Barclays Remains a Hold on Murphy Oil (MUR)

In a report released today, Betty Jiang from Barclays maintained a Hold rating on Murphy Oil, with a price target of $33.00.

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According to TipRanks, Jiang is a 4-star analyst with an average return of 5.0% and a 53.00% success rate. Jiang covers the Energy sector, focusing on stocks such as Diamondback, APA, and Coterra Energy.

In addition to Barclays, Murphy Oil also received a Hold from Roth MKM’s Leo Mariani in a report issued on March 30. However, on March 27, Morgan Stanley maintained a Sell rating on Murphy Oil (NYSE: MUR).

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. Last month, Daniel R Hanchera, the SVP of MUR sold 47,320.00 shares for a total of $1,598,469.60.