Murphy Oil (NYSE:MUR) Research Coverage Started at Capital One Financial

Capital One Financial assumed coverage on shares of Murphy Oil (NYSE:MUR) in a research report report published on Wednesday morning, Briefing.com Automated Import reports. The firm issued an overweight rating and a $37.00 target price 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.

A number of other brokerages also recently issued reports on MUR. Zacks Investment Research upgraded Grana y Montero SAA from a sell rating to a hold rating in a research report on Monday, June 10th. TheStreet upgraded Third Point Reinsurance from a d+ rating to a c- rating in a research report on Tuesday, May 14th. Evercore ISI downgraded PACCAR from an outperform rating to an in-line rating and increased their price target for the stock from $73.00 to $76.00 in a research report on Thursday, May 30th. Morgan Stanley set a $23.00 price target on Cabot Oil & Gas and gave the stock a hold rating in a research report on Monday, June 24th. Finally, Stephens set a $40.00 price target on Murphy Oil and gave the stock a hold rating in a research report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Murphy Oil has an average rating of Hold and an average price target of $33.89.

Shares of MUR opened at $23.75 on Wednesday. Murphy Oil has a 52 week low of $21.51 and a 52 week high of $36.53. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $4.12 billion, a P/E ratio of 18.85 and a beta of 1.94. The business has a 50-day moving average of $24.49.

Murphy Oil (NYSE:MUR) last issued its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $591.00 million for the quarter, compared to the consensus estimate of $557.15 million. Murphy Oil had a return on equity of 4.10% and a net margin of 10.99%. The company’s revenue was up 57.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. Equities research analysts expect that Murphy Oil will post 1.27 EPS for the current fiscal year.

In other Murphy Oil news, insider Thomas J. Mireles sold 7,400 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $27.60, for a total transaction of $204,240.00. Following the completion of the sale, the insider now owns 21,368 shares of the company’s stock, valued at $589,756.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.46% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of MUR. Quadrant Capital Group LLC grew its stake in shares of Murphy Oil by 632.3% in the first quarter. Quadrant Capital Group LLC now owns 2,065 shares of the oil and gas producer’s stock valued at $58,000 after buying an additional 1,783 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of Murphy Oil by 247.7% in the first quarter. Penserra Capital Management LLC now owns 4,729 shares of the oil and gas producer’s stock valued at $138,000 after buying an additional 3,369 shares in the last quarter. Investors Research Corp acquired a new stake in shares of Murphy Oil in the first quarter valued at $149,000. MHI Funds LLC purchased a new position in Murphy Oil in the first quarter valued at $192,000. Finally, Pearl River Capital LLC boosted its holdings in Murphy Oil by 906.8% in the first quarter. Pearl River Capital LLC now owns 6,766 shares of the oil and gas producer’s stock valued at $198,000 after purchasing an additional 6,094 shares during the period. 85.65% of the stock is 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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