Murphy Oil - MUR Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Murphy Oil in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MUR shares.
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8 brokers have issued twelve-month price objectives for Murphy Oil's shares. Their MUR share price forecasts range from $38.00 to $73.00. On average, they anticipate the company's stock price to reach $48.13 in the next twelve months. This suggests a possible upside of 37.1% from the stock's current price.
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Murphy Oil's stock was trading at $26.11 at the start of the year. Since then, MUR shares have increased by 34.5% and is now trading at $35.11.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Murphy Oil Co. (NYSE:MUR) posted its earnings results on Thursday, August, 4th. The oil and gas producer reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.51. The oil and gas producer had revenue of $1.10 billion for the quarter, compared to analyst estimates of $880.87 million. Murphy Oil had a trailing twelve-month return on equity of 12.07% and a net margin of 17.00%. The firm's revenue for the quarter was up 100.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 EPS.

Murphy Oil declared a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Monday, August 15th will be paid a dividend of $0.25 per share on Thursday, September 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, August 12th. This is an increase from the stock's previous quarterly dividend of $0.18.
Read our dividend analysis for MUR.

Murphy Oil (NYSE:MUR) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.04%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MUR will have a dividend payout ratio of 10.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MUR.

57 employees have rated Murphy Oil Chief Executive Officer Roger W. Jenkins on Glassdoor.com. Roger W. Jenkins has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Murphy Oil investors own include Intel (INTC), AT&T (T), Exxon Mobil (XOM), Pfizer (PFE), Cisco Systems (CSCO), General Electric (GE), Walt Disney (DIS), Gilead Sciences (GILD), Chevron (CVX) and Micron Technology (MU).

Murphy Oil trades on the New York Stock Exchange (NYSE) under the ticker symbol "MUR."

Shares of MUR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MUR stock can currently be purchased for approximately $35.11.

Murphy Oil (NYSE:MUR) has a market capitalization of $5.46 billion and generates $2.30 billion in revenue each year. The oil and gas producer earns $-73,660,000.00 in net income (profit) each year or $3.28 on an earnings per share basis.

The company employs 696 workers across the globe.

Murphy Oil's mailing address is 300 PEACH STREET P.O. BOX 7000, EL DORADO AR, 71731. The official website for the company is www.murphyoilcorp.com. The oil and gas producer can be reached via phone at (281) 675-9000, via email at investorrelations@murphyoilcorp.com, or via fax at 870-864-6373.