts expect that Murphy Oil will post 1.76 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 3.23%. Murphy Oil’s dividend payout ratio (DPR) is presently -769.23%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG raised its holdings in Murphy Oil by 29.4% during the 1st quarter. UBS Group AG now owns 107,274 shares of the oil and gas producer’s stock worth $2,772,000 after purchasing an additional 24,369 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Murphy Oil by 4.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,092,164 shares of the oil and gas producer’s stock worth $28,221,000 after purchasing an additional 44,877 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Murphy Oil by 119.4% during the 1st quarter. Allianz Asset Management GmbH now owns 24,704 shares of the oil and gas producer’s stock worth $639,000 after purchasing an additional 13,446 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Murphy Oil by 40.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 17,930 shares of the oil and gas producer’s stock worth $605,000 after purchasing an additional 5,120 shares during the last quarter. Finally, Gofen & Glossberg LLC IL bought a new position in Murphy Oil during the 2nd quarter worth approximately $226,000. Institutional investors and hedge funds own 88.62% of the company’s stock.

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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