Murphy Oil (NYSE:MUR)‘s stock had its “buy” rating restated by analysts at KLR Group in a report released on Monday. They presently have a $39.00 price objective on the oil and gas producer’s stock. KLR Group’s target price would indicate a potential upside of 31.40% from the company’s previous close.

MUR has been the topic of a number of other reports. Morgan Stanley initiated coverage on shares of Murphy Oil in a research note on Thursday, July 12th. They set an “underweight” rating and a $26.00 price objective on the stock. Zacks Investment Research upgraded shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, June 6th. Wells Fargo & Co reduced their price objective on shares of Murphy Oil from $36.00 to $34.00 and set a “market perform” rating on the stock in a research note on Friday, August 10th. ValuEngine upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Mizuho initiated coverage on shares of Murphy Oil in a research note on Monday, July 23rd. They set an “underperform” rating and a $36.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.64.

Shares of MUR stock traded up $0.22 on Monday, hitting $29.68. The company’s stock had a trading volume of 54,097 shares, compared to its average volume of 2,227,412. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.46. Murphy Oil has a fifty-two week low of $22.21 and a fifty-two week high of $35.98. The company has a market capitalization of $5.37 billion, a PE ratio of -228.31 and a beta of 2.24.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $655.15 million for the quarter, compared to the consensus estimate of $623.76 million. Murphy Oil had a negative net margin of 6.19% and a positive return on equity of 2.32%. The business’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) earnings per share. analysts forecast that Murphy Oil will post 1.7 EPS for the current year.

Several hedge funds have recently bought and sold shares of MUR. Penserra Capital Management LLC bought a new position in shares of Murphy Oil in the first quarter worth about $124,000. Qube Research & Technologies Ltd bought a new position in shares of Murphy Oil in the second quarter worth about $126,000. Legacy Financial Advisors Inc. bought a new position in shares of Murphy Oil in the second quarter worth about $135,000. North Star Investment Management Corp. bought a new position in shares of Murphy Oil in the second quarter worth about $142,000. Finally, Jump Trading LLC bought a new position in shares of Murphy Oil in the first quarter worth about $200,000. 92.70% of the stock is owned by hedge funds and other institutional investors.

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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