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Morgan Stanley Remains a Sell on Murphy Oil Corp (MUR)


Morgan Stanley analyst Devin McDermott maintained a Sell rating on Murphy Oil Corp (NYSE: MUR) today and set a price target of $30. The company’s shares closed yesterday at $35.46, close to its 52-week high of $36.53.

According to TipRanks.com, McDermott is a 2-star analyst with an average return of 1.7% and a 31.8% success rate. McDermott covers the Basic Materials sector, focusing on stocks such as Range Resources Corp, Gulfport Energy Corp, and Southwestern Energy.

Currently, the analyst consensus on Murphy Oil Corp is a Moderate Sell with an average price target of $33.67, implying a -5.0% downside from current levels. In a report released yesterday, Mizuho Securities also reiterated a Sell rating on the stock with a $42 price target.

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The company has a one-year high of $36.53 and a one-year low of $24.39. Currently, Murphy Oil Corp has an average volume of 1.53M.

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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.