Murphy Oil (NYSE:MUR) Rating Increased to Hold at Wall Street Zen

Key Points

• Murphy Oil has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, reflecting a more optimistic outlook on the company's stock.
• Analysts have shown varied opinions on Murphy Oil's stock price targets, with estimates ranging from a reduced target of $22.00 to an increased target of $34.00.
• Currently, the stocks show a majority of analyst ratings as "hold," with a consensus rating of "Reduce" and an average price target of $28.25.

Murphy Oil (NYSE:MUR - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Several other equities analysts have also recently commented on MUR. Evercore ISI lowered their target price on shares of Murphy Oil from $23.00 to $22.00 and set an "in-line" rating on the stock in a research note on Monday, October 6th. Piper Sandler raised their price objective on shares of Murphy Oil from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Tuesday. UBS Group raised their price objective on shares of Murphy Oil from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, October 14th. Wells Fargo & Company lowered their price target on Murphy Oil from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Friday, October 17th. Finally, Mizuho lowered their price target on Murphy Oil from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $28.25.

Murphy Oil Stock Down 1.5%

MUR opened at $28.98 on Friday. Murphy Oil has a 12 month low of $18.94 and a 12 month high of $34.52. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.77. The stock has a market cap of $4.14 billion, a P/E ratio of 15.01 and a beta of 1.03. The stock's 50 day moving average price is $26.86 and its 200 day moving average price is $24.32.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its quarterly earnings results on Monday, March 21st. The oil and gas producer reported ($0.09) EPS for the quarter. The business had revenue of $440.08 million for the quarter. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. As a group, research analysts predict that Murphy Oil will post 2.94 earnings per share for the current year.

Hedge Funds Weigh In On Murphy Oil

A number of hedge funds have recently modified their holdings of the stock. Mustard Seed Financial LLC grew its holdings in shares of Murphy Oil by 2.9% in the 1st quarter. Mustard Seed Financial LLC now owns 17,861 shares of the oil and gas producer's stock worth $507,000 after acquiring an additional 500 shares during the last quarter. Penserra Capital Management LLC increased its stake in Murphy Oil by 3.2% in the 1st quarter. Penserra Capital Management LLC now owns 17,367 shares of the oil and gas producer's stock worth $493,000 after purchasing an additional 532 shares in the last quarter. Franklin Resources Inc. increased its stake in Murphy Oil by 0.7% in the 2nd quarter. Franklin Resources Inc. now owns 87,933 shares of the oil and gas producer's stock worth $1,978,000 after purchasing an additional 581 shares in the last quarter. MAI Capital Management increased its stake in Murphy Oil by 11.9% in the 2nd quarter. MAI Capital Management now owns 5,723 shares of the oil and gas producer's stock worth $129,000 after purchasing an additional 608 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Murphy Oil by 39.7% in the 2nd quarter. Allworth Financial LP now owns 2,440 shares of the oil and gas producer's stock worth $55,000 after purchasing an additional 693 shares in the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

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.

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