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.

Murphy Oil Stock Up 0.4 %

Shares of NYSE:MUR traded up $0.13 during midday trading on Friday, hitting $32.60. 1,883,681 shares of the stock were exchanged, compared to its average volume of 1,432,842. The company has a market capitalization of $5.07 billion, a PE ratio of 9.94 and a beta of 2.56. Murphy Oil has a 52-week low of $18.83 and a 52-week high of $45.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.56 and a current ratio of 0.66. The business's fifty day simple moving average is $34.43 and its two-hundred day simple moving average is $35.91.

Murphy Oil (NYSE:MUR - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The oil and gas producer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.37. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $880.87 million. Murphy Oil had a return on equity of 12.07% and a net margin of 17.00%. The firm's revenue was up 100.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 EPS. As a group, research analysts predict that Murphy Oil will post 5.21 earnings per share for the current fiscal year.

Murphy Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be paid a dividend of $0.25 per share. This is a positive change from Murphy Oil's previous quarterly dividend of $0.18. The ex-dividend date is Friday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 3.07%. Murphy Oil's dividend payout ratio is 21.34%.

Analyst Upgrades and Downgrades

MUR has been the subject of a number of recent analyst reports. Piper Sandler decreased their price target on Murphy Oil from $49.00 to $47.00 and set an "overweight" rating for the company in a research report on Friday, July 22nd. The Goldman Sachs Group cut their price target on shares of Murphy Oil from $45.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, July 5th. StockNews.com raised shares of Murphy Oil from a "hold" rating to a "buy" rating in a research note on Friday. Morgan Stanley cut their target price on shares of Murphy Oil from $53.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, June 6th. Finally, JPMorgan Chase & Co. cut Murphy Oil from an "overweight" rating to a "neutral" rating and set a $51.00 target price for the company. in a research report on Thursday, May 5th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

Insider Activity

In related news, SVP E Ted Botner sold 10,128 shares of the company's stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP E Ted Botner sold 10,128 shares of the business's stock in a transaction that occurred on Thursday, June 9th. The stock was 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 approximately $3,098,880. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Roger W. Jenkins sold 225,000 shares of the stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $43.06, for a total value of $9,688,500.00. Following the transaction, the chief executive officer now owns 814,664 shares in the company, valued at approximately $35,079,431.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 282,498 shares of company stock worth $12,204,359. 6.20% of the stock is owned by corporate insiders.