Credit Suisse Group set a $36.00 target price on Murphy Oil (NYSE:MUR) in a research note issued to investors on Monday. The brokerage currently has a hold rating on the oil and gas producer’s stock.

Several other research analysts have also issued reports on MUR. Zacks Investment Research upgraded shares of Murphy Oil from a hold rating to a buy rating and set a $38.00 price target on the stock in a research report on Tuesday, October 23rd. Morgan Stanley decreased their price target on shares of Murphy Oil from $30.00 to $27.00 and set a sell rating on the stock in a research report on Tuesday, November 20th. TheStreet upgraded shares of Murphy Oil from a c+ rating to a b- rating in a research report on Thursday, November 8th. Piper Jaffray Companies restated a hold rating and issued a $43.00 price target on shares of Murphy Oil in a research report on Wednesday, October 24th. Finally, KLR Group restated a buy rating and issued a $39.00 price target on shares of Murphy Oil in a research report on Monday, August 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Murphy Oil has a consensus rating of Hold and a consensus target price of $36.50.

Shares of NYSE:MUR opened at $30.22 on Monday. Murphy Oil has a 12 month low of $24.39 and a 12 month high of $36.53. The company has a market cap of $5.36 billion, a P/E ratio of -232.46 and a beta of 2.09. The company has a current ratio of 1.58, a quick ratio of 1.47 and a debt-to-equity ratio of 0.61.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, November 7th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The business had revenue of $674.80 million during the quarter, compared to analyst estimates of $633.20 million. Murphy Oil had a return on equity of 3.77% and a net margin of 0.86%. The company’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.38) EPS. As a group, analysts anticipate that Murphy Oil will post 1.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Monday, November 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, November 8th. Murphy Oil’s payout ratio is -769.23%.

In other news, Director Claiborne P. Deming acquired 10,000 shares of the stock in a transaction on Monday, November 19th. The shares were purchased at an average cost of $31.60 per share, for a total transaction of $316,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kelli M. Hammock sold 2,595 shares of Murphy Oil stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $31.56, for a total transaction of $81,898.20. The disclosure for this sale can be found here. Insiders own 6.89% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of MUR. Qube Research & Technologies Ltd purchased a new position in Murphy Oil during the 2nd quarter worth approximately $126,000. Penserra Capital Management LLC grew its position in Murphy Oil by 102.1% during the 3rd quarter. Penserra Capital Management LLC now owns 5,052 shares of the oil and gas producer’s stock worth $167,000 after purchasing an additional 2,552 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Murphy Oil during the 2nd quarter worth approximately $201,000. Lourd Capital LLC purchased a new position in Murphy Oil during the 3rd quarter worth approximately $212,000. Finally, GHP Investment Advisors Inc. purchased a new position in Murphy Oil during the 2nd quarter worth approximately $217,000. Hedge funds and other institutional investors own 86.84% 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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