Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale upgraded shares of Murphy Oil Corp from a “hold” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at Brean Murray downgraded shares of Murphy Oil Corp from a “buy” rating to a “hold” rating in a research note to investors on Monday. They now have a $71.00 price target on the stock. Finally, analysts at UBS AG (NYSE: UBS) cut their price target on shares of Murphy Oil Corp from $66.00 to $60.00 in a research note to investors on Thursday, May 3rd. They now have a “neutral” rating on the stock.
Murphy Oil Corp traded down 0.99% on Monday, hitting $50.02. Murphy Oil Corp has a 52-week low of $40.41 and a 52-week high of $71.26. The company has a market cap of $9.700 billion and a price-to-earnings ratio of 10.98.
Murphy Oil Corp last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $1.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.46 by $0.03. Murphy Oil Corp’s revenue was up 11.5% compared to the same quarter last year. Analysts expect that Murphy Oil Corp will post $1.51 EPS next quarter.
Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom.