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

UBS analyst Josh Silverstein maintains a Neutral rating on Murphy Oil (NYSE:MUR) and lowers the price target from $45 to $39.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 2:37 pm

Morgan Stanley has maintained an Equal-Weight rating on Murphy Oil but lowered its price target from $43 to $39.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 4:08 pm

Mizuho analyst William Janela maintains an Outperform rating on Murphy Oil but lowers the price target from $59 to $50.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 1:26 pm

Murphy Oil (NYSE:MUR) has received mixed ratings from analysts, with a recent trend of lowered price targets. The average 12-month price target is now $46.44, down 10.12% from the previous $51.67. Analysts have adjusted their ratings in response to market conditions and company performance, reflecting a cautious outlook. Despite challenges in revenue growth and return on equity, Murphy Oil maintains a strong net margin and a conservative debt approach.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 5:00 pm

JP Morgan analyst Arun Jayaram maintains a Neutral rating on Murphy Oil (NYSE:MUR) and lowers the price target from $47 to $39.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 4:23 pm

Murphy Oil's short interest has increased by 18.07%, with 7.05 million shares sold short, representing 6.73% of its float. This is higher than its peers' average of 5.54%. The rise in short interest suggests bearish sentiment, but it could also be a bullish indicator if the stock price rises.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 2:00 pm

Murphy Oil (NYSE:MUR) has outperformed the market over the past 5 years with an average annual return of 15.82%, resulting in a $1000 investment growing to $2,084.48. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 2:31 pm

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

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