Murphy Oil (NYSE:MUR) Given New $22.00 Price Target at Barclays

Murphy Oil (NYSE:MUR) had its target price cut by equities researchers at Barclays from $24.00 to $22.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “underweight” rating on the oil and gas producer’s stock. Barclays‘s price objective points to a potential upside of 0.69% from the company’s current price.

A number of other research analysts have also commented on the stock. Morgan Stanley set a $27.00 price objective on shares of Murphy Oil and gave the company an “underweight” rating in a research note on Tuesday, April 15th. KeyCorp reissued a “sector weight” rating on shares of Murphy Oil in a research note on Monday, April 21st. Roth Capital set a $37.00 target price on Murphy Oil in a research note on Thursday, January 23rd. UBS Group dropped their price target on shares of Murphy Oil from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Murphy Oil from $33.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Murphy Oil presently has a consensus rating of “Hold” and a consensus target price of $32.08.

Murphy Oil Trading Up 2.2 %

Shares of MUR stock opened at $21.85 on Friday. Murphy Oil has a 1 year low of $18.95 and a 1 year high of $44.73. The firm has a market capitalization of $3.12 billion, a PE ratio of 8.12 and a beta of 1.10. The stock has a fifty day moving average of $23.53 and a two-hundred day moving average of $27.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 0.83.

Murphy Oil (NYSE:MUR) last announced its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The firm had revenue of $665.71 million during the quarter, compared to analyst estimates of $684.89 million. Murphy Oil had a net margin of 13.44% and a return on equity of 7.66%. Murphy Oil’s revenue was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. As a group, research analysts expect that Murphy Oil will post 2.94 EPS for the current year.

Institutional Investors Weigh In On Murphy Oil

Hedge funds have recently bought and sold shares of the business. Huntington National Bank grew its stake in Murphy Oil by 342.8% during the 4th quarter. Huntington National Bank now owns 828 shares of the oil and gas producer’s stock valued at $25,000 after acquiring an additional 641 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of Murphy Oil in the first quarter worth approximately $26,000. GeoWealth Management LLC acquired a new stake in shares of Murphy Oil during the fourth quarter worth approximately $39,000. Lindbrook Capital LLC grew its position in Murphy Oil by 60.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer’s stock valued at $44,000 after purchasing an additional 543 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new position in Murphy Oil in the 1st quarter valued at approximately $44,000. 78.31% of the stock is owned by hedge funds and other institutional investors.

Murphy Oil Company Profile

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.