Murphy Oil Co. (NYSE:MUR) Receives $50.27 Consensus Target Price from Analysts

Murphy Oil Co. (NYSE:MUR) has been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $50.27.

MUR has been the topic of several analyst reports. Mizuho boosted their price target on shares of Murphy Oil from $55.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Barclays started coverage on Murphy Oil in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $54.00 price target for the company. Truist Financial lowered their price target on Murphy Oil from $59.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Piper Sandler cut their price objective on Murphy Oil from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Thursday, July 18th. Finally, Scotiabank lowered their target price on shares of Murphy Oil from $50.00 to $47.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th.

Murphy Oil Price Performance

MUR stock opened at $40.26 on Tuesday. The stock has a 50-day moving average price of $40.84 and a two-hundred day moving average price of $41.82. Murphy Oil has a 1 year low of $36.95 and a 1 year high of $49.14. The stock has a market cap of $6.14 billion, a PE ratio of 11.21 and a beta of 2.25. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24.

Murphy Oil (NYSE:MUR) last announced its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The business had revenue of $794.80 million for the quarter, compared to analyst estimates of $750.94 million. Murphy Oil had a return on equity of 11.75% and a net margin of 16.40%. Murphy Oil’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 EPS. Equities analysts forecast that Murphy Oil will post 4.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MUR. Mather Group LLC. grew its position in shares of Murphy Oil by 1,015.7% in the second quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 518 shares during the last quarter. Rise Advisors LLC acquired a new position in Murphy Oil in the 1st quarter valued at $30,000. Lindbrook Capital LLC increased its position in Murphy Oil by 47.7% during the 1st quarter. Lindbrook Capital LLC now owns 721 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 233 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Murphy Oil by 27.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the oil and gas producer’s stock worth $96,000 after buying an additional 447 shares during the period. Finally, CWM LLC lifted its holdings in shares of Murphy Oil by 14.0% during the first quarter. CWM LLC now owns 2,547 shares of the oil and gas producer’s stock worth $116,000 after buying an additional 313 shares in the last quarter. 78.31% of the stock is owned by institutional investors.

About Murphy Oil

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, and internationally. 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.