Analysts Conflicted on These Energy Names: Murphy Oil (MUR) and Beach Energy (OtherBEPTF)
Analysts have been eager to weigh in on the Energy sector with new ratings on Murphy Oil (MUR – Research Report) and Beach Energy (BEPTF – Research Report).
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Murphy Oil (MUR)
In a report released yesterday, Betty Jiang from Barclays maintained a Sell rating on Murphy Oil, with a price target of $31.00. The company’s shares closed last Wednesday at $31.59.
According to TipRanks.com, Jiang is a 1-star analyst with an average return of
Currently, the analyst consensus on Murphy Oil is a Hold with an average price target of $29.18.
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Beach Energy (BEPTF)
UBS analyst Tom Allen maintained a Hold rating on Beach Energy today and set a price target of A$1.15. The company’s shares closed last Friday at $0.76, close to its 52-week low of $0.71.
According to TipRanks.com, Allen is ranked #2152 out of 12040 analysts.
Beach Energy has an analyst consensus of Moderate Sell, with a price target consensus of $0.67, which is a -11.8% downside from current levels. In a report issued on January 13, RBC Capital also maintained a Hold rating on the stock with a A$1.05 price target.
