Murphy Oil (MUR – Research Report) received a Buy rating and price target from Truist Financial analyst Neal Dingmann today. The company’s shares closed last Friday at $46.44.
Dingmann covers the Energy sector, focusing on stocks such as Civitas Resources, APA, and Devon Energy. According to TipRanks, Dingmann has an average return of 15.8% and a 73.61% success rate on recommended stocks.
In addition to Truist Financial, Murphy Oil also received a Buy from Piper Sandler’s Mark Lear in a report issued on April 26. However, on April 24, Barclays maintained a Hold rating on Murphy Oil (NYSE: MUR).
MUR market cap is currently $7.09B and has a P/E ratio of 11.00.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MUR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Murphy Oil (MUR) Company Description:
Murphy Oil Corp. is a holding company, which engages in the exploration and production of oil and natural gas. It operates through the Exploration and Production and Corporate and Other segment. The Exploration and Production segment includes the United States, Canada, and all other countries. The Corporate and Other segment focuses on interest income, other gains and losses, interest expense, and unallocated overhead. The company was founded by Charles H. Murphy Jr. in 1950 and is headquartered in El Dorado, AR.
Read More on MUR:
- Murphy Oil price target raised to $54 from $50 at KeyBanc
- Murphy Oil price target raised to $55 from $49 at Piper Sandler
- Murphy Oil price target raised to $55 from $53 at Mizuho
- Scotiabank shakes up major oil ratings and price targets
- Murphy Oil downgraded to Sector Perform from Outperform at Scotiabank
