Murphy Oil Corporation (NYSE:MUR) registered a 1.76% increase, still its new closing price is 95.60% up from the company’s 1 year high of 36.37.It posted -9.54% losses in previous 5 sessions and is now the subject of 13 analysts who together assign a hold rating on stock. 4 of Wall Street analysts have an underperform rating; the 1 sells versus 1 buy or better ratings. The 20 stock analysts following this company have an average price target at $32.56, with individual PT in the $24.00-$42.00 range. The shares moved at $28.91, implying that brokerage firms see shares gaining about 65.35% in twelve months time.
Murphy Oil Corporation (MUR) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a -7.13% fall year to date. A Director at Murphy Oil Corporation (MUR) acquired shares in a transaction closed on Tuesday August 09, 2016. MURPHY ROBERT MADISON bought 36,803 shares in the company at $24.16 each and collected $889,000 in proceeds. MURPHY ROBERT MADISON now owns 2,629,221 shares in the company after this transaction. A Vice President & Treasurer in the company, GARDNER JOHN B, disclosed a transaction on Monday May 23, 2016 that ended up generating $36,001 from the sale of 1,246 shares at $29.39 per share.
Murphy Oil Corporation (NYSE:MUR) Upcoming Results on Tap
Murphy Oil Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.02 in that period. Sales during the quarter are predicted to arrive at $525.27 million.
Earnings surprise history: Last quarter, the company posted approximately $505.84 million in revenue and EPS of $-0.16. The mean forecast was for $481.36 million and $-0.17 a share, respectively. One quarter earlier, revenue for the stock was at $500.53 million, with earnings at $-0.18/share.
Murphy Oil Corporation (MUR) Brokerage Update
Murphy Oil Corporation (MUR) is in Credit Suisse’s research list so their analyst rating change is noteworthy. These shares were downgraded to Underperform from Neutral by Credit Suisse, according to news reported on Wednesday December 07, 2016.Another important research note was issued by Raymond James on Monday June 20, 2016.The firm upgraded MUR to Mkt Perform from Underperform. Over the last six months and over the last three months, the shares of Murphy Oil Corporation (MUR), have changed 14.89% and 8.52%, respectively.