Murphy Oil (NYSE:MUR) Stock Rating Upgraded by Wall Street Zen

Murphy Oil (NYSE:MUR) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

A number of other analysts have also recently weighed in on the company. KeyCorp upped their price target on Murphy Oil from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, September 15th. BMO Capital Markets reissued a “market perform” rating on shares of Murphy Oil in a report on Wednesday. UBS Group boosted their target price on shares of Murphy Oil from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday. Mizuho boosted their target price on shares of Murphy Oil from $41.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, October 14th. Finally, Barclays lowered shares of Murphy Oil from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $38.00 to $34.00 in a report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Murphy Oil currently has a consensus rating of “Hold” and an average price target of $38.92.

Murphy Oil Trading Down 0.0%

MUR stock opened at $41.73 on Friday. Murphy Oil has a 1-year low of $26.49 and a 1-year high of $43.34. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $37.17 and its 200-day moving average is $37.35. The firm has a market cap of $5.98 billion, a P/E ratio of 20.66 and a beta of 0.59.

Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.02). The company had revenue of $926.33 million for the quarter, compared to the consensus estimate of $888.51 million. Murphy Oil had a return on equity of 6.63% and a net margin of 9.74%. Murphy Oil’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. Equities analysts anticipate that Murphy Oil will post 3.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Leonteq Securities AG acquired a new position in Murphy Oil in the first quarter worth $29,000. Valued Wealth Advisors LLC grew its holdings in shares of Murphy Oil by 14,700.0% during the first quarter. Valued Wealth Advisors LLC now owns 740 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 735 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Murphy Oil in the third quarter valued at $51,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Murphy Oil in the second quarter valued at $54,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Murphy Oil by 64.7% in the third quarter. Farther Finance Advisors LLC now owns 1,779 shares of the oil and gas producer’s stock valued at $66,000 after buying an additional 699 shares in the last quarter. 78.31% of the stock is owned by institutional investors and hedge funds.

About Murphy Oil

Murphy Oil Corporation (NYSE:MUR) is an independent oil and natural gas exploration and production company. Its activities include identifying, acquiring, developing and producing crude oil, natural gas and natural gas liquids.

The company’s current operations are concentrated in the United States and Canada. In the United States, Murphy Oil has assets in the Eagle Ford and Gulf Coast onshore regions, as well as interests in the Gulf of Mexico. In Canada, the company operates in Western Canadian plays, including the Tupper Montney area.

Murphy Oil was incorporated in 1950 and has historically pursued exploration and production opportunities in several international markets in addition to North America.