In a report released today, Paul Cheng from Scotiabank maintained a Hold rating on Murphy Oil (MUR – Research Report), with a price target of $50.00. The company’s shares closed yesterday at $44.22.
Cheng covers the Energy sector, focusing on stocks such as APA, Devon Energy, and Conocophillips. According to TipRanks, Cheng has an average return of 3.2% and a 49.12% success rate on recommended stocks.
Murphy Oil has an analyst consensus of Moderate Buy, with a price target consensus of $52.11, a 17.84% upside from current levels. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a $46.00 price target.
MUR market cap is currently $6.74B and has a P/E ratio of 10.46.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
