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 (NYSE:MUR) has received various analyst ratings in the last quarter, with 2 bullish, 3 somewhat bullish, and 4 indifferent. Over the past 3 months, 9 analysts have offered 12-month price targets for Murphy Oil, with an average price target of $49.11, an increase of 7.34% from the previous average price target of $45.75.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 8:01 pm

Mizuho analyst Vincent Lovaglio maintains a Buy rating on Murphy Oil (NYSE:MUR) and raises the price target from $51 to $53.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:35 pm

Murphy Oil Corporation has announced the closure of a non-core Canadian asset sale for $104M. The company also plans to redeem all of its outstanding 5.750% Senior Notes due 2025 on October 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 10:40 am

Wells Fargo analyst Roger Read has maintained an Equal-Weight rating on Murphy Oil (NYSE:MUR) and raised the price target from $45 to $46.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 12:54 pm

Five top Wall Street analysts have made new stock picks. Leo Mariani from Keybanc sees a 19% upside in Murphy Oil Corporation (MUR), Zachary Fadem from Wells Fargo sees a 29% upside in Petco Health and Wellness Company (WOOF), Chris Caso from Wolfe Research sees a 37% upside in NVIDIA Corporation (NVDA), William Power from Baird sees a 33% upside in Zoom Video Communications (ZM), and Craig Ellis from B. Riley Securities sees a 44% upside in Marvell Technology (MRVL).

Portfolio Pulse from Lisa Levin

August 28, 2023 | 11:09 am

Benzinga Insights has identified five value stocks in the energy sector that may be worth watching: North European Oil (NRT), Evolution Petroleum (EPM), Earthstone Energy (ESTE), HighPeak Energy (HPK), and Murphy Oil (MUR). The selection is based on low P/E multiples, indicating potential undervaluation. However, all companies experienced changes in their earnings per share and dividend yields in the recent quarters.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 2:39 pm

Keybanc has maintained its Overweight rating for Murphy Oil (NYSE:MUR) and increased its price target from $47.00 to $53.00. This new target price represents an 18.44% increase from the current share price. Despite this, Murphy Oil's shares have traded down 0.09% over the last 24 hours.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 5:01 pm

Keybanc analyst Leo Mariani has maintained an Overweight rating on Murphy Oil (NYSE:MUR) and raised the price target from $47 to $53.

Portfolio Pulse from richadhand@benzinga.com

August 23, 2023 | 8:01 am

Morgan Stanley analyst Devin McDermott has maintained an Equal-Weight rating on Murphy Oil (NYSE:MUR) and raised the price target from $43 to $46.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:45 pm

Benzinga Insights has identified five value stocks in the energy sector that may be worth watching: Crescent Energy (CRGY), Liberty Energy (LBRT), Cheniere Energy (LNG), Murphy Oil (MUR), and W&T Offshore (WTI). All five companies have seen a decrease in earnings per share in the most recent quarter, and most have also seen a decrease in their dividend yield.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 2:39 pm

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