Brokerage firm UBS Maintains its rating on Murphy Oil Corporation(NYSE:MUR). In a research note issued to the investors, the brokerage major Lowers the price-target to $29.00 per share. The shares have been rated Neutral. The rating by UBS was issued on Jul 28, 2016.
In a different note, On Jul 13, 2016, Barclays said it Upgrades its rating on Murphy Oil Corporation. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jun 20, 2016, Raymond James said it Upgrades its rating on Murphy Oil Corporation. The shares have been rated ‘Market Perform’ by the firm. 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.
Murphy Oil Corporation (MUR) made into the market gainers list on Thursdays trading session with the shares advancing 1.81% or 0.48 points. Due to strong positive momentum, the stock ended at $27.05, which is also near the day’s high of $27.64. The stock began the session at $26.35 and the volume stood at 52,08,638 shares. The 52-week high of the shares is $37.48 and the 52 week low is $14.3. The company has a current market capitalization of $4,658 M and it has 17,21,95,170 shares in outstanding.
Murphy Oil Corporation(MUR) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $437.46M. Analysts had an estimated revenue of $481.91M. Earnings per share were $-0.36. Analysts had estimated an EPS of $-0.41.
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.