Murphy Oil Receives Consensus Rating of “Hold” from Brokerages (NYSE:MUR)
Shares of Murphy Oil (NYSE:MUR) have been given an average rating of “Hold” by the ten brokerages that are covering the company, Stock Ratings News reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $67.30.
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 (NYSE:MUR) opened at 60.55 on Friday. Murphy Oil has a 52-week low of $54.67 and a 52-week high of $68.43. The stock’s 50-day moving average is $64.43 and its 200-day moving average is $62.03. The company has a market cap of $10.752 billion and a P/E ratio of 17.31.
Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by $0.31. During the same quarter in the previous 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 declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, August 14th. This is a boost from Murphy Oil’s previous quarterly dividend of $0.31.
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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