In a report released today, David Kistler from Piper Jaffray maintained a Hold rating on Murphy Oil Corp (NYSE: MUR). The company’s shares opened today at $32.70.
According to TipRanks.com, Kistler is a 4-star analyst with an average return of 10.3% and a 63.0% success rate. Kistler covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Whiting Petroleum Corp, and Continental Resources.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Murphy Oil Corp with a $32 average price target.
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Based on Murphy Oil Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $45.52 million. In comparison, last year the company had a GAAP net loss of $17.57 million.
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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.
