J.P. Morgan Reaffirms Their Hold Rating on Murphy Oil (MUR)

In a report released yesterday, Arun Jayaram from J.P. Morgan maintained a Hold rating on Murphy Oil, with a price target of $44.00. The company’s shares closed yesterday at $39.97.

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According to TipRanks, Jayaram is a 5-star analyst with an average return of 14.6% and a 63.29% success rate. Jayaram covers the Energy sector, focusing on stocks such as Conocophillips, Murphy Oil, and EQT.

In addition to J.P. Morgan, Murphy Oil also received a Hold from Wells Fargo’s Hanwen Chang in a report issued today. However, on March 24, Johnson Rice upgraded Murphy Oil (NYSE: MUR) to a Buy.

Based on Murphy Oil’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $642.06 million and a net profit of $11.86 million. In comparison, last year the company earned a revenue of $669.57 million and had a net profit of $50.34 million

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MUR in relation to earlier this year. Earlier this month, Daniel R Hanchera, the SVP of MUR sold 47,320.00 shares for a total of $1,598,469.60.