Opinion

What Wall Street is saying about Murphy Oil Corporation (NYSE:MUR)

Murphy Oil Corporation (NYSE:MUR) stock is presently standing at about $26.40 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 17 analysts covering the company is $32.00, which suggests the stock could still rise over 17 percent. The highest analyst price target is $42.00, which implies a rally of 41 percent. And a quick view of analyst notes show that 1 are rating the stock a buy while 1 rate MUR a strong buy. There are 13 equity research firms advocating a Hold and 1 consider it Sell.

Credit Suisse analysts provided their view on Murphy Oil Corporation (NYSE:MUR) recently. The rating firm issued a Underperform rating to this company in a research note released on Dec 07, 2016. Raymond James analysts disclosed their opinion on Murphy Oil Corporation (NYSE:MUR) recently. The rating firm gave a Mkt Perform rating to this stock in a research note published on Jun 20, 2016. According to a research note disclosed on Jul 31, 2015, analysts at Oppenheimer have lowered their rating on these shares from Outperform to Perform.

Murphy Oil Corporation (NYSE:MUR) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Director MURPHY ROBERT MADISON Purchased 36,803 company shares for 889160, in a transaction on 2016-08-09. Following the transaction, the Director is left with a stake of 2,629,221 shares, currently valued at $69411434. Meanwhile, Vice President & Treasurer GARDNER JOHN B sold 1,246 shares worth $36620, through a transaction dated 2016-05-23. Following the completion of the transaction, the insider is left with a stake of 340 shares, amounting $8976. MUR Vice President MISNER ALLAN J. also sold 7,163 shares, at a stock price of $29.39. This transaction occurred on 2016-05-10 totals $210520. After this transaction, the insider’s stake stands at 10,171 shares, with a market value of $268514.

Executives hold 2.00 percent of the stock. Claiborne P. Deming is one of the biggest insider owners in Murphy Oil Corporation (NYSE:MUR), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 796,364 shares which have current market value of around $21024009.6.William C. Nolan,Jr is another major inside shareholder in the company. The insider owns 591,105 shares as of 0.34%, currently worth $15605172. Caroline G. Theus is ranked as third insider holder of the stock. This insider holds 402,930 shares with a market value around $10637352 as of recent close.

Murphy Oil Corporation (NYSE:MUR) Earnings Outlook

In Murphy Oil Corporation (NYSE:MUR)’s latest quarter, EPS moved to $-0.16 from $-0.18 in preceding quarter and revenues reached at $505.84M compared to $500.53M. Analysts had expected Murphy Oil Corporation (NYSE:MUR) to post net income of about $-0.17 per share on $481.36M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.23 to $0.23. That is compared with the $-0.66 in EPS it reported during the same period a year ago.

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