Murphy Oil (NYSE:MUR) PT Lowered to $50.00 at Mizuho

Murphy Oil (NYSE:MUR) had its price target decreased by investment analysts at Mizuho from $59.00 to $50.00 in a report issued on Monday, Benzinga reports. The firm presently has an “outperform” rating on the oil and gas producer’s stock. Mizuho’s target price would suggest a potential upside of 45.48% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Murphy Oil from $47.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday. StockNews.com lowered shares of Murphy Oil from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Barclays dropped their price objective on shares of Murphy Oil from $54.00 to $46.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Truist Financial decreased their price target on shares of Murphy Oil from $59.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Finally, Piper Sandler cut their price objective on shares of Murphy Oil from $54.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Murphy Oil presently has an average rating of “Hold” and a consensus price target of $46.36.

Murphy Oil Trading Up 0.6 %

NYSE:MUR traded up $0.20 during midday trading on Monday, reaching $34.37. 120,973 shares of the stock traded hands, compared to its average volume of 1,659,156. Murphy Oil has a 12 month low of $33.15 and a 12 month high of $49.14. The stock has a market capitalization of $5.24 billion, a P/E ratio of 9.56 and a beta of 2.21. The company has a fifty day moving average of $38.17 and a 200 day moving average of $41.42. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.76 and a current ratio of 0.82.

Murphy Oil (NYSE:MUR) last released its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.08. Murphy Oil had a return on equity of 11.68% and a net margin of 17.32%. The company had revenue of $802.80 million for the quarter, compared to analyst estimates of $813.97 million. During the same period in the previous year, the company posted $0.79 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. On average, research analysts predict that Murphy Oil will post 3.99 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in Murphy Oil in the 4th quarter worth about $304,000. Principal Securities Inc. bought a new stake in Murphy Oil during the 4th quarter valued at about $151,000. BNP Paribas Financial Markets boosted its position in Murphy Oil by 2.6% in the 4th quarter. BNP Paribas Financial Markets now owns 109,418 shares of the oil and gas producer’s stock valued at $4,668,000 after buying an additional 2,731 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Murphy Oil by 19.7% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 27,064 shares of the oil and gas producer’s stock valued at $1,155,000 after acquiring an additional 4,450 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in Murphy Oil by 18.6% during the 4th quarter. Quadrant Capital Group LLC now owns 3,938 shares of the oil and gas producer’s stock valued at $168,000 after purchasing an additional 618 shares in the last quarter. Institutional investors own 78.31% of the company’s stock.

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.