Capital One Financial began coverage on shares of Murphy Oil (NYSE:MUR) in a research report sent to investors on Wednesday, Briefing.com Automated Import reports. The firm issued an overweight rating and a $37.00 price target on the oil and gas producer’s stock. Capital One Financial also issued estimates for Murphy Oil’s Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $1.19 EPS and FY2020 earnings at $1.96 EPS.
MUR has been the topic of several other research reports. Goldman Sachs Group lowered Encana to a buy rating in a research note on Friday, April 12th. Morgan Stanley set a $23.00 price target on Cabot Oil & Gas and gave the stock a hold rating in a research note on Monday, June 24th. Stephens set a $40.00 price target on Murphy Oil and gave the stock a hold rating in a research note on Friday, May 17th. Evercore ISI lowered PACCAR from an outperform rating to an in-line rating and boosted their price target for the stock from $73.00 to $76.00 in a research note on Thursday, May 30th. Finally, Zacks Investment Research raised Grana y Montero SAA from a sell rating to a hold rating in a research note on Monday, June 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. Murphy Oil currently has a consensus rating of Hold and an average target price of $33.89.
NYSE MUR opened at $23.75 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.61 and a quick ratio of 1.56. The stock’s 50 day simple moving average is $24.49. Murphy Oil has a 12-month low of $21.51 and a 12-month high of $36.53. The firm has a market cap of $4.12 billion, a PE ratio of 20.30 and a beta of 1.94.
Murphy Oil (NYSE:MUR) last released its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.05. The company had revenue of $591.00 million for the quarter, compared to analysts’ expectations of $557.15 million. Murphy Oil had a return on equity of 4.10% and a net margin of 10.99%. The firm’s quarterly revenue was up 57.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. As a group, research analysts predict that Murphy Oil will post 1.27 earnings per share for the current year.
In related news, insider Thomas J. Mireles sold 7,400 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $27.60, for a total value of $204,240.00. Following the sale, the insider now owns 21,368 shares of the company’s stock, valued at approximately $589,756.80. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.46% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Kiwi Wealth Investments Limited Partnership lifted its stake in shares of Murphy Oil by 80.1% during the 4th quarter. Kiwi Wealth Investments Limited Partnership now owns 92,128 shares of the oil and gas producer’s stock worth $2,155,000 after purchasing an additional 40,979 shares during the period. Geode Capital Management LLC lifted its stake in shares of Murphy Oil by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,980,418 shares of the oil and gas producer’s stock worth $46,321,000 after purchasing an additional 52,963 shares during the period. South Dakota Investment Council purchased a new position in shares of Murphy Oil during the 1st quarter worth $1,223,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Murphy Oil during the 4th quarter worth $914,000. Finally, United Services Automobile Association lifted its stake in shares of Murphy Oil by 1.1% during the 4th quarter. United Services Automobile Association now owns 219,360 shares of the oil and gas producer’s stock worth $5,131,000 after purchasing an additional 2,389 shares during the period. 85.65% of the stock is currently owned by institutional investors.
About Murphy Oil
Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, 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.
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