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How Is Wall Street Rating Murphy Oil after 3Q16 Earnings Release?

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Wall Street analyst ratings for Murphy Oil

Currently, ~15.0% of Wall Street analysts rate Murphy Oil (MUR) a “buy,” and ~70.0% rate it a “hold.” About 15.0% rate the stock a “sell.” The median price target from these recommendations is $31.18, which is ~5.0% higher than the October 26, 2016, closing price of $29.71.

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Murphy Oil’s individual recommendations

The above table shows Wall Street analysts’ forecasts for Murphy Oil following its 3Q16 earnings release on October 26, 2016. As you can see, the most recent recommendation of “underweight/attractive” comes from Morgan Stanley, issued on October 27, 2016. Morgan Stanley assigned Murphy Oil a target price of $33, which is ~11.0% higher than its October 26, 2016, closing price of $29.71. It expects Murphy Oil to reach the target price within 12 months of the date of the recommendation.

Piper Jaffray assigned Murphy Oil the lowest target price of $26, which is ~12.0% lower than its October 26, 2016, closing price of $29.71. Piper Jaffray reiterated its recommendation on October 26. It expects Murphy Oil to reach the target price within 12 months of the date of the recommendation.

Other oil and gas producers

Based on the median price targets of recommendations from Wall Street analysts, other upstream companies such as QEP Resources (QEP), Gulfport Energy (GPOR), and Parsley Energy (PE) have potential upsides of ~41.0%, ~43.0%, and ~17.0%, respectively, from their October 26 closing prices.

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) generally invests at least 80.0% of its total assets in oil and gas exploration companies. The Vanguard Energy ETF (VDE) invests in the broader energy market.

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