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

Murphy Oil plans a 2024 capital expenditure (Capex) of $920M-$1.02B with expected production ranging from 180-188 MBOEPD, including about 96 MBOPD of oil and 106 MBOEPD of liquids.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:09 am

Murphy Oil reported an adjusted EBITDA of $414.4M for Q4 2023, a decrease from $465.8M in the same quarter of the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:06 am

Murphy Oil reported a production of 185K barrels of oil equivalent per day (MBOEPD), with 94K barrels of oil per day (MBOPD), making up 51% of its total volumes. The production for the quarter met guidance despite slightly lower production in the Gulf of Mexico and Eagle Ford Shale, which was balanced by lower realized royalty rates in the Tupper Montney asset.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:05 am

Murphy Oil Corporation has declared a 9% increase in its quarterly cash dividend, raising it to $0.30 per share, which amounts to an annualized dividend of $1.20 per share for the year 2024.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:03 am

Murphy Oil Corporation reported Q4 adjusted earnings per share (EPS) of $0.90, missing the analyst consensus estimate of $1.00 by 10%. Year-over-year, this represents an 18.18% decrease from the $1.10 EPS reported in the same quarter last year. Quarterly sales were $844.20 million, falling short of the $855.99 million estimate by 1.38% and marking a 13.44% decrease from the $975.22 million reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:02 am

Piper Sandler analyst Mark Lear has maintained an Overweight rating on Murphy Oil (NYSE:MUR) but has reduced the price target from $56 to $50.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:51 pm

Analysts have updated their ratings and price targets for Murphy Oil (NYSE:MUR), with 4 analysts offering diverse views. The average 12-month price target is now $52.00, up from $51.67. Tim Rezvan from Keybanc and Josh Silverstein from UBS lowered their price targets, while Neal Dingmann from Truist Securities maintained his, and Mark Lear from Piper Sandler raised his. Murphy Oil's financials show a revenue decline of -18.23% for the last quarter, a high net margin of 26.77%, but a lower than average ROE of 4.83% and a strong ROA of 2.53%. The company's debt-to-equity ratio is healthy at 0.45.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 6:00 pm

Keybanc analyst Tim Rezvan has maintained an Overweight rating on Murphy Oil (NYSE:MUR) but has reduced the price target from $53 to $50.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 4:07 pm

The article identifies five value stocks in the energy sector based on their low P/E ratios, suggesting they may be undervalued. Coterra Energy (CTRA), Petrobras Brasileiro (PBR), Murphy Oil (MUR), RPC (RES), and ProPetro Holding (PUMP) are highlighted. The article provides recent earnings per share (EPS) data and dividend yield changes for these companies, indicating mixed financial performance in the recent quarter.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 2:39 pm

Murphy Oil announced the completion of drilling at the Oso #1 exploration well in Atwater Valley 138, Gulf of Mexico. The company has revised its Q4 exploration expense guidance from $53M to $83M, which includes a net well cost of $64M for Oso, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:39 pm

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