In a report issued on November 28, Paul Sankey from Mizuho Securities reiterated a Hold rating on Murphy Oil Corp (MUR), with a price target of $30. The company’s shares opened today at $32.95.
According to TipRanks.com, Sankey is a 1-star analyst with an average return of -3.1% and a 37.9% success rate. Sankey covers the Basic Materials sector, focusing on stocks such as Occidental Petroleum, Anadarko Petroleum, and Valero Energy Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Murphy Oil Corp with a $32.75 average price target, implying a -0.6% downside from current levels. In a report issued on November 15, Piper Jaffray also reiterated a Hold rating on the stock with a $38 price target.
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Based on Murphy Oil Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $93.94 million. In comparison, last year the company had a GAAP net loss of $65.89 million.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MUR in relation to earlier this year.
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Murphy Oil Corp. is a holding company, which engages in the exploration and production of oil and gas. It operates through the following geographical segments: United States, Canada, Malaysia, and Other. Its products include oil and gas liquids, natural gas, and synthetic oil.
