UBS Group Cuts Murphy Oil (NYSE:MUR) Price Target to $32.00

Murphy Oil (NYSE:MUR - Get Free Report) had its target price lowered by stock analysts at UBS Group from $34.00 to $32.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the oil and gas producer's stock. UBS Group's price objective would suggest a potential upside of 21.81% from the stock's current price.

MUR has been the subject of several other research reports. Mizuho cut their price objective on shares of Murphy Oil from $50.00 to $45.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. Piper Sandler cut their price target on shares of Murphy Oil from $39.00 to $35.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group decreased their price objective on shares of Murphy Oil from $44.00 to $39.00 and set a "neutral" rating on the stock in a research note on Monday, October 7th. Truist Financial cut Murphy Oil from a "buy" rating to a "hold" rating and cut their target price for the stock from $42.00 to $31.00 in a research note on Friday, January 31st. Finally, Barclays decreased their price target on Murphy Oil from $38.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $36.33.

Murphy Oil Stock Performance

Murphy Oil stock traded down $0.41 during midday trading on Monday, hitting $26.27. The company's stock had a trading volume of 2,975,185 shares, compared to its average volume of 2,525,931. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.77. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 9.77 and a beta of 2.14. Murphy Oil has a 1-year low of $25.26 and a 1-year high of $49.14. The company has a 50-day moving average price of $30.34 and a two-hundred day moving average price of $33.51.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.27). Murphy Oil had a net margin of 13.44% and a return on equity of 7.66%. During the same period in the prior year, the firm earned $0.90 earnings per share. As a group, sell-side analysts predict that Murphy Oil will post 3.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MUR. Quadrature Capital Ltd acquired a new position in shares of Murphy Oil in the third quarter worth approximately $1,217,000. Prospector Partners LLC lifted its position in shares of Murphy Oil by 50.5% in the 3rd quarter. Prospector Partners LLC now owns 307,092 shares of the oil and gas producer's stock worth $10,361,000 after purchasing an additional 103,092 shares during the period. Citigroup Inc. boosted its stake in shares of Murphy Oil by 14.5% in the 3rd quarter. Citigroup Inc. now owns 605,557 shares of the oil and gas producer's stock valued at $20,431,000 after purchasing an additional 76,487 shares during the last quarter. Bank of Montreal Can increased its position in shares of Murphy Oil by 26.7% during the third quarter. Bank of Montreal Can now owns 67,246 shares of the oil and gas producer's stock worth $2,268,000 after buying an additional 14,181 shares during the period. Finally, Klein Pavlis & Peasley Financial Inc. bought a new position in Murphy Oil during the third quarter worth $796,000. 78.31% of the stock is owned by institutional investors and hedge funds.

About Murphy Oil

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.