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.

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Oil prices surged due to Middle East tensions and Libya's potential production halt, impacting energy stocks. WTI crude rose over 3%, marking a strong rally. Energy stocks like ConocoPhillips and ETFs such as XLE, OIH, and XOP saw gains.

Portfolio Pulse from Piero Cingari

August 26, 2024 | 1:49 pm

Wells Fargo analyst Roger Read has maintained an Equal-Weight rating on Murphy Oil (NYSE:MUR) but has lowered the price target from $47 to $41.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 2:15 pm

Murphy Oil's short interest has risen by 18.07%, with 7.05 million shares sold short, representing 6.73% of its float. This is higher than its peers' average of 5.51%. It would take traders 5.3 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 4:15 pm

Piper Sandler analyst Mark Lear maintains an Overweight rating on Murphy Oil (NYSE:MUR) but lowers the price target from $54 to $44.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:36 am

JP Morgan analyst Arun Jayaram has downgraded Murphy Oil (NYSE:MUR) from Overweight to Neutral and lowered the price target from $50 to $47.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:57 am

UBS analyst Josh Silverstein maintains a Neutral rating on Murphy Oil (NYSE:MUR) but lowers the price target from $49 to $45.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:51 pm

In the last three months, 4 analysts have published ratings on Murphy Oil (NYSE:MUR), showing a range of perspectives from bullish to bearish. The average 12-month price target is $50.5, with a high of $55.00 and a low of $46.00. Recent analyst actions include lowering ratings and price targets, reflecting changing market dynamics and company performance.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 1:00 pm

Barclays analyst Betty Jiang maintains an Equal-Weight rating on Murphy Oil (NYSE:MUR) but lowers the price target from $54 to $46.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:30 pm

Wall Street's most accurate analysts have spotlighted three high-dividend-yielding energy stocks: Chesapeake Energy Corporation (CHK), Murphy Oil Corporation (MUR), and Phillips 66 (PSX). These stocks are favored for their high free cash flows and substantial dividend payouts. Analysts have provided various ratings and price targets for these stocks, with recent earnings reports and strategic moves also highlighted.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 10:29 am

Murphy Oil Corp (NYSE:MUR) reported Q2 adjusted earnings per share of 81 cents, surpassing the consensus of 74 cents. Revenues were $802.77 million, slightly below the consensus of $813.46 million. The company repurchased $56 million of stock and announced a quarterly dividend of 30 cents per share. Murphy Oil also raised its share repurchase authorization by $500 million. The company expects Q3 net production of 181.5 to 189.5 MBOEPD. Investors can gain exposure to the stock via Harbor ETF Trust Harbor AlphaEdge Small Cap Earners ETF (NYSE:EBIT) and Vanguard Russell 2000 Value ETF (NASDAQ:VTWV).

Portfolio Pulse from Lekha Gupta

August 08, 2024 | 12:54 pm

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