Murphy Oil Corporation (MUR) Upgraded by BidaskClub to Sell

BidaskClub upgraded shares of Murphy Oil Corporation (NYSE:MUR) from a strong sell rating to a sell rating in a research report sent to investors on Friday, June 30th.

Several other equities research analysts have also recently commented on MUR. Royal Bank Of Canada set a $32.00 price target on Murphy Oil Corporation and gave the company a hold rating in a report on Saturday, June 3rd. Scotiabank set a $32.00 price target on Murphy Oil Corporation and gave the company a hold rating in a report on Tuesday, May 16th. J P Morgan Chase & Co cut their price target on Murphy Oil Corporation from $31.00 to $30.00 and set a neutral rating for the company in a report on Wednesday, May 31st. Credit Suisse Group reaffirmed an underperform rating and issued a $34.00 price target (down previously from $35.00) on shares of Murphy Oil Corporation in a report on Friday, May 5th. Finally, Zacks Investment Research cut Murphy Oil Corporation from a hold rating to a sell rating in a research note on Tuesday, April 4th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $31.50.

Shares of Murphy Oil Corporation (NYSE:MUR) opened at 27.14 on Friday. The firm has a 50-day moving average price of $25.23 and a 200-day moving average price of $27.03. Murphy Oil Corporation has a 1-year low of $23.61 and a 1-year high of $35.19. The company’s market cap is $4.68 billion.

Murphy Oil Corporation (NYSE:MUR) last released its earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.01. Murphy Oil Corporation had a negative net margin of 0.89% and a negative return on equity of 2.61%. The firm had revenue of $544.70 million during the quarter, compared to analysts’ expectations of $529.61 million. During the same quarter last year, the business earned ($0.66) EPS. The business’s revenue was up 26.6% compared to the same quarter last year. On average, equities analysts expect that Murphy Oil Corporation will post ($0.38) EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MUR. Ameritas Investment Partners Inc. bought a new position in Murphy Oil Corporation during the first quarter worth about $111,000. Mn Services Vermogensbeheer B.V. raised its position in Murphy Oil Corporation by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,245 shares of the oil and gas producer’s stock worth $113,000 after buying an additional 178 shares during the period. Daiwa Securities Group Inc. raised its position in Murphy Oil Corporation by 24.6% in the second quarter. Daiwa Securities Group Inc. now owns 4,860 shares of the oil and gas producer’s stock worth $125,000 after buying an additional 960 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Murphy Oil Corporation during the fourth quarter worth about $171,000. Finally, Koch Industries Inc. bought a new position in Murphy Oil Corporation during the first quarter worth about $208,000. Hedge funds and other institutional investors own 96.25% of the company’s stock.

About Murphy Oil Corporation

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 Corporation (NYSE:MUR)

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