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

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

Murphy's Board of Directors has increased the stock buyback authorization by $500 million, leaving $800 million remaining under the current program. In 2024, Murphy repurchased $150 million of stock, totaling 3.8 million shares at an average price of $39.70 per share.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:04 am

Murphy Oil (NYSE:MUR) reported Q2 2024 adjusted EPS of $0.81, beating the analyst estimate of $0.74. However, sales of $802.771 million missed the $813.462 million estimate.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:02 am

Shares of oil and gas stocks are trading lower despite Middle East tensions, likely due to weak US economic data impacting demand outlook.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:50 pm

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