KeyBanc Sticks to Their Hold Rating for Murphy Oil (MUR)

In a report released yesterday, Tim Rezvan from KeyBanc maintained a Hold rating on Murphy Oil. The company’s shares closed yesterday at $28.33.

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Rezvan covers the Energy sector, focusing on stocks such as Matador Resources, Diamondback, and Crescent Energy Company Class A. According to TipRanks, Rezvan has an average return of -10.2% and a 35.27% success rate on recommended stocks.

Murphy Oil has an analyst consensus of Hold, with a price target consensus of $27.08, implying a -4.41% downside from current levels. In a report released yesterday, UBS also maintained a Hold rating on the stock with a $27.00 price target.

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