Murphy Oil Corporation (MUR) was Upgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Underperform ” on the company shares. Raymond James advised their investors in a research report released on Jun 20, 2016.
Many Wall Street Analysts have commented on Murphy Oil Corporation. Company shares were Reiterated by UBS on Apr 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 36 from a previous price target of $19 .Company shares were Reiterated by Barclays on Apr 8, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 27 from a previous price target of $23 .
On the company’s financial health, Murphy Oil Corporation reported $-0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.68. The company had revenue of $430.30 million for the quarter, compared to analysts expectations of $412.97 million. The company’s revenue was down -53.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.
Murphy Oil Corporation opened for trading at $28.47 and hit $29.91 on the upside on Friday, eventually ending the session at $29.34, with a gain of 4.86% or 1.36 points. The heightened volatility saw the trading volume jump to 51,91,457 shares. Company has a market cap of $5,052 M.
In a different news, on May 23, 2016, John B Gardner (Vice President & Treasurer) sold 1,246 shares at $29.39 per share price. According to the SEC, 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.