Murphy Oil - MUR Stock Forecast, Price & News

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.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MUR. Piper Sandler dropped their price target on shares of Murphy Oil from $49.00 to $47.00 and set an "overweight" rating on the stock in a research report on Friday, July 22nd. Truist Financial boosted their price target on shares of Murphy Oil from $41.00 to $60.00 in a research report on Thursday, April 21st. StockNews.com upgraded shares of Murphy Oil from a "hold" rating to a "buy" rating in a research report on Friday, August 5th. MKM Partners reiterated a "buy" rating and issued a $38.00 target price on shares of Murphy Oil in a report on Wednesday, July 20th. Finally, JPMorgan Chase & Co. downgraded shares of Murphy Oil from an "overweight" rating to a "neutral" rating and set a $51.00 target price on the stock. in a report on Thursday, May 5th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

Murphy Oil Stock Performance

Murphy Oil stock opened at $35.23 on Friday. The firm's 50 day simple moving average is $33.52 and its 200-day simple moving average is $36.00. The company has a market cap of $5.48 billion, a P/E ratio of 10.74 and a beta of 2.56. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.66 and a quick ratio of 0.62. Murphy Oil has a fifty-two week low of $18.83 and a fifty-two week high of $45.79.

Murphy Oil (NYSE:MUR - Get Rating) last released its earnings results on Thursday, August 4th. The oil and gas producer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.37. Murphy Oil had a net margin of 17.00% and a return on equity of 12.07%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $880.87 million. During the same period last year, the firm posted $0.59 earnings per share. The firm's quarterly revenue was up 100.3% compared to the same quarter last year. As a group, equities research analysts predict that Murphy Oil will post 5.32 EPS for the current year.

Murphy Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 12th. This is an increase from Murphy Oil's previous quarterly dividend of $0.18. This represents a $1.00 dividend on an annualized basis and a yield of 2.84%. Murphy Oil's payout ratio is presently 21.34%.

Insider Activity at Murphy Oil

In related news, CEO Roger W. Jenkins sold 225,000 shares of the business's stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $43.06, for a total transaction of $9,688,500.00. Following the transaction, the chief executive officer now directly owns 814,664 shares of the company's stock, valued at $35,079,431.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Murphy Oil news, SVP E Ted Botner sold 10,128 shares of Murphy Oil stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $45.00, for a total value of $455,760.00. Following the completion of the sale, the senior vice president now directly owns 68,864 shares in the company, valued at $3,098,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Roger W. Jenkins sold 225,000 shares of Murphy Oil stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $43.06, for a total transaction of $9,688,500.00. Following the completion of the sale, the chief executive officer now owns 814,664 shares of the company's stock, valued at $35,079,431.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 279,742 shares of company stock valued at $12,115,092. Corporate insiders own 6.20% of the company's stock.