Murphy Oil Corp. (MUR) Posts Quarterly Earnings, Misses Expectations By $0.25 EPS
Murphy Oil Corp. (NYSE:MUR) issued its quarterly earnings data on Thursday. The company reported $0.96 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.21 by $0.25, Stock Ratings News reports. During the same quarter in the previous year, the company posted $0.82 earnings per share.
A number of research firms have recently commented on MUR. Analysts at Iberia Capital initiated coverage on shares of Murphy Oil Corp. in a research note to investors on Tuesday, December 31st. They set a “sector perform” rating and a $70.00 price target on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Murphy Oil Corp. in a research note to investors on Friday, December 6th. They now have a $67.00 price target on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Murphy Oil Corp. from $71.00 to $66.00 in a research note to investors on Friday, November 1st. They now have a “market perform” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Murphy Oil Corp. has a consensus rating of “Hold” and an average price target of $70.45.
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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