Murphy Oil (NYSE:MUR) Releases Earnings Results

Murphy Oil (NYSE:MUR) posted its earnings results on Wednesday. The oil and gas producer reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.17, FiscalAI reports. Murphy Oil had a return on equity of 8.51% and a net margin of 14.90%. The business had revenue of $849.17 million during the quarter, compared to analyst estimates of $781.53 million. During the same quarter last year, the company earned $0.41 EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year.

Murphy Oil Stock Performance

NYSE MUR traded down $0.29 during trading hours on Friday, hitting $36.02. 1,776,660 shares of the company’s stock traded hands, compared to its average volume of 2,057,677. The business’s fifty day moving average price is $38.86 and its two-hundred day moving average price is $36.88. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $5.16 billion, a P/E ratio of 11.22 and a beta of 0.52. Murphy Oil has a 52 week low of $27.66 and a 52 week high of $45.03.

Murphy Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.9%. Murphy Oil’s dividend payout ratio (DPR) is presently 43.61%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Barclays cut Murphy Oil from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $38.00 to $34.00 in a research report on Friday, August 14th. BMO Capital Markets restated a “market perform” rating on shares of Murphy Oil in a research report on Wednesday, October 14th. The Goldman Sachs Group raised their target price on shares of Murphy Oil from $36.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, October 27th. Wells Fargo & Company restated a “positive” rating on shares of Murphy Oil in a report on Tuesday, September 29th. Finally, Jefferies Financial Group set a $35.00 target price on shares of Murphy Oil and gave the stock a “hold” rating in a research report on Saturday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Murphy Oil has a consensus rating of “Hold” and a consensus target price of $39.75.

Murphy Oil Company Profile

Murphy Oil Corporation (NYSE:MUR) is an independent oil and natural gas exploration and production company. Its activities include identifying, acquiring, developing and producing crude oil, natural gas and natural gas liquids, with a focus on high-quality assets in North America.

The company’s operations are primarily located in the United States, including onshore assets in the Eagle Ford Shale of South Texas and offshore properties in the Gulf of Mexico. Murphy Oil has also historically maintained exploration and production interests in Canada and other international regions, although its current portfolio is concentrated in the United States.

Founded in 1950, Murphy Oil has evolved from a diversified energy company into a focused exploration and production business.