Scotiabank Releases a Hold Rating on Murphy Oil CorpBy Carrie Williams
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Murphy Oil Corp has an analyst consensus of Hold, with a price target consensus of $35.
Based on Murphy Oil Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $483 million and GAAP net loss of $63.92 million. In comparison, last year the company earned revenue of $572 million and had a GAAP net loss of $587 million.
Based on the recent corporate insider activity of 45 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.
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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.