In a report released yesterday, William Featherston from Credit Suisse maintained a Hold rating on Murphy Oil Corp (MUR), with a price target of $36. The company’s shares closed yesterday at $32.
According to TipRanks.com, Featherston is a 1-star analyst with an average return of -3.0% and a 43.2% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Anadarko Petroleum, Chesapeake Energy, and Devon Energy Corp.
Currently, the analyst consensus on Murphy Oil Corp is a Hold with an average price target of $32.75, which is a 2.3% upside from current levels. In a report issued on November 28, Mizuho Securities also reiterated a Hold rating on the stock with a $30 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.