Deutsche Bank Reaffirms Hold Rating for Murphy Oil (MUR)
Murphy Oil (NYSE:MUR)‘s stock had its “hold” rating reiterated by Deutsche Bank in a research note issued on Monday. They currently have a $75.00 price objective on the stock, down from their previous price objective of $80.00. Deutsche Bank’s price objective points to a potential upside of 23.25% from the company’s current price.
Other equities research analysts have also recently issued reports about 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. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $66.80.
Murphy Oil (NYSE:MUR) traded up 0.56% on Monday, hitting $61.19. 42,201 shares of the company’s stock traded hands. Murphy Oil has a one year low of $54.67 and a one year high of $68.43. The stock’s 50-day moving average is $63.76 and its 200-day moving average is $62.09. The company has a market cap of $10.866 billion and a P/E ratio of 17.43.
Murphy Oil (NYSE:MUR) last posted its quarterly 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. Analysts expect that Murphy Oil will post $4.76 EPS 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 2.30%. 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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