Societe Generale Raises Murphy Oil Corp to Buy (MUR)

By admin | 6 years ago

Murphy Oil Corp (NYSE: MUR) was upgraded by analysts at Societe Generale from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

A number of other firms have also recently commented on MUR. 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. Separately, 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. Finally, analysts at Raymond James (NYSE: RJF) downgraded shares of Murphy Oil Corp from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, April 23rd.

Murphy Oil Corp traded down 1.94% on Monday, hitting $49.54. 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 $9.607 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 (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. 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.

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