Piper Sandler (NYSE:PIPR) analyst Mark Lear (NYSE:LEA) maintained a Hold rating on Murphy Oil Corp (NYSE:MUR). on Thursday, setting a price target of $15, which is approximately 0.99% below the present share price of $15.15.
Lear expects Murphy Oil Corp. to post earnings per share (EPS) of -$2.71 for the third quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Hold rating of shares in Murphy Oil, with an average price target of $14.55.
The analysts price targets range from a high of $20 to a low of $10.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $600.56 million and a net profit of -$25.92 million. The company's market cap is $2.34 billion.
According to TipRanks.com, Piper Sandler analyst Mark Lear is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -11.4% and a 30.67% success rate.
Murphy Oil Corp. is a holding company, which engages in the exploration and production of oil and natural gas. It operates through the Exploration and Production and Corporate and Other segment. The Exploration and Production segment includes the United States, Canada, and all other countries. The Corporate and Other segment focuses on interest income, other gains and losses, interest expense, and unallocated overhead. The company was founded by Charles H. Murphy Jr. in 1950 and is headquartered in El Dorado, AR.