Nomura Holdings Reiterates a Hold Rating on Murphy Oil Corp.

By Austin Angelo

In a report released today, Lloyd Byrne from Nomura Holdings reiterated a Hold rating on Murphy Oil Corp. (NYSE: MUR), with a price target of $28. The company’s shares opened today at $26.55.

According to TipRanks.com, Byrne is a 4-star analyst with an average return of 8.6% and a 62.0% success rate. Byrne covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Parker Drilling Company, and Whiting Petroleum Corp.

Murphy Oil Corp. has an analyst consensus of Moderate Sell, with a price target consensus of $32.

Based on Murphy Oil Corp.’s latest earnings report from March 31, the company posted quarterly revenue of $429.1M and quarterly net profit of -$198.8M. In comparison, last year the company earned revenue of $665.6M and had a net profit of -$1.6B.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MUR in relation to earlier this year. Most recently, in August 2015, Walentin Mirosh, a Director at MUR sold 400 shares for a total of $12,904.

Murphy Oil Corp. is a holding company, which engages in the exploration and production of oil and gas. It operates through the following geographical segments: United States, Canada, Malaysia, and Republic of the Congo. Its products include oil and gas liquids, natural gas, and synthetic oil. The company was founded by Charles H. Murphy, Jr. in 1950 and is headquartered in El Dorado, AR.