Share on StockTwits

Shares of Murphy Oil (NYSE:MUR) have earned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, Stock Ratings Network reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $67.30.

Shares of Murphy Oil (NYSE:MUR) traded up 0.56% on Friday, hitting $60.1934. 168,607 shares of the company’s stock traded hands. Murphy Oil has a 1-year low of $54.67 and a 1-year high of $68.43. The stock’s 50-day moving average is $64.77 and its 200-day moving average is $61.9. The company has a market cap of $10.689 billion and a P/E ratio of 17.14.

Murphy Oil (NYSE:MUR) last announced its earnings results on Wednesday, July 30th. The company reported $0.90 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.21 by $0.31. During the same quarter last year, the company posted $1.75 earnings per share. On average, analysts predict that Murphy Oil will post $4.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Thursday, August 14th. This is a positive change from Murphy Oil’s previous quarterly dividend of $0.31.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Murphy Oil in a research note on Friday, August 1st. They now have a $65.00 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Murphy Oil from $65.00 to $64.00 in a research note on Friday, August 1st. Finally, analysts at Barclays raised their price target on shares of Murphy Oil from $65.00 to $74.00 in a research note on Friday, July 25th. They now have an “equal weight” rating on the stock.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.