In a report released on January 27, Arun Jayaram from J.P. Morgan maintained a Buy rating on Murphy Oil (MUR – Research Report), with a price target of $55.00. The company’s shares closed last Friday at $44.45.
Jayaram covers the Utilities sector, focusing on stocks such as APA, Devon Energy, and EOG Resources. According to TipRanks, Jayaram has an average return of 11.7% and a 56.60% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Murphy Oil with a $51.13 average price target.
See Insiders’ Hot Stocks on TipRanks >>
Based on Murphy Oil’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.17 billion and a net profit of $528.43 million. In comparison, last year the company earned a revenue of $687.55 million and had a net profit of $108.46 million
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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 natural gas. It operates through the Exploration and Production and Corporate and Other segment. The Exploration and Production segment includes the United States, Canada, and all other countries. The Corporate and Other segment focuses on interest income, other gains and losses, interest expense, and unallocated overhead. The company was founded by Charles H. Murphy Jr. in 1950 and is headquartered in El Dorado, AR.
Read More on MUR: