Murphy Oil (MUR) Receives a Hold from Morgan Stanley

In a report released today, Devin McDermott from Morgan Stanley maintained a Hold rating on Murphy Oil (MURResearch Report), with a price target of $49.00. The company’s shares closed last Monday at $42.87, close to its 52-week high of $44.88.

According to, McDermott is a 5-star analyst with an average return of 15.7% and a 59.2% success rate. McDermott covers the Utilities sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Continental Resources, and Occidental Petroleum.

Currently, the analyst consensus on Murphy Oil is a Moderate Buy with an average price target of $49.11.

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Based on Murphy Oil’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $871 million and GAAP net loss of $113 million. In comparison, last year the company earned revenue of $593 million and had a GAAP net loss of $287 million.

Based on the recent corporate insider activity of 72 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.

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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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