Murphy Oil (NYSE:MUR): What Credit Agricole Is Saying About Their Stock


How Credit Agricole Currently Rates Murphy Oil (NYSE:MUR)

Analysts at Credit Agricole have commenced coverage coverage for shares of Murphy Oil (NYSE:MUR) in a recent report published on Tuesday, 15 December. The financial firm set a Underperform rating on the $3.79 billion market cap firm.

From a total of 15 analysts covering Murphy Oil Corporation (NYSE:MUR) stock, 0 rate it a ”Buy”, 4 a “Sell”, and 14 a ”Hold”. This means that 0% of the ratings are positive. The highest target price is $36 while the lowest target price is $26. The mean of all analyst targets is $31.67 with a 71.22% above today’s ($22.27) stock price. Murphy Oil Corporation was the topic of 12 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. JP Morgan initiated shares on December 9 with “Neutral” rating. Credit Suisse upgraded shares to “Neutral” rating and $47 target share price in a report from a July 22. RBC Capital Markets maintained MUR stock in a recent report from July 31 with “Sector Perform” rating. Finally, UBS upgraded the stock to “Neutral” rating in a report issued on a July 30.

Approximately 914,972 shares of stock traded hands. Murphy Oil Corporation (NYSE:MUR) has declined 50.66% since May 12, 2015 and is downtrending. It has underperformed by 46.99% the S&P500.

The overall sentiment of institutions has is 1.08 in Q2 2015. Its the same as in 2015Q2. The ratio has no change, as 50 institutions have sold all the shares of Murphy Oil Corporation that they owned while 127 funds have taken shares off the table. only 46 funds have purchased shares for the first time while 146 added to their positions. These institutions now hold 142.14 million shares or 6.24% less than the 151.60 million shares they owned in 2015Q2.

The Fund Bancorpsouth Inc currently is holding shares equating to 12.99% of its total portfolio in Murphy Oil Corporation representing a total of 4.20 million shares. Another fund,Bank Of The Ozarks, is holding a total of 879,753 shares equating to 8.11% of their holdings. Additionally, Signature Financial Management Inc. has a 388,125 share stake in Murphy Oil Corporation which represents 5.77% of their total portfolio. The Fund, Elm Ridge Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 2.38% of their total portfolio. Finally Grace & White Inc Ny, a fund which is based in the state of New York reported a total holdings of 309,250 shares.

Insider activity is a very important aspect to track on any stock. Going back to May 15, 2015, shareholders of Murphy Oil Corporation have witnessed 0 buys, and a total of 1 sale equating to a net activity of approximately $12,904 . Mirosh Walentin sold 400 shares worth approximately $12,904. Hammock Kelli M sold 7,000 shares worth approximately $312,145.

Murphy Oil Corporation is an oil and gas exploration and production company. The company has a market cap of $3.79 billion. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. It currently has negative earnings. This business maintains upstream operating offices in locations, including Calgary, Alberta and Kuala Lumpur, Malaysia.

According to Zacks Investment Research, “Murphy Oil Corporation is a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom and crude oil transportation and trading operations in Canada.”