Murphy Oil (MUR) to Release Quarterly Earnings on Wednesday

Murphy Oil (NYSE:MUR) is scheduled to release its earnings data after the market closes on Wednesday, January 31st. Analysts expect Murphy Oil to post earnings of ($0.03) per share for the quarter.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.11. Murphy Oil had a negative net margin of 4.15% and a negative return on equity of 1.25%. The firm had revenue of $498.31 million for the quarter, compared to analyst estimates of $460.17 million. During the same period in the prior year, the business posted ($0.18) EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts expect Murphy Oil to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Murphy Oil (MUR) opened at $34.70 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.74 and a debt-to-equity ratio of 0.58. Murphy Oil has a fifty-two week low of $22.21 and a fifty-two week high of $35.16. The company has a market cap of $5,919.25, a P/E ratio of -68.04 and a beta of 2.24.

In other news, VP John B. Gardner sold 3,783 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $27.84, for a total value of $105,318.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Madison Murphy sold 6,325 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $28.55, for a total transaction of $180,578.75. The disclosure for this sale can be found here. 6.89% of the stock is owned by corporate insiders.

Several brokerages have recently commented on MUR. Stephens set a $37.00 price objective on shares of Murphy Oil and gave the stock a “buy” rating in a report on Monday. Zacks Investment Research lowered shares of Murphy Oil from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Credit Suisse Group began coverage on shares of Murphy Oil in a report on Monday, December 11th. They issued a “neutral” rating and a $30.00 price objective on the stock. Cowen set a $34.00 target price on shares of Murphy Oil and gave the stock a “hold” rating in a report on Thursday, January 18th. Finally, Morgan Stanley increased their target price on shares of Murphy Oil from $23.00 to $26.00 and gave the stock an “underweight” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Murphy Oil presently has an average rating of “Hold” and a consensus target price of $30.83.

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About Murphy Oil

Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.

Earnings History for Murphy Oil (NYSE:MUR)

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