Morgan Stanley Maintains Overweight Rating and $90 PT on Murphy Oil

A report from Morgan Stanley reiterates its Overweight rating and $90 price target on Murphy Oil

. The report states, “MUR soundly beats Street 3Q11E and guides higher 4QEPS with higher production and realizations after missing three consecutive quarters. Today's beat should drive performance for least expensive E&P." MUR closed yesterday at $55.63.