In a report released today, Devin McDermott from Morgan Stanley maintained a Sell rating on Murphy Oil Corp (MUR), with a price target of $27. The company’s shares opened today at $31.29.
According to TipRanks.com, McDermott is a 2-star analyst with an average return of 1.0% and a 35.5% success rate. McDermott covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Occidental Petroleum, and Range Resources Corp.
Currently, the analyst consensus on Murphy Oil Corp is a Hold with an average price target of $34.67.
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Murphy Oil Corp’s market cap is currently $5.48B and has a P/E ratio of 318.41. The company has a Price to Book ratio of 1.15.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
