Murphy Oil Co. (NYSE:MUR)‘s stock had its “neutral” rating reaffirmed by equities researchers at Nomura in a research report issued to clients and investors on Sunday, ARN reports. They presently have a $20.00 price target on the stock. Nomura’s price target suggests a potential upside of 1.99% from the company’s current price.

Murphy Oil (NYSE:MUR) opened at 19.61 on Friday. Murphy Oil has a 1-year low of $14.30 and a 1-year high of $52.00. The firm has a 50-day moving average of $20.16 and a 200-day moving average of $27.32. The stock’s market cap is $3.37 billion.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Wednesday, January 27th. The company reported ($0.76) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.20) by $0.44. The company had revenue of $658.09 million for the quarter, compared to analysts’ expectations of $610.63 million. The business’s revenue was down 53.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. Analysts expect that Murphy Oil will post ($3.30) EPS for the current fiscal year.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their price target on shares of Murphy Oil from $29.00 to $21.00 in a report on Wednesday. Barclays raised their price objective on shares of Murphy Oil from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. Deutsche Bank dropped their price objective on shares of Murphy Oil from $36.00 to $32.00 and set a “hold” rating on the stock in a report on Thursday, January 7th. Societe Generale dropped their price objective on shares of Murphy Oil from $35.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, October 19th. Finally, Oppenheimer reissued a “market perform” rating on shares of Murphy Oil in a report on Tuesday, December 1st. Four equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $35.36.

Other large investors recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its stake in Murphy Oil by 5.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 155,127 shares of the company’s stock valued at $3,485,000 after buying an additional 7,773 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its stake in Murphy Oil by 98.7% in the fourth quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 231,003 shares of the company’s stock valued at $5,186,000 after buying an additional 114,738 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Murphy Oil by 3.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 70,719 shares of the company’s stock valued at $1,588,000 after buying an additional 2,100 shares during the last quarter. Breton Hill Capital Ltd. boosted its stake in Murphy Oil by 13.6% in the fourth quarter. Breton Hill Capital Ltd. now owns 13,716 shares of the company’s stock valued at $308,000 after buying an additional 1,644 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Murphy Oil by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 340,299 shares of the company’s stock valued at $7,640,000 after buying an additional 5,190 shares during the last quarter.

Murphy Oil Corporation is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. This business maintains upstream operating offices in locations, including Calgary, Alberta and Kuala Lumpur, Malaysia. The Company’s crude oil, condensate and natural gas liquids production, as of 2014 averaged 151,647 barrels per day. The Company has operations in United States, Canada, Malaysia and all other countries, including Australia, Brunei, Vietnam, Suriname, Cameroon and Equatorial Guinea, among others. As of December 31, 2014, total United States proved reserves were 204.9 million barrels of crude oil, 29.1 million barrels of natural gas liquids and 226 billion cubic feet of natural gas. In Canada, it owns an interest in three non-operated assets, the Hibernia and Terra Nova fields offshore Newfoundland in the Jeanne d’Arc Basin and Syncrude Canada Ltd.

12 Month Chart for NYSE:MUR

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