Murphy Oil Corp. (MUR) Receives $26.86 Average PT from Brokerages
Murphy Oil Corp. (NYSE:MUR) has earned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the firm. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $26.86.
Several research firms have recently commented on MUR. Zacks Investment Research raised Murphy Oil Corp. from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Wednesday, October 12th. Barclays PLC reissued an “overweight” rating and issued a $42.00 price objective on shares of Murphy Oil Corp. in a report on Tuesday, August 2nd. Nomura reissued a “hold” rating and issued a $28.00 price objective on shares of Murphy Oil Corp. in a report on Monday, November 7th. Finally, Credit Agricole SA reissued a “sell” rating on shares of Murphy Oil Corp. in a report on Tuesday, August 16th.
Shares of Murphy Oil Corp. (NYSE:MUR) opened at 30.73 on Wednesday. The firm has a 50-day moving average of $28.34 and a 200 day moving average of $29.33. Murphy Oil Corp. has a one year low of $14.30 and a one year high of $37.48. The company’s market cap is $5.29 billion.
Murphy Oil Corp. (NYSE:MUR) last released its quarterly earnings results on Wednesday, October 26th. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.02. Murphy Oil Corp. had a negative return on equity of 6.50% and a negative net margin of 39.44%. During the same quarter in the prior year, the company posted ($0.72) earnings per share. Equities research analysts anticipate that Murphy Oil Corp. will post ($1.33) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, November 9th. Murphy Oil Corp.’s payout ratio is -21.55%.
A number of hedge funds and other institutional investors have recently bought and sold shares of MUR. Euclid Advisors LLC purchased a new position in Murphy Oil Corp. during the second quarter valued at $104,000. Advisor Group Inc. purchased a new position in Murphy Oil Corp. during the second quarter valued at $116,000. Acadian Asset Management LLC purchased a new position in Murphy Oil Corp. during the second quarter valued at $132,000. Toronto Dominion Bank boosted its position in Murphy Oil Corp. by 428.2% in the third quarter. Toronto Dominion Bank now owns 4,743 shares of the company’s stock valued at $144,000 after buying an additional 3,845 shares during the last quarter. Finally, I.G. Investment Management LTD. purchased a new position in Murphy Oil Corp. during the second quarter valued at $159,000. Hedge funds and other institutional investors own 92.91% of the company’s stock.
Murphy Oil Corp. Company Profile
Murphy Oil Corporation is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.
Receive News & Stock Ratings for Murphy Oil Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil Corp. and related stocks with our FREE daily email newsletter.