Murphy Oil Co. (NYSE:MUR) has received a consensus rating of “Hold” from the eighteen research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $33.79.

Several equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Grana y Montero SAA from a “sell” rating to a “hold” rating in a report on Monday, June 10th. TheStreet upgraded shares of Third Point Reinsurance from a “d+” rating to a “c-” rating in a report on Tuesday, May 14th. Goldman Sachs Group reiterated a “hold” rating and set a $7.80 price objective on shares of Deutsche Bank in a report on Tuesday, July 23rd. Finally, Evercore ISI lowered shares of PACCAR from an “outperform” rating to an “in-line” rating and lifted their price objective for the company from $73.00 to $76.00 in a report on Thursday, May 30th.

Shares of Murphy Oil stock traded up $1.24 during trading on Thursday, hitting $23.48. The stock had a trading volume of 193,811 shares, compared to its average volume of 2,262,941. The company has a fifty day simple moving average of $23.63. The firm has a market capitalization of $3.86 billion, a PE ratio of 18.68 and a beta of 1.95. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.56 and a current ratio of 1.61. Murphy Oil has a 12 month low of $21.20 and a 12 month high of $36.53.

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 firm had revenue of $591.00 million during the quarter, compared to analyst estimates of $557.15 million. Murphy Oil had a net margin of 10.99% and a return on equity of 4.10%. The business’s revenue was up 57.3% on a year-over-year basis. During the same quarter last year, the business earned $0.23 EPS. Analysts forecast that Murphy Oil will post 1.06 earnings per share for the current year.

In other Murphy Oil news, insider Thomas J. Mireles sold 7,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $27.60, for a total transaction of $204,240.00. Following the transaction, the insider now owns 21,368 shares of the company’s stock, valued at approximately $589,756.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.46% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System grew its position in shares of Murphy Oil by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 43,600 shares of the oil and gas producer’s stock worth $1,277,000 after buying an additional 400 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Murphy Oil by 0.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 54,738 shares of the oil and gas producer’s stock worth $1,603,000 after buying an additional 501 shares during the last quarter. First Hawaiian Bank grew its position in shares of Murphy Oil by 3.8% in the 2nd quarter. First Hawaiian Bank now owns 16,062 shares of the oil and gas producer’s stock worth $396,000 after buying an additional 583 shares during the last quarter. Alpha Windward LLC grew its position in shares of Murphy Oil by 5.3% in the 1st quarter. Alpha Windward LLC now owns 16,609 shares of the oil and gas producer’s stock worth $487,000 after buying an additional 840 shares during the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of Murphy Oil by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 211,759 shares of the oil and gas producer’s stock worth $6,205,000 after buying an additional 844 shares during the last quarter. 85.55% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Murphy Oil (NYSE:MUR)

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