In a report released today, Betty Jiang from Barclays maintained a Hold rating on Murphy Oil (MUR – Research Report), with a price target of $54.00. The company’s shares closed yesterday at $46.16.
Jiang covers the Energy sector, focusing on stocks such as APA, Coterra Energy, and Conocophillips. According to TipRanks, Jiang has an average return of -2.3% and a 38.79% success rate on recommended stocks.
Currently, the analyst consensus on Murphy Oil is a Moderate Buy with an average price target of $52.50, implying a 13.73% upside from current levels. In a report released on April 12, Wells Fargo also maintained a Hold rating on the stock with a $49.00 price target.
Based on Murphy Oil’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $959.65 million and a net profit of $255.34 million. In comparison, last year the company earned a revenue of $1.3 billion and had a net profit of $528.43 million
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MUR in relation to earlier this year.
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Murphy Oil (MUR) Company Description:
Murphy Oil Corp. is a holding company, which engages in the exploration and production of oil and natural gas. It operates through the Exploration and Production and Corporate and Other segment. The Exploration and Production segment includes the United States, Canada, and all other countries. The Corporate and Other segment focuses on interest income, other gains and losses, interest expense, and unallocated overhead. The company was founded by Charles H. Murphy Jr. in 1950 and is headquartered in El Dorado, AR.
Read More on MUR:
- Murphy Oil price target raised to $54 from $50 at KeyBanc
- Murphy Oil price target raised to $55 from $49 at Piper Sandler
- Murphy Oil price target raised to $55 from $53 at Mizuho
- Scotiabank shakes up major oil ratings and price targets
- Murphy Oil downgraded to Sector Perform from Outperform at Scotiabank
