In a report released yesterday, William Featherston from Credit Suisse maintained a Hold rating on Murphy Oil Corp (MUR – Research Report), with a price target of $31. The company’s shares closed yesterday at $28.24.
According to TipRanks.com, Featherston has 0 stars on 0-5 star ranking scale with an average return of -4.6% and a 43.5% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Oasis Petroleum Inc, Anadarko Petroleum, and Chesapeake Energy.
Murphy Oil Corp has an analyst consensus of Hold, with a price target consensus of $31.78, implying a 12.5% upside from current levels. In a report issued on February 4, Stephens also reiterated a Hold rating on the stock with a $37 price target.
Based on Murphy Oil Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $103 million. In comparison, last year the company had a GAAP net loss of $287 million.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is neutral on the stock.
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Murphy Oil Corp. is a holding company, which engages in the exploration and production of oil and gas. It operates through the following geographical segments: United States, Canada, Malaysia, and Other. Its products include oil and gas liquids, natural gas, and synthetic oil.