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

29.94

Mkt cap

4.3B

Volume

2.1M

High

30.54

P/E Ratio

9.50

52-wk high

49.14

Low

29.38

Div yield

0.04

52-wk low

27.75

Murphy Oil (MUR) is expected to report strong fourth-quarter earnings per share, driven by robust production from both domestic and international assets.

Portfolio Pulse from

January 27, 2025 | 2:45 pm

Analysts predict that Murphy Oil (MUR) will report a decline in earnings in its upcoming report. The company lacks the necessary factors for an earnings beat.

Portfolio Pulse from

January 23, 2025 | 4:15 pm

Murphy Oil Corporation is focusing on mid single-digit production growth and aims to reduce long-term debt to $1 billion by mid-2025. The company plans to allocate 50% of free cash flow to buybacks and dividends, targeting double-digit returns.

Portfolio Pulse from

January 02, 2025 | 4:45 pm

Murphy Oil Corporation has scheduled its fourth quarter 2024 earnings release and conference call for January 30, 2025. The company will release its financial and operating results before the market opens and will host a webcast to discuss the earnings.

Portfolio Pulse from

December 30, 2024 | 9:45 pm

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

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