Murphy Oil Corporation (MUR) Receiving Somewhat Favorable Press Coverage, Analysis Finds
News articles about Murphy Oil Corporation (NYSE:MUR) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Murphy Oil Corporation earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 45.7469597266362 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Is Murphy Oil Corporation (MUR) Stock is Risky? – Stocks Gallery (stocksgallery.com)
- Murphy Oil Corporation (MUR) Holdings Increased by Pzena Investment Management LLC (techkenyot.com)
- Zacks: Brokerages Anticipate Murphy Oil Corporation (MUR) Will Post Quarterly Sales of $483.59 Million (americanbankingnews.com)
- Watch for Murphy Oil Corp to Potentially Rebound After Falling 2.02% Yesterday (mysmartrend.com)
- Stock Price Performance Review for Murphy Oil Corporation (NYSE:MUR) – Jonesboro Recorder (jonesbororecorder.com)
Shares of Murphy Oil Corporation (NYSE:MUR) traded down 2.27% during midday trading on Thursday, hitting $24.08. The stock had a trading volume of 2,018,896 shares. The firm has a 50-day moving average of $25.50 and a 200 day moving average of $26.49. Murphy Oil Corporation has a 12-month low of $23.61 and a 12-month high of $35.19. The firm’s market cap is $4.16 billion.
Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.04. Murphy Oil Corporation had a negative return on equity of 1.76% and a negative net margin of 1.83%. The company had revenue of $474.50 million during the quarter, compared to the consensus estimate of $495.03 million. During the same quarter last year, the company earned ($0.36) EPS. On average, analysts expect that Murphy Oil Corporation will post ($0.27) earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be issued a $0.25 dividend. The ex-dividend date is Thursday, August 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.15%. Murphy Oil Corporation’s payout ratio is presently -454.55%.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Royal Bank Of Canada set a $32.00 price target on Murphy Oil Corporation and gave the stock a “hold” rating in a report on Saturday, June 3rd. Scotiabank set a $26.00 price target on Murphy Oil Corporation and gave the stock a “hold” rating in a report on Saturday, July 1st. BidaskClub downgraded Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Simmons raised their target price on Murphy Oil Corporation from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, April 19th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $31.55.
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In related news, insider Kelli M. Hammock sold 4,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $25.63, for a total transaction of $102,520.00. Following the completion of the sale, the insider now directly owns 14,298 shares of the company’s stock, valued at approximately $366,457.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Allan J. Misner sold 3,795 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $26.05, for a total value of $98,859.75. Following the sale, the vice president now directly owns 100 shares of the company’s stock, valued at $2,605. The disclosure for this sale can be found here. Insiders have sold a total of 8,795 shares of company stock valued at $225,390 over the last ninety days. Insiders own 6.89% of the company’s stock.
Murphy Oil Corporation Company Profile
Murphy Oil Corporation (Murphy) 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. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
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