In a report released today, Chris Baker from Evercore ISI maintained a Hold rating on Murphy Oil, with a price target of $22.00. The company’s shares closed last Friday at $30.45.
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According to TipRanks, Baker is a 5-star analyst with an average return of 67.5% and an 82.35% success rate. Baker covers the Energy sector, focusing on stocks such as APA, Devon Energy, and Ovintiv.
In addition to Evercore ISI, Murphy Oil also received a Hold from KeyBanc’s Tim Rezvan in a report issued on October 1. However, on September 23, Piper Sandler maintained a Buy rating on Murphy Oil (NYSE: MUR).
Based on Murphy Oil’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $683.07 million and a net profit of $22.28 million. In comparison, last year the company earned a revenue of $801.01 million and had a net profit of $127.74 million
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