Streetbeat News

MUR

Murphy Oil Corporation

https://www.murphyoilcorp.com

Industry

Oil & Gas Exploration & Production

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and natural gas exploration and production company in the United States, Canada, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964. The company was incorporated in 1950 and is headquartered in Houston, Texas.

Open

32.68

Mkt cap

4.8B

Volume

416K

High

33.08

P/E Ratio

10.52

52-wk high

49.14

Low

32.58

Div yield

0.04

52-wk low

30.99

Murphy Oil Corporation announces a CEO change with Eric Hambly replacing Roger Jenkins. The company focuses on organic growth and stock buybacks due to perceived undervaluation.

Portfolio Pulse from

November 15, 2024 | 12:00 pm

Murphy Oil Corporation held its Q3 2024 earnings call, discussing financial results and company performance. Key executives participated, and analysts from various firms attended.

Portfolio Pulse from

November 07, 2024 | 7:30 pm

Murphy Oil's Q3 earnings fell short of expectations, with a year-over-year revenue decline. The underperformance is attributed to lower contributions from the Eagle Ford Shale and Gulf of Mexico regions.

Portfolio Pulse from

November 07, 2024 | 6:30 pm

Murphy Oil (MUR) reported Q3 earnings of $0.74 per share, missing the Zacks Consensus Estimate of $0.76. This is a decrease from $1.59 per share a year ago.

Portfolio Pulse from

November 07, 2024 | 3:00 pm

Murphy Oil (MUR) is set to release its Q3 earnings, with expectations of strong domestic volumes potentially boosting results. However, unplanned storm downtime and a drop in prices may offset these positives.

Portfolio Pulse from

November 06, 2024 | 6:45 pm

Murphy Oil (NYSE:MUR) has seen a shift in analyst ratings over the past three months, with a general trend towards lowering price targets. The average 12-month price target has decreased by 12.27% to $42.89. Analysts have expressed concerns about the company's revenue growth and return on equity, although its net margin remains strong.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 2:01 pm

Keybanc analyst Tim Rezvan maintains an Overweight rating on Murphy Oil (NYSE:MUR) but lowers the price target from $54 to $50.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:55 am

Murphy Oil's short interest has decreased by 12.91%, with 9.75 million shares sold short, representing 9.31% of its float. This is higher than its peers' average of 6.89%. The decrease in short interest may indicate a more bullish sentiment.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 4:15 pm

Piper Sandler analyst Mark Lear maintains an Overweight rating on Murphy Oil but lowers the price target from $44 to $43.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:44 pm

Energy stocks are experiencing a decline as oil prices drop following reports that Israel may target military sites in Iran, excluding oil or nuclear targets.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:52 am

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