Benchmark Maintains Hold on Murphy Oil

Benchmark is out with its report today on Murphy Oil

, maintaining Hold. In its report, Benchmark writes, "HOLD rating reaffirmed notwithstanding favorable net asset value relationship given unfavorable, relative cash flow multiple valuation and potential disappointment versus management's near term production forecasts." At the time of posting, shares of MUR closed Tuesday at $50.28, down 0.91% from Monday's close.