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

32.97

Mkt cap

5.1B

Volume

2.3M

High

33.71

P/E Ratio

8.80

52-wk high

49.14

Low

32.46

Div yield

0.03

52-wk low

30.99

Mizuho analyst Vincent Lovaglio has maintained a 'Buy' rating on Murphy Oil (NYSE:MUR) and raised the price target from $48 to $51.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 10:54 am

Analysts have provided various ratings for Murphy Oil (NYSE:MUR) within the last quarter, with a total of 3 bullish, 4 somewhat bullish, and 1 indifferent. The average 12-month price target for Murphy Oil is $50.88, representing a 4.31% decrease from the previous average price target of $53.17.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 9:00 pm

Piper Sandler analyst Mark Lear maintains an Overweight rating on Murphy Oil (NYSE:MUR) and raises the price target from $50 to $53.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 2:28 pm

Murphy Oil (NYSE:MUR) reported Q2 earnings of $0.79 per share, beating the analyst consensus estimate of $0.75 by 5.33%. However, this is a 59.07% decrease from the same period last year. The company also reported quarterly sales of $814.59 million, beating the estimate of $779.43 million by 4.51%, but this is a 26.01% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:44 pm

Murphy Oil (NYSE:MUR) is set to release its latest quarterly earnings report on August 3, 2023. Analysts estimate an earnings per share (EPS) of $0.75. The company's past performance shows a trend of beating EPS estimates but this has sometimes been followed by a drop in share price. The stock is currently trading at $43.0 and has seen a 28.82% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:48 am

Morgan Stanley analyst Devin McDermott has maintained an Equal-Weight rating on Murphy Oil (NYSE:MUR) and lowered the price target from $44 to $43.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 1:50 pm

Murphy Oil (NYSE:MUR) has received a mix of bullish and indifferent analyst ratings in the last quarter, with an average price target of $49.45, indicating potential upside from the current price of $40.58. This average price target represents a 2.81% decrease from the previous average price target of $50.88.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 9:00 pm

Keybanc analyst Leo Mariani has initiated coverage on Murphy Oil (NYSE:MUR) with an Overweight rating and a price target of $47.

Portfolio Pulse from richadhand@benzinga.com

July 11, 2023 | 8:25 am

Energy stocks are trading higher as oil prices rebound after a period of weakness.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 5:33 pm

Roth MKM analyst Leo Mariani has reiterated a Buy rating on Murphy Oil (NYSE:MUR) and maintained a $46 price target.

Portfolio Pulse from richadhand@benzinga.com

June 20, 2023 | 1:53 pm

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