Brokerage firm Raymond James Upgrades its rating on Murphy Oil Corporation(NYSE:MUR). The shares have been rated Market Perform. Previously, the analysts had a Underperform rating on the shares. The rating by Raymond James was issued on Jun 20, 2016.
In a different note, On May 5, 2016, Goldman Sachs said it Maintains its rating on Murphy Oil Corporation. In the research note, the firm Raises the price-target to $19.00 per share. The shares have been rated ‘Sell’ by the firm. On Apr 8, 2016, Barclays said it Maintains its rating on Murphy Oil Corporation. In the research note, the firm Raises the price-target to $23.00 per share. The shares have been rated ‘Equalweight’ by the firm.
Murphy Oil Corporation (MUR) shares turned negative on Fridays trading session with the shares closing down -1.9 points or -5.86% at a volume of 40,96,765. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.71. The peak price level was also seen at $31.71 while the days lowest was $30.22. Finally the shares closed at $30.51. The 52-week high of the shares is $43.39 while the 52-week low is $14.3. According to the latest information available, the market cap of the company is $5,254 M.
Murphy Oil Corporation(MUR) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $430.30M. Analysts had an estimated revenue of $443.74M. Earnings per share were $-0.66. Analysts had estimated an EPS of $-0.73.
Several Insider Transactions has been reported to the SEC. On May 23, 2016, John B Gardner (Vice President & Treasurer) sold 1,246 shares at $29.39 per share price.Also, On May 10, 2016, Allan J. Misner (Vice President) sold 7,163 shares at $29.39 per share price.On Feb 1, 2016, Caroline G Theus (director) sold 28,500 shares at $18.61 per share price, according to the Form-4 filing with the securities and exchange commission.
Murphy Oil Corporation is an oil and gas exploration and production company. The Companys exploration and production business explores for and produces crude oil natural gas and natural gas liquids across the world. This business maintains upstream operating offices in locations including Calgary Alberta and Kuala Lumpur Malaysia. The Companys crude oil condensate and natural gas liquids production as of 2014 averaged 151647 barrels per day. The Company has operations in United States Canada Malaysia and all other countries including Australia Brunei Vietnam Suriname Cameroon and Equatorial Guinea among others. As of December 31 2014 total United States proved reserves were 204.9 million barrels of crude oil 29.1 million barrels of natural gas liquids and 226 billion cubic feet of natural gas. In Canada it owns an interest in three non-operated assets the Hibernia and Terra Nova fields offshore Newfoundland in the Jeanne dArc Basin and Syncrude Canada Ltd.