Murphy Oil (MUR) Gets a Hold from Piper Sandler

In a report released today, Mark Lear from Piper Sandler maintained a Hold rating on Murphy Oil, with a price target of $33.00.

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Lear covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and Occidental Petroleum. According to TipRanks, Lear has an average return of 5.1% and a 57.45% success rate on recommended stocks.

In a report released today, UBS also maintained a Hold rating on the stock with a $34.00 price target.

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 29 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, Maria A Martinez, the SVP of MUR sold 8,608.00 shares for a total of $300,591.36.