Murphy Oil Given Consensus Rating of “Hold” by Brokerages (NYSE:MUR)
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.
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