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Mizuho Securities Keeps a Buy Rating on Murphy Oil (MUR)

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Mizuho Securities analyst Vincent Lovaglio maintained a Buy rating on Murphy Oil (MURResearch Report) on May 4 and set a price target of $58.00. The company’s shares closed last Thursday at $37.22.

According to TipRanks.com, Lovaglio is a top 25 analyst with an average return of 58.4% and a 91.2% success rate. Lovaglio covers the Utilities sector, focusing on stocks such as Continental Resources, Occidental Petroleum, and Southwestern Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Murphy Oil with a $49.44 average price target, which is a 25.3% upside from current levels. In a report issued on April 21, Truist Financial also maintained a Buy rating on the stock with a $60.00 price target.

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Based on Murphy Oil’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $762 million and net profit of $168 million. In comparison, last year the company earned revenue of $440 million and had a GAAP net loss of $172 million.

Based on the recent corporate insider activity of 78 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.

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