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

Scotiabank analyst Paul Cheng has maintained a Sector Perform rating on Murphy Oil (NYSE:MUR) but has lowered the price target from $47 to $36.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 5:18 pm

Goldman Sachs analyst Neil Mehta has maintained a Neutral rating on Murphy Oil (NYSE:MUR) while lowering the price target from $44 to $39.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 2:11 pm

BMO Capital has maintained a Market Perform rating on Murphy Oil but has lowered its price target from $42 to $40.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 5:43 pm

Barclays analyst Betty Jiang maintains an Equal-Weight rating on Murphy Oil (NYSE:MUR) but lowers the price target from $46 to $38.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:37 pm

Murphy Oil has announced that Eric Hambly will succeed Roger Jenkins as President and CEO, effective January 1, 2025. Hambly will also join the Board of Directors. Jenkins will retire from the Board on December 31, 2024, and continue as an advisor until the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 9:07 pm

Murphy Oil (NYSE:MUR) has seen a range of analyst ratings from bullish to bearish over the past three months. The average 12-month price target has decreased by 11.43% to $44.79. Analysts have lowered their ratings and price targets due to dynamic market conditions and company performance. Despite challenges like a decline in revenue and below-industry-average ROE and ROA, Murphy Oil maintains a strong net margin and prudent debt management.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 4:00 pm

Truist Securities has maintained a Buy rating on Murphy Oil but lowered the price target from $55 to $42.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:56 pm

Wells Fargo analyst Roger Read has maintained an Equal-Weight rating on Murphy Oil (NYSE:MUR) but has lowered the price target from $41 to $39.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 3:44 pm

Murphy Oil's short interest has increased by 15.19%, with 11.19 million shares sold short, representing 10.69% of its float. This is higher than its peers' average of 6.59%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 1:00 pm

Murphy Oil Corporation plans to offer $600 million in senior notes due in 2032. This move is likely aimed at raising capital for corporate purposes, which could include debt refinancing or funding new projects.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 11:21 am

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