Societe Generale Lowers Murphy Oil Corp. Price Target to $65.00 (MUR)
Stock analysts at Societe Generale decreased their target price on shares of Murphy Oil Corp. (NYSE:MUR) from $70.00 to $65.00 in a report issued on Wednesday, AR Network reports. The firm currently has a “hold” rating on the stock. Societe Generale’s price objective would suggest a potential upside of 4.82% from the stock’s previous close.
Murphy Oil Corp. (NYSE:MUR) traded up 1.91% on Wednesday, hitting $62.01. The stock had a trading volume of 1,563,554 shares. Murphy Oil Corp. has a 1-year low of $47.2625 and a 1-year high of $63.23. The stock’s 50-day moving average is $60.20 and its 200-day moving average is $56.36. The company has a market cap of $11.589 billion and a P/E ratio of 10.21.
Murphy Oil Corp. (NYSE:MUR) last released its earnings data on Wednesday, July 31st. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.22. The company had revenue of $7.22 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. On average, analysts predict that Murphy Oil Corp. will post $5.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.31 per share. This represents a $1.25 dividend on an annualized basis and a yield of 2.02%.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Murphy Oil Corp. (NYSE:MUR) in a research note to investors on Tuesday, September 17th. They now have a $65.00 price target on the stock. Separately, analysts at Barclays Capital reiterated a “hold” rating on shares of Murphy Oil Corp. (NYSE:MUR) in a research note to investors on Tuesday, September 3rd. They now have a $78.00 price target on the stock. Finally, analysts at UBS AG cut their price target on shares of Murphy Oil Corp. (NYSE:MUR) from $70.00 to $61.00 in a research note to investors on Tuesday, September 3rd. They now have a “neutral” rating on the stock. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $69.18.
Murphy Oil Corporation is a worldwide oil and gas exploration and production company with retail and wholesale gasoline marketing operations in the United States and refining and marketing operations in the United Kingdom.
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