UBS AG Lowers Price Target on Murphy Oil Corp (MUR)

By admin | 6 years ago

Research analysts at UBS AG (NYSE: UBS) cut their target price on shares of Murphy Oil Corp (NYSE: MUR) from $66.00 to $60.00 in a report released on Thursday. The firm currently has a “neutral” rating on the stock.

Shares of Murphy Oil Corp opened at 51.82 on Thursday. Murphy Oil Corp has a one year low of $40.41 and a one year high of $71.26. The company has a market cap of $10.047 billion and a P/E ratio of 11.55.

The company last announced its quarterly results on Wednesday, May 2nd. It reported $1.49 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.46 EPS by $0.03. The company’s quarterly revenue was up 11.5% on a year-over-year basis. On average, analysts predict that Murphy Oil Corp will post $1.58 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Deutsche Bank (NYSE: DB) downgraded shares of Murphy Oil Corp from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, February 29th. They now have a $64.00 price target on the stock. Finally, analysts at Brean Murray initiated coverage on shares of Murphy Oil Corp in a research note to investors on Tuesday, February 14th. They set a “buy” rating and a $71.00 price target on the stock.

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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