Murphy Oil Corporation (MUR) up 6.08 per cent in the past week, is under coverage of 19 analysts who collectively recommend a sell rating on stock. 0 of the analysts have a buy or better rating; the 1 sells versus 4 underperforms. The 17 equity analysts who rate the stock have an average target price at $28, with individual targets ranging between $13 and $35. The shares closed last trade at $32.79, implying that analysts see shares falling about -14.61 per cent in 12 months’ time.
Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 50.91 up so far this year. A Vice President & Treasurer at Murphy Oil Corporation (MUR) sold shares in the company in a transaction completed on Monday May 23, 2016. Gardner John B offloaded 1,246 shares in the company at an average price of $29.39 and ended up generating $36,620 in proceeds. Gardner John B retains 340 shares in the company after this transaction. A Vice President in the company, Misner Allan J., on Tuesday May 10, 2016 collected $210,520 from the sale of 7,163 shares at $29.39 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.
Earnings to Watch: Investors considering MUR stock at the going market price of $32.79/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver -$0.48 in earnings per share (EPS). That would represent a 0% year-over-year decrease. Revenue for the same period is expected to arrive at $474.33M.
Earnings Roundup: In the last fiscal quarter alone, Murphy Oil Corporation generated around $430.3M in revenue and net income of -$0.66/share. That compares with the consensus estimate $446.29M and -$0.71/share, respectively. For the prior quarter revenue for the company hit $658.09M, with earnings at -$0.76/share.
Analyst Coverage: Oppenheimer has been a brokerage house following shares of Murphy Oil Corporation (MUR), so its rating change is noteworthy. The stock was downgraded to Perform from Outperform, wrote analysts at Oppenheimer, in a note issued to clients on Friday July 31, 2015. There was another key note issued by UBS on Thursday July 30, 2015. The firm lifted its rating on MUR from Sell to Neutral.
Price Momentum: Despite the 4.33% increase in value, the stock’s new closing price represents a -21.91% fall in value from company’s one year high of $44.37. The stock is currently holding above its 50 day moving average of $11.4 and above its 200 day moving average of $31.45. Over the last three months and over the last six months, the shares of Murphy Oil Corporation (MUR), have changed 31.3% and 24.44%, respectively.